What Does Personal Condo Insurance Cover?

Even though you may own your condo, proper coverage will be different than a standard homeowners insurance policy. Learn what you need to protect your condominium home.

You will probably find that, because it does not need to cover the external building or landscaping, condo insurance rates are also much lower than traditional homeowners insurance on a house. The actual building, swimming pool, trees, etc. will be covered by a condominium building policy that the HOA owns.

Your Condo Owners Insurance Policy May Include Coverage For:

• Personal Property Insurance – Insure your personal property against covered damages or theft.
• Relocation Assistance – If you cannot live in your condo while waiting for repairs, rent for an apartment or motel room may be covered.
• Liability Insurance – In today’s society, it is always a good idea to make sure that you have an insurance company on your side in case a visitor gets injured in your home and then claims it was your fault.

Even though you own your condo, and it is an investment just like any home you own would be, a condominium insurance policy looks more like a renters insurance policy. The common areas, that all of the condo owners in your building share, would be covered by the condo association policy.

Shop around for low cost coverage that provides top quality coverage. Rates vary by insurer, and you can save hundreds by finding the right company. Rates and plans vary by location, the amount of coverage you need, and your claims history. We make it easy with our fast, safe, and free condo insurance quote forms.