Condominium Insurance Frequently Asked Questions
What does a condo insurance policy cover?
As a condo owner, it is important to learn about the association's policy because it will help you figure out what coverage you need for your condo. The master policy may not cover your belongings if they are stolen, nor will it protect you from liability. Furthermore, certain master policies will specify what part of the unit the owner is responsible for, so it is recommended that you check with your association and the master policy to make sure you understand what you need to insure.
In some cases, condo insurance coverages may protect items such as*:
*Some items may require additional coverage
Your personal condo insurance policy may also insure your property in case of:
You may also receive personal liability protection in case of injury resulting from an accident on your property.
Does condo insurance cover appliances?
Condo insurance typically covers appliances and other under most policies. Make sure you know the specifics of your policy though as there could be limits to how much is covered.
How much condo insurance do I need?
The level of coverage you require will depend on a few factors. One is the amount of liability coverage your policy carries. Liability coverage helps protect you in the event someone is injured in your condominium. Personal property can help cover personal items like:
Anything else I should know?
Remember when assessing the value of your belongings to pay close attention to the current market value, so that your policy covers the present cost of replacement. In addition to the basics listed above, you'll also want to consider your unique situation. Do you own the condo you're insuring? Are you renting it?
Condo coverage can be a little different for each situation, so assess yours to get the best rate you can.
Also, there are additional coverages you may want to consider:
- Loss Assessments
- Loss of Use
- Earthquake Coverage
- Ordinance or Law Coverage
- Water Backup
- Mortgage Clause
- Flood Insurance
How can I get a condo insurance quote?
Thought Infinity only offered auto insurance? We were just getting started! Infinity Insurance Agency, Inc., provides condo insurance coverages through non-affiliated insurance companies. Clicking on “begin your free online condo insurance quote” will take you to these companies. We've searched for great providers with some of the best rates around, so you don't have to.
To learn more about a condo insurance policy, begin a free online quote or call 1-800-INFINITY today!
This material is for general informational purposes only. All statements are subject to the terms, exclusions and conditions of the applicable policy. In all instances, current policy contract language prevails. Products, services and discounts referenced herein are not available in all states or in all underwriting companies. Coverage is subject to individual policyholders meeting our underwriting qualifications and state availability.