Condo Insurance Coverage
Condo Insurance Coverage in a Standard Policy
What does standard condo insurance cover?
Different Types of Condo Insurance Coverage
Coverage for Your Home
Condos are large buildings, but only one small part is your home. This coverage protects the portion of your condo unit that you are responsible for, including the walls, floors and cabinets.
Personal Property Coverage
This coverage accounts for a variety of situations that could result in loss or damage to your condo and your personal property. Covered events include various weather phenomena, power surges, water damage and more.*
Coverage for Living Expenses
Certain circumstances may render your condo unlivable for some time. This protection helps cover the additional cost of a hotel stay and other living expenses, such as food. Fair rental value is available as a separate purchase.
Liability Protection Coverage
This addition may help provide financial protection for covered liability claims and lawsuits brought by others for accidental bodily injury or damage to their property that are accidentally caused by you, your children or pets.
Coverage for Medical Expenses
When an accident involves bodily injury to others, count on this coverage to help take care of medical payments up to policy limits. It applies regardless of your legal responsibility.