Condominium Insurance

If you own a condo, it’s essential to understand the extent of coverage provided by the HOA insurance policy. Certain areas of the property are typically covered on a condo policy, such as the interior structure (from walls inward) and personal possessions. However, coverage for injuries sustained in your private area is often excluded from an HOA policy. Condominium insurance policies vary widely in terms of coverage, payout limits, and restrictions, making it challenging to navigate the fine print. However, at Alonge Family Insurance, our local team handles this task for you. We strive to secure the best coverage at the most competitive rates from a diverse range of providers.

Key types of condominium insurance that should be in place include coverage for alterations, appliances, fixtures, and any other unique unit structures, as well as property for which you’re held responsible according to the association agreement. Your condo should be adequately protected against losses resulting from fire, smoke damage, storm damage (e.g., wind, rain, ice, snow, hail), theft, vandalism, or mischief.

As a condo owner, you’re responsible for any losses incurred by guests or visitors due to accidental injuries on your property, from slip and fall accidents to dog bites, or property damage. Fortunately, your condo insurance policy shields you from potential lawsuits seeking financial compensation for such losses, up to the specified coverage limits.

Wondering which specific types of condominium insurance coverage you require? At Alonge Family Insurance, our local experts are readily available to review your existing policies and association agreement. We’ll assist you in determining the appropriate coverage types and amounts needed to mitigate the risk of loss effectively. With a commitment to sourcing the best prices for superior coverage, we’re dedicated to providing local condo owners with the peace of mind they deserve. Contact us today to ensure your condo is adequately protected.