ONE — Nelly Diaz Agency, Insurance Advisors

What it covers

Common condo coverages

A condo policy picks up where your association's master policy leaves off. Limits, deductibles and exclusions vary, so it helps to review each part alongside the master policy.

Tap any part and the quote form opens with it already noted.

  • Unit interior

    Helps pay to repair parts of your unit you are responsible for, such as interior walls, flooring, cabinets and fixtures, after a covered loss.

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  • Personal property

    Protects your belongings, such as furniture, clothing and electronics, against covered events like theft or fire.

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  • Loss assessment

    May help pay your share if the association charges owners a special assessment after a covered loss to shared property.

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  • Loss of use

    If a covered loss makes your unit unlivable, it can help pay for temporary housing and extra living costs.

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  • Personal liability

    Helps protect you if you are found responsible for someone else's injury or damage to their property.

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  • Medical payments to others

    Can pay medical bills for guests hurt in your unit, regardless of fault. It does not cover your own household.

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Why it matters

Know where the master policy ends

Condo coverage works alongside your association's master policy. Some master policies cover only the building's exterior and shared areas, while others include more of the unit's interior, so the coverage you need depends on what the master policy leaves to you.

Upgrades you make, such as new flooring, cabinets or fixtures, may also be yours to insure. Reviewing both policies together can help you find a gap before a loss happens.

Ask your condo association for a copy of the master policy so you can see where its coverage ends and yours begins.

Answers

Condo insurance questions

Straight answers to common questions. If yours is not here, call or text our agency.

A master policy generally covers shared areas and may cover parts of the building, but it usually does not cover your belongings or your personal liability. How much of your unit's interior it covers depends on the policy.

If your association charges owners a special assessment to pay for a covered loss to shared property, this coverage may help pay your share, up to the policy limit.

Condo policies generally do not cover flood damage. Flood coverage is usually a separate policy, so ask our agency about it if flooding is a concern where you live.

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Next step

Let’s review your needs to find the coverage that fits you.

Request a quote online, or call or text our agency. If your current policy already fits, we will tell you that too.