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 [...]
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 [...]
If you own an individual condo or townhouse, you need to purchase an individual HO-6 condo insurance policy. This policy is specifically designed for condo and townhouse unit owners. Your individual HO-6 condo insurance policy will provide coverage for your personal property, loss of use, liability, and medical expense, as well as [...]
Unlike homeowners, condo dwellers don't own the building they live in or the land it sits on. Your master policy will cover the condo building and common areas, but you'll need to put together a condo insurance policy to protect your unit and personal belongings inside. Although it may not be required [...]
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 [...]
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 [...]
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, [...]
If you own a condo and live there as your primary residence, you need to have an individual condo insurance policy. This is similar to a homeowner's insurance policy but is specifically designed for Condo Owners. An individual condo insurance policy is known as an HO-6 policy, or HO6 condo policy. The [...]
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 [...]
Yes, water damage from a leaky pipe can be covered by your HO-6 Condo Insurance Policy. The damage needs to be sudden and accidental, like a burst pipe. Damage caused by slow water leaks over time will typically not be covered. Flooding from an outside source will typically not be covered. Condo [...]
