Yes! We also offer Condo Insurance.
Just fill out the quote form above, and you will be asked if you own, rent, or have a condominium.

The real estate market is slowing seeing more activity than in recent years. Qualified buyers are looking to make the best purchases for their money. Many people are choosing to purchase single family residences while others are choosing to purchase condominiums. Buyers, in addition to shopping around for homes, must also shop around for homeowner’s insurance. Homeowner’s insurance is a great way to protect yourself. It is also required by any lender who finances the purchase of the property.

Condo insurance is different from homeowner’s insurance on a single family residence. This type of insurance is often confused, or compared, with renter’s insurance. However, renter’s insurance and condo insurance is quite different despite their similarities.

Anyone who is purchasing a condominium should first understand that the condominium association holds a master insurance policy. This insurance policy typically covers all exterior structural walls of the buildings. It also generally covers the common ground areas such as playgrounds, swimming pools, and any other common areas within the development. This insurance policy will also provide liability coverage for the association in the event someone is injured while on the grounds.

This master insurance policy protects the homeowners in some ways but not entirely. The master policy generally does not cover the interior of the individual units in the development. This means that if your unit experiences any damages due to water, smoke, fire, or other hazards you will not be covered unless you have your own policy. The master policy also will not protect you in the event someone sustains an injury while in your condo.

There are several insurance companies that offer condo insurance. The cost of these insurance policies will vary depending on several factors. One major factor in the determination is whether or not the owner intends to occupy the condo as his primary residence. Other factors that are included in the determination include the value of the individual condo, the amount of any liens against the property, and the value of the contents inside the unit. Another factor that determines the cost of the policy is the percentage of owner occupied units in the complex.

It is best to shop around before choosing the insurance company to purchase the condo insurance policy from. Many times the company who holds the master policy will offer discounts to the owners of the individual units in a development.