Owning a condominium carries its own responsibilities. You, not the homeowner’s association, are responsible for what’s inside your condo. That’s why it is critically important to have a condo policy!
Your condo association will have a master policy that will cover the property, common areas and physical structure of your building. That being said, they do not cover what is inside of your condominium, such as your carpet, your clothes and your furniture!
That’s why you need condo insurance.
Condo insurance will typically include coverage such as:
- Personal property
- Replacement value of your primary dwelling and specified permanent attachments, up to a specific value
- Bodily injury if someone is hurt on your property (just like a homeowner’s policy)
- Liability for property damage
- Damage protection from dangers, such as fire, plumbing freezes, vandalism, glass breakage, etc.
A traditional condo insurance policy will cover damages to most of your personal belongings, as well as walls, floors and ceiling coverings. Most condominium associations will say that the owner is responsible for everything within the unit, including permanently attached fixtures and improvements such as kitchen cabinets and appliances.
When you’re ready to shop for Condo Insurance, also known as an HO6 policy, contact Motz-Rusin Insurance.