Customer Friendly Condo Insurance Coverage


Purchasing good condo insurance coverage is a great idea if one wishes to partake of the perks that condo home ownership provides, namely living without the hassle and time needed for such tasks as general maintenance for exterior areas and for the upkeep of common areas that all residents enjoy. In general, condo associations will carry their own master policy, which will not cover any of a condo homeowner’s personal belongings, interior fixtures, appliances and so on. Finding the best coverage to fit your needs is a vital decision for the condo owner so as to financially protect all that has been earned.
HOA (Condo Association) Master Policies
The condo association or HOA will usually have a master policy in effect that will protect the building owner’s interest. It covers the structure itself, exterior features and common shared areas. The common areas often include swimming pools, patios, elevator and boiler rooms, rooftops and the like. Some master policies will also provide coverage to a condo’s floors, ceilings, and bare walls. It is therefore important that the condo owner become familiar with all the details of the associations’ bylaws and existing policy details prior to purchasing condo insurance protection. This will ensure that you have the proper insurance coverage that will protect your personal property and the interior of your condo home. Condo coverage can sometimes be engineered to protect the policyholder from water damage, injuries happening inside the unit, (liability exposure), burglary, vandalism, etc.

More Details

Condominium insurance protection provides coverage for personal liability, which safeguards a policyholder should a person be hurt in the unit and then is faced a lawsuit. The personal property component of this coverage safeguards a variety of things found in one’s condo home while the building property protection provides protection for condo walls and the condo interior. Policyholders can also enjoy a myriad of discounts including multi-line price reductions, Internet discounts, automatic pay pricing, loyalty discounts, and relatively inexpensive premiums by choosing higher deductibles.


Good condo insurance policies are provided by insurance providers everywhere in the USA and with HOAs as well. It is suggested that condo owners look into repair and replacement costs of all their personal belongings before purchasing a policy. It is important to ensure that one has enough coverage in the policy to handle expenses that result from any accidents and other forms of covered losses.