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How it works
Condo Insurance Quote
Condo Insurance (Condominium Insurance)
Condo insurance is a type of home insurance specifically for people who own a condominium unit. Unlike a regular homeowners policy, condo insurance focuses on the inside of your unit and your personal belongings rather than the building itself. The building’s structure, such as walls, roof, and shared areas like lobbies and gyms, is usually covered by the condo association’s master policy..
How condo insurance covers your property
Personal Belongings
Covers furniture, electronics, clothing, and other items inside your unit if they are damaged, stolen, or destroyed by fire, theft, or certain natural disasters.
Building Items
Covered claims can pay to repair the interior of your condo, including countertops, floor and wall coverings, and property upgrades.
How condo insurance helps protect your finances
Personal Liability
If someone gets hurt inside your condo, this part helps cover medical bills or legal costs if they sue you.
Assessments for Shared Losses
You may be covered up to $50,000 if your association charges you an assessment for repairing damage to common areas.
Loss of Use
If your condo becomes unlivable after a covered loss, this helps reimburse you for a hotel and additional living expenses while your home is repaired.
Medical Payments to Others
This helps cover medical expenses for people other than you and your family who may be injured at your condo.
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How the condo claims process works
1
We'll determine if we can cover the loss. It can take longer than a standard claim because we have to verify the master policy doesn't cover the loss.
2
We'll pay for what your policy covers. We'll send your payment minus your deductible.
3
You'll repair or replace items. We may recommend a contractor, or you can choose your own.