Condominium unit-owners also are subject to possible assessments by the condo association. Often this is to cover an extraordinary event, such as damage to property or payments necessitated by a legal settlement or judgment. Minimal coverage is included in most Condo policies, so it’s important to review your potential needs in this area, as well.

Special Considerations

The value of all your personal property – furniture, clothing, DVDs, jewelry, etc.

The value of fixtures, partition walls, and other structural elements of your unit that you own and may be responsible for insuring per your condominium’s legal documents.

Medical payments to others in case of an accident

Additional living expenses if you lose the use of your condo

Money, silverware, securities, credit card, jewelry protection

Personal Liability Umbrella – A serious automobile accident or another incident could lead to a large lawsuit against you or a family member and easily exceed the liability limits of your Auto or Homeowners Policy. Today, more than ever, people – especially homeowners and others with substantial assets to protect – are purchasing an Umbrella Policy to provide additional levels of coverage. Protection is available in increments of $1 million and is more affordable than you may expect, averaging about $200 to $250 for the first $1 million.

Contact us for a Condo Insurance quote.