Condominium insurance provides coverage for your unit where your condominium association insurance stops. Your association typically insures the building and other common areas.
You are responsible for the interior of your unit usually from the walls in. A condominium unit owner’s policy provides personal property and liability coverage in addition to coverage for your floors, walls, cabinets and fixtures that your association’s insurance probably will not cover. In the event that your unit is rented to others a special endorsement can be provided to amend the policy and provide the correct coverage.
Every association’s insurance policy is different regarding what each unit owner is responsible for, so it is important to review your association policy and condominium by-laws carefully.
Wike Insurance offers free, comparative quotes on condo insurance from multiple insurance carriers so you can get the best possible rate.
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