The association’s insurance protects the association, not you. It will cover the building, common areas, and the liability of the association. What it doesn’t cover: the inside of your unit, your personal property, and your liability. If someone slips and falls inside your condo unit, you could be responsible for paying their medical bills and lost wages. In addition, let’s say, your kitchen is destroyed by a grease fire. Replacing your kitchen is your responsibility and with the average kitchen remodel costing over $20,000, that can be costly! A Condo Insurance policy from can save you from this financial burden.
Condo Insurance coverage can offer:
- Building Coverage including additions and alterations
- Personal Property Coverage (replacement cost available)
- Personal Liability Coverage
- Loss Assessment
- Identity Fraud
- Specialized coverage for Jewelry, Fine Arts, Collections, and More