Condominium Insurance Coverage

While your condo association’s insurance usually includes protection for most of the structure of your condo, their coverage doesn’t extend to your belongings. In addition, some condo association policies may not cover the entire structure. This is where we step in with affordable condo insurance options to get you back on your feet, should the unexpected happen.

What’s Covered Under Condo Insurance?

Condo insurance helps to protect your valuables, like furniture and electronics, should they be damaged in a covered incident, as well as helping to protect your finances against lawsuits from someone injuring themselves in your unit. It covers the things most condo association insurance policies don’t, helping you protect what matters most in your condominium.

Is Condo Insurance Necessary?

If you already have insurance with your condo association, you may be left thinking, “Do I really need condo unit-owners insurance?” While your condo association’s insurance coverage can help protect things related to the building itself and any external damages that occur, it does not protect what’s inside your condo unit itself, other than its structure. To protect the value of your belongings and help with repairs in certain cases, condo insurance is a necessity for many condo owners.

Property Protection for Your Condo

Your clothing, furniture, electronics, appliances and more — property coverage protects your unit and possessions against damage or loss caused by the following:

Additional Condo Insurance Coverage

You’ve made your condo uniquely yours. That’s why we provide special add-on coverage options. By building a policy just for you, our agents can better protect the dreams you’re pursuing.

Save for the Unexpected With Diminishing Deductible Coverage

When you have a condo insurance claim, you’ll have to pay a deductible before your insurance covers the costs of the repairs or replacement costs. At American Family Insurance, we know that a deductible isn’t always the easiest thing to pay after an unexpected event. But with our Diminishing Deductible, we hope to ease that burden by offering a way to reduce your deductible amount. Here’s how it works:

Earn Credit Immediately

We’ll credit your deductible $100* day one. Let’s say you have a $1,000 deductible. Good news — it just dropped to $900.

Watch Your Deductible Diminish

Your deductible will continue to reduce each year at policy renewal, up to your policy’s maximum limit, as long as you maintain your policy with us.

Savings When You Need It

If you have a claim, you’ll pay a reduced deductible amount thanks to your Diminishing Deductible coverage. Your deductible then resets, so you’ll go right back to earning a reduced deductible amount.

Learn more about Diminishing Deductible coverage >

How Much Condo Insurance Do I Need?

You should have enough condo insurance to cover the value of your belongings and help pay for any damages to parts of your unit not considered part of its structure. You can calculate this by taking inventory of your possessions and their value using receipts, photographs and even video of your unit for proof. What would it cost to replace these items?

You should also think about liability coverage and how much you might need to pay should someone be injured in your unit. Another way to supplement your condo insurance liability coverage is with umbrella insurance, which will pay your legal fees and can help pay any settlement costs should you be sued and found at-fault in court.

*Maximum limit of $500 for renter insurance, condo insurance and manufactured home insurance.