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Condo Insurance

Condo insurance is a policy that can be purchased by a condo unit owner. It helps to cover repairs to your unit as well as your personal items if they become damaged or stolen by fire, vandalism, etc. There are various coverage options available to help protect you, your unit, and your items. We offer condo insurance here at Virtual Insurance Agency LLC.

Condo Insurance Requirements

There are no legal requirements for condo insurance in the state. However, this doesn’t mean that your lender won’t require it if you finance your condo.

Condo Insurance Coverage

Here are some of the things that condo insurance covers:

• Personal liability coverage- If someone were to become injured while at your condo and you are at fault, this will help you cover legal fees and the medical bills of your guest.
• Guest medical coverage- If a guest becomes injured while at your home, this will cover related medical costs even if you are not at fault.
• Building property protection- This coverage helps cover repairs to the walls of your unit as well as its interior, which may include things such as built-in fixtures.
• Personal property coverage- Your personal items such as appliances, furniture, clothing, and electronics are typically included under this policy. If they become damaged or stolen in a covered claim, this will help cover the repair or replacement costs.

Typically, you can choose from a couple of different personal property coverage types which can determine the amount your policy will reimburse you following a covered loss including actual cash value and replacement cost coverage.

Quotes

To obtain a quote for condo insurance, please give us a call here at Virtual Insurance Agency LLC. We will work to find a policy that meets your needs.