We understand that your condominium is not just a home—it's an investment and a lifestyle choice. Condo Insurance is designed to fill the gaps left by your condo association's master policy, ensuring your personal space and belongings are thoroughly protected.
While your condo association likely has insurance covering the building and common areas, this coverage does not extend to the inside of your unit or your personal belongings. Condo Insurance is essential for protecting against personal property loss, interior damage, and liability claims within your unit.
Protects your furniture, electronics, appliances, and other personal belongings from theft, damage, or destruction.
Covers damages to the interior of your unit, such as floors, walls, cabinets, and fixtures, which might not be included in your condo association's policy.
Safeguards you financially if someone is injured in your unit and you are found liable for their injuries.
If you've upgraded or customized your condo, additional coverage can ensure that these enhancements are protected.
Helps cover your share of an assessment imposed by your condo association for major repairs or legal liabilities if the association's policy is insufficient.
Offers protection from water damage due to sewer backups or floods, which are typically not covered by standard policies or condo associations.
Selecting the right Condo Insurance can be complex, given the interplay between your association’s policy and personal coverage needs. Our experts are here to help you understand your coverage options and ensure that there are no gaps in protection. We'll guide you through policy details and help you make informed decisions about the coverage that best suits your lifestyle and budget.
Condo insurance, also known as HO-6 insurance, covers the interior of your unit and your personal property against covered perils such as theft, fire, and vandalism. It also provides liability coverage and often covers additional living expenses if you're temporarily displaced.
Condo insurance specifically covers the interior space of your condo unit, starting from the "studs in." This means everything within the walls of your unit is covered by your personal policy, while the exterior and common areas are covered by your condominium association's master policy.
While not legally required, many mortgage lenders require condo insurance. Additionally, having condo insurance is a wise financial decision to protect your personal property and cover potential liabilities.
Contact us today at Able Insurance. Our expert advisors are here to help you find the best coverage and answer any questions you may have.
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