Condominium Insurance

Different Insurance Needs for Different Condos

When it comes to insurance, a condominium unit isn’t just a condo—it requires specialized coverage. That’s why you need a condominium insurance company in Virginia that understands the unique needs of condo owners.

Two Types of Condominium Insurance Policies

Your condominium is typically covered by two types of insurance:

1. Personal Insurance (HO-6) – Covers everything inside your unit.
2. HOA’s Master Policy – Covers the land, common areas, and your unit’s exterior structure.

At our condominium insurance company, we ensure these policies work together seamlessly to protect your home.

What the HOA Master Policy Covers

The extent of the HOA master policy coverage can vary:

• Bare Walls-In Coverage: Covers everything from the floors and drywall outward.
• Single Entity Coverage: Extends to flooring, cabinets, bathroom fixtures, and other parts of your unit.
• All-In Coverage: Covers the interior structure, including appliances and any improvements or alterations you’ve made.

How We Protect You

As a trusted condominium insurance company in Virginia, we tailor your HO-6 policy to complement the master policy, ensuring:

• No overlap in coverage, saving you from paying for unnecessary protections.
• No gaps in coverage, safeguarding you against risks not covered by the master policy.

Additional Protections We Provide:

• Assessment Coverage: If the HOA assesses unit owners to cover damage repair costs exceeding the master policy payout, we ensure you’re covered.
• Personal Property Valuation: We analyze the value of your belongings to ensure adequate coverage.

Addressing Common Condominium Insurance Gaps

• Water Damage Protection: Condo insurance doesn’t typically cover water damage from sump pump or drain backups. We can add this protection.
• Living Expense Coverage: If a covered loss makes your condo unlivable, we’ll ensure your policy pays for temporary living expenses.
• Liability Protection: If someone is injured or their property is damaged in your unit, we’ll make sure you have sufficient liability coverage to protect your financial assets.

Special Situations Requiring Additional Coverage

As a leading condominium insurance company, we provide solutions for unique situations:

• Second Homes: Condo insurance is designed for owner-occupied units. If your condo is a second home or you’re away for more than 30 days, we’ll provide second home insurance.
• Short-Term Rentals: Planning to rent out your condo, including as an Airbnb? We’ll help you add short-term rental coverage.

Choose the Right Condominium Insurance in Virginia

Protecting your condo starts with choosing the right team. We’re here to ensure your insurance policy is as unique as your home. Trust our experienced condominium insurance company in Virginia to provide coverage tailored to your needs.