Condo Insurance
Overview
Condo insurance, also known as HO-6 insurance, is designed specifically for condominium owners. It provides coverage for your personal belongings, interior walls, and any improvements you make to your unit. It also includes liability protection in case someone is injured in your condo.
Types of Coverage:
Personal Property Coverage: Covers your belongings inside the condo.
Dwelling Coverage: Protects the interior structure of your unit, including walls, floors, and ceilings.
Liability Protection: Covers legal costs if someone is injured in your condo.
Loss Assessment Coverage: Helps pay for your share of damage to common areas of the condo complex.
Additional Living Expenses (ALE): Pays for temporary living costs if your condo is uninhabitable due to a covered event.
Factors Affecting Premiums:
Location: The area where your condo is located can impact your insurance costs due to factors like crime rates and natural disaster risks.
Coverage Amount: Higher coverage limits and lower deductibles will increase your premium.
Claims History: A history of frequent claims can lead to higher premiums.
How to Get a Quote: To get a quote for condo insurance, please visit our general insurance quote form.