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Condo Insurance
Cover what your association doesn’t with a condo policy.
Condo insurance is typically referred to as “walls in coverage” meaning that it protects everything contained within the walls of your unit. Including walls, flooring, cabinets, appliances, as well as your personal belongings such as furniture, electronics, etc.
Condo associations carry a master insurance policy that covers the outside physical structure of the buildings as well as common areas such as grounds, hallways, elevators, and more. However in most cases, they do not cover the inside of the buildings, which is why it’s the responsibility of the owners to cover through a condominium insurance policy.
Getting condo insurance is not only highly advisable to protect your assets, it is also a requirement by most banks and lenders.
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Typical Condo Insurance Coverages Include
Property Damage
- Fire
- Wind
- Hail
- Water damage ( unless excluded by your policy )
Personal Property
Protects belongings that were damaged or stolen in a covered loss such as:
- Furniture
- Appliances
- Clothing
- Electronics
- Tools