Even if your condominium association has coverage, condo insurance can come in handy. For example, their insurance might cover the association’s condominium building, commonly owned property, and liability insurance.

Unfortunately, there are many cases where that insurance policy won’t cover you or your belongings—like a break-in, water damage to your living room walls, or someone injuring themselves slipping on your wet kitchen floor. You need condominium insurance designed specifically for condo or co-op owners.

Condominium policies help protect your personal property and the interior of your unit. You will also have liability protection for bodily injury or property damage to others.

The articles of the condominium association and state law determine exactly what’s covered under the association’s master insurance policy.

In most cases, the association’s coverage stops after the exterior walls meaning that you are responsible for the interior walls and possibly for fixtures, as well as your personal property and liability. This is where your own personal condo policy would come in. Most policies will include coverage for losses arising from:

A) Fire or lightning

B) Windstorm

C) Smoke

D) Vandalism or Malicious Mischief

E) Theft

F) Accidental Discharge of Water

When it comes to insurance for your condo unit, you should ensure coverage that fits your needs. We can help you tailor a condo insurance policy that’s right for you. Contact us today!