What does condo insurance 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.
Common condo insurance coverages may protect valuable belongings such as:
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.
Anything else I should know?
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? Lastly, is your condo occupied seasonally? Condo coverage can be a little different for each situation, so assess yours to get the best rate possible.
Also, there are additional coverages you may want to consider for:
- Loss Assessments
- Loss of Use
- Earthquake Coverage
- Ordinance or Law Coverage
- Water Backup
- Mortgage Clause
Great! 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.