Serving MA, NH & FL

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617-397-7377

CONDO INSURANCE

Condo owners are not just responsible for their individual unit and personal belongings but also a fraction of common elements, condo insurance is designed to cover all these aspects. Condo owners also need protection for friends, family, and other guests who may visit their home, which means having legal or liability coverage.

The more complex your condo and your individual responsibilities are, the more coverage you may need. But here are the three major coverage areas included in standard condo insurance policies available:

  1. Dwelling coverage: This condo insurance aspect covers your unit’s structural components like the walls, ceilings, and floors.
  2. Personal property coverageThis covers your personal belongings like furniture, clothing, electronics, knickknacks, silverware, etc., that are stored within the unit from perils such as fire or theft. This aspect of coverage also protects the building elements you’re responsible for such as toilets, showers, flooring, etc.
  3. Liability coverage: This covers legal expenses, such as attorney and court fees, in the event you are sued for bodily injury or property damage to a third party. Settlements you’re ordered to pay if you lose the case are covered as well. Coverage extends to all members of the family living within the condo, including pets.