Different condos come with different insurance needs. That’s why you need a different kind of insurance team.
When it comes to insurance, a condominium unit isn’t just a condo.
Your condominium is covered by two different types of insurance. One is your personal insurance (HO-6) on everything inside your unit, and the other is the HOA’s master policy
covering the land, the common areas, and your unit’s exterior structure.
As a condo owner, you need to protect yourself against risks that the HOA master policy doesn’t cover – and that can vary from one master policy to another.
Some master policies cover only everything from the floors and drywall out. Some also cover flooring, cabinets, bathroom fixtures, and other parts of your unit. And some cover your condo’s whole interior structure – even appliances you bought and improvements and alterations you made after moving in.
So one of the first things we do is to make sure your HO-6 policy covers what the master policy doesn’t, and vice versa. That way, you don’t pay for coverage you don’t need, and don’t expose yourself to extra risks.
If repairing damage to the association’s shared spaces or building exteriors costs more than what the master policy pays out, the associations assess individual unit owners for the difference. We’ll make sure you’re covered for that.
We’ll also analyze the value of your personal property, to make sure that’s covered.
One thing condo insurance doesn’t cover is water damage from sump pump or drain backups. We can make sure your insurance does.
If a covered loss makes your condo unlivable, we’ll make sure your insurance will pay for living expenses while you temporarily move out.
If someone’s hurt or their property’s damaged inside your unit, we’ll make sure you have enough liability coverage to protect all your financial assets.
Condo insurance is designed for owner occupancy. So if your condo’s a second home, or if you’re away for more than 30 days, we can protect you with second home insurance.
And if you’re planning to rent out your condo, including as an AirBnB, we’ll help you add short-term rental coverage.