Condo Insurance
Great Rates, Service and Coverage From Reputable Insurers.
Properly insuring a condo requires a thorough understanding of both the individual unit policy and the master policy for the building, as they impact each other.
The association’s master policy should cover the building, but it doesn't cover your personal belongings, liability risks, or the interior of your unit. Unlike many agencies, we take the time to review the building's policy to avoid coverage gaps or overlaps in your condo insurance (HO6 insurance). We have access to insurers that brokers cannot, often offering better premiums and coverage.
Available Condo Insurance Coverages
Building property coverage protects permanently attached items within your unit, such as walls, flooring, cabinetry, and fixtures. If these are covered by your HOA’s master policy, your condo insurance may only need to cover up to the deductible of that policy.
Personal property coverage protects your belongings, such as furniture, electronics, clothing, and kitchenware. The coverage limit is determined by the value of your items. HO6 insurance policies also include sub-limits for valuables and commonly stolen items, which can be increased for additional protection.
Loss of use coverage helps pay for additional living expenses, such as a hotel, apartment, or rental home, if your condo becomes uninhabitable due to a covered loss. The coverage limit should be based on your living expenses and the time required to rebuild the condo building.
Guest medical coverage helps pay for medical expenses if a guest is injured while at your condo. However, if a guest holds you responsible for their injuries, the liability coverage under your HO6 insurance policy would apply, making guest medical coverage optional.
Liability coverage financially protects you if you're held responsible for injuries or property damage, excluding motor vehicle incidents. This includes situations like slips or trips on your property, dog bites, or accidents during sports. We recommend liability limits of at least $300,000 for condo insurance.
Loss assessment coverage, available under HO6 insurance, helps cover HOA special assessments following a loss covered by the association’s master policy, especially when the master policy has a high deductible or exceeds its coverage limits.