Can you get Earthquake Insurance for a Condo?

What is earthquake insurance? Earthquake insurance is a type of insurance policy that helps protect homeowners and business owners from financial losses caused by earthquakes. It typically covers damage to the structure of the home or business, as well as personal property damage and loss of use. Many standard homeowners and condo insurance policies [...]

2022-08-15T17:42:02-06:00By |Condo Insurance, Earthquake Insurance|Comments Off on Can you get Earthquake Insurance for a Condo?

How much should you insure your condo for?

The amount of insurance you should purchase for your condo will depend on what coverages and limits are provided by your HOA master insurance policy.  You can request a copy of your HOA master insurance policy from your homeowners’ association. You should purchase enough dwelling coverage to meet or exceed the deductible [...]

2022-08-15T10:41:50-06:00By |Condo Insurance|Comments Off on How much should you insure your condo for?

How much is hazard insurance on a condo in Utah?

The cost of hazard insurance or homeowners insurance for a condo in Utah will vary depending on the coverages selected and the amount of insurance purchased. The endorsements you select to enhance your condo home insurance will also play a role in determining the price you will pay. On average, we see [...]

2022-08-15T09:02:14-06:00By |Condo Insurance|Comments Off on How much is hazard insurance on a condo in Utah?

How much dwelling insurance do I need for a condo?

You should purchase enough dwelling coverage to meet your HOA master policy deductible, and maybe more depending on your homeowner’s association. Many condo insurance policies will provide coverage to meet your HOA master policy deductible in the dwelling coverage of your HO-6 Condo Insurance policy if there is a claim that includes [...]

2022-08-15T08:25:41-06:00By |Condo Insurance|Comments Off on How much dwelling insurance do I need for a condo?

Is insurance cheaper on a condo?

Insurance rates for Condos and townhouses are generally much lower than homeowners insurance prices for single-family dwellings. This is because the condo association master policy will cover damage to all items in the building, including the roof, walls, and common areas. Condo and townhouse homeowners' policies typically cover more than just the [...]

2022-08-15T07:59:27-06:00By |Condo Insurance|Comments Off on Is insurance cheaper on a condo?

Who has the cheapest condo insurance?

You will find the cheapest condo insurance by working with an independent insurance advisor. All insurance companies offer different rates for different risks. Factors such as location, structure type, coverage selection, and personal and household information can affect the cost of your insurance coverage. An independent insurance advisor can shop with multiple [...]

2022-08-15T08:03:19-06:00By |Condo Insurance|Comments Off on Who has the cheapest condo insurance?

What is HOA Insurance?

HOA Insurance typically refers to the Master HOA insurance policy. Your HOA is responsible for carrying out a master insurance policy to insure the common areas of your condominium development.  The HOA master policy provides protection for damages or injuries that occur in the “shared spaces” (i.e., hallways, meeting rooms, pool decks, [...]

2022-08-15T06:25:12-06:00By |Condo Insurance|Comments Off on What is HOA Insurance?

What does an HO-6 Condo Policy Cover?

An HO-6 Condo insurance policy as homeowners insurance for condo and townhome owners. An HO-6 policy will provide similar coverage as a traditional homeowners insurance policy. You will have coverage for standard perils such as fire, windstorm, explosion, theft, vandalism, smoke damage, and riot or civil commotion. Each condo policy can vary [...]

2022-08-15T06:16:56-06:00By |Condo Insurance|Comments Off on What does an HO-6 Condo Policy Cover?

Should I get condo insurance?

If you own a condo or townhouse, you absolutely should purchase a condo insurance policy. Even if it is not required by your lender, you still 100% highly recommend you purchase condo insurance for your unit. Your condo insurance policy will provide you coverage for your Personal Property against theft, vandalism, fire, [...]

2022-08-15T05:54:47-06:00By |Condo Insurance|Comments Off on Should I get condo insurance?

Is condo insurance more expensive than a house?

Condo insurance is typically less expensive than a traditional homeowners insurance policy. A condo insurance policy offers similar coverage as a traditional homeowners policy for Personal Property, Loss of Use, Liability, and Medical Expense coverage. You will typically have significantly less coverage for the dwelling because the dwelling coverage for a condo [...]

2022-08-15T05:03:19-06:00By |Condo Insurance|Comments Off on Is condo insurance more expensive than a house?
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