Insurance for your Condo, Townhome, or Duplex

Insurance that is designed to be as
low-maintenance as your lifestyle.

Condo insurance is different than homeowners insurance. If you’re a condo owner, you don’t insure the entire building. Typically, you insure the property inside like the walls, studs, and anything inside the drywall.

Condo associations, most often maintain the buildings themselves, generally ensure the outside of the structure – meaning the exterior only. However, making sure you have the right amount of coverage for the parts of the building on the inside of the condo is up to you.

Keep in mind this amount is based on the square footage of your condo and the type of quality of your buildout. For example, do you have a standard kitchen or a custom kitchen? Remember, you will want to replace what you have and not settle for less because someone calculated it wrong. The good news is you don’t have to be a builder to get this right. We can talk you through it on the phone or in-person. An excellent way to think about it is this; if you can see it on the inside, you’ll want to insure it. You’ll also want to protect a few things you may or may not see, including interior walls, paint, cabinets, fixtures, plumbing, ductwork, wiring, carpeting, and flooring. And one more thing, don’t forget private garages and permanent improvements or updates you’ve made to your property. In our experience, this tends to be the most consistently underinsured portion of a condo policy.

Okay, what about your personal belongings? On a home policy, you’ll find the personal property is calculated based on the replacement cost of the dwelling. However, on a condo policy, the amount of personal property coverage is left to your discretion. Personal property coverage needs to cover anything you can carry through the front door. When determining how much coverage you need, consider that clothing, furniture, cookware, books, artwork, home electronics, computers, and other items down to your toothbrush would be included.

We understand the unique risks that come with your condo policy. We’ll advise you about the type of coverages available and help you choose the best policy from among our top-rated insurance companies offering policies specially designed for condo owners. We’re more than happy to review your condo requirements with you at any time to make sure there aren’t any gaps in your coverage. Free, honest policy reviews are a part of our agency’s stewardship philosophy.