If you own a condominium, the homeowners association typically carries a master insurance policy covering the building and common areas. Your personal condominium insurance generally provides coverage from the “paint in,” including the portions of your unit for which you are responsible, such as interior finishes, fixtures, appliances, improvements, and your personal belongings. Because every association agreement and master policy is different, it is important to understand where the association’s coverage ends and your responsibility begins.
Condominium insurance may protect your unit and belongings against covered losses such as fire, smoke, theft, vandalism, and certain types of storm or water damage. It can also provide personal liability coverage if a guest is injured in your unit or if you accidentally cause damage to someone else’s property. If a claim or lawsuit is filed against you, your policy may help pay covered expenses up to the limits shown in the policy.
Every condominium insurance policy has its own coverages, limits, deductibles, and exclusions. At Nowlin Insurance Group LLC, we can review your condominium association agreement and master insurance policy, explain what may already be covered, and help you determine the protection you need for your unit, belongings, and personal liability. Our team compares options from multiple insurance companies to help you find suitable coverage at a competitive price.
