What is condo insurance? ; Insuring a condo isn't the same as insuring a single-family home. Your HOA will usually have an insurance policy that covers the exterior structure of the building and common areas shared by multiple owners such as pools, elevators, and outside walls. As an individual condo owner, you're responsible for insuring your unit and belongings. Like a homeowners insurance policy, condo insurance would help repair or replace drywall, doors, cabinets, etc. in the event of a covered loss. It could also help cover personal belon ...
Home insurance , also commonly called homeowner's insurance (often abbreviated in the US real estate industry as HOI ), is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses ...
Theft · Vandalism · Sudden and accidental water damage from your plumbing, water heater, heating or air conditioning system, or household appliances.
What is condo insurance? · What is condo personal property coverage? · What is condo liability insurance? · What's covered by a condo association's insurance policy? · What is loss assessment coverage? · What is condo insurance? · What is condo personal property coverage? · What is condo liability insurance? · What's covered by a condo association's insurance policy? · What is loss assessment coverage?
Get a quote for condo insurance today ; It can take just a few minutes to get a condo ; insurance quote. Condo insurance includes personal liability coverage, which can provide coverage if someone gets hurt while visiting. Condo insurance ; can also provide coverage for your personal property, such as your furniture and electronics. Even if your ; condo association has insurance, you may still need
Valuable articles coverage · Unlimited replacement cost · Umbrella and excess liability · Back up of sewage and water, flood, and other natural disaster options · Loss of use · Increased loss assessment
Condo insurance offers the following types of protection: ; Personal property coverage for your furniture, electronics, clothes, and other possessions ; Liability coverage, in case you cause damage to the property or a guest is injured in your home ; Loss of use coverage in case you need temporary housing while your condo is being repaired
Allstate® condo discounts include: Multi-policy discount Save when you bundle your condo insurance with an Allstate auto insurance policy. Additional discounts are available if you bundle with other Allstate policies, such as life insurance, personal umbrella policy or boat insurance. Welcome & loyalty discount Save on your condo insurance premium just for switching to Allstate. As long as you're a customer, you'll continue to save every year after that. Protective device discount Save when your condo has theft or fire protection devices. ...
, Monthly Cost, Yearly Cost ; Commercial property insurance, $42, $504 ; General liability insurance, $46, $552 ; Business owner’s policy, $54, $648
Fire or lightning · Theft or vandalism · Wind or hail · Freezing of plumbing