Condominium Insurance

As the owner of a condominium unit, your insurance needs are different from other homeowners. Chances are your association purchased a master policy to cover common areas like the exterior building and walkways. But you are responsible for insuring your individual, personal interests within your unit. You need both personal property and liability insurance.

A Condo Policy Protects:

• Interior Walls and Improvements
• Loss Assessment
• Personal Belongings, including furniture, clothing, appliances and much more.
• Loss of Use, for living expenses, when the home is damaged and uninhabitable.
• Personal Liability, that protects you and your family against a claim or lawsuit if someone is injured or their property is damaged while at your home.

Coverage can be enhanced with a variety of added value endorsements. Among them are:

• Contents Replacement. Provides full replacement cost for personal belongings.
• Personal Injury. Protects you against libel and slander.
• Identity Theft Protection. Provides assistance from a consumer fraud specialist and covers expenses related to restoring your good name and financial reputation.
• Personal Articles Floater. Provides even more comprehensive coverage for Valuables. It is the right coverage for people who wish to schedule items that have been carefully selected and whose values exceed the limits of a standard policy.
• Water Backup of Sewers or Drains

Learn more about Condominium Insurance from: