Condo Insurance
Be certain you’re protected
Many condo unit owners mistakenly assume that their building’s master insurance policy covers them fully — and that can lead to big problems. In addition to securing your own insurance coverage, you need to be aware of any changes to your association’s master policy, so you can avoid coverage gaps.
Also, if you or the prior owner of your condo installed permanent upgrades, such as wall coverings or cabinetry, or renovated the kitchen or bathroom, you may no longer be covered by your association’s insurance policy.
Coverage that suits your needs
Don’t let your property improvements turn into a liability. Our expert condo insurance and co-op insurance advisors can help you get the right coverage and avoid expensive surprises when you experience a loss.
Tailored condo insurance solutions can include:
- Loss assessment coverage: You’re covered for an insured peril when the association’s insurance policy doesn’t cover the total cost of damage to common areas or when a lawsuit is brought against the association.
- Personal property coverage: Protect your contents against loss, both on and off the premises.
- Valuable articles coverage: Get coverage for loss or theft of jewelry, art and other valuable items.
- Comprehensive personal liability coverage: Provides you with protection against lawsuits arising out of accidental water damage, slip and falls, and liable slander.
It’s also vitally important to keep your condo insurance policies up to date. When you acquire new possessions or your personal circumstances change, make sure to update your coverage.
Contact a HUB broker to get started.
