Condo Insurance Overview
Condo insurance is different than homeowner’s insurance. Where your home will have its own policy, your condo insurance policy works in conjunction with your condo association’s master insurance policy.
Each association is different; therefore, the needs of each condo insurance policy are unique and require an expert to help you decide what kinds of coverage you will need. Our account managers are well versed in the coverage requirements of condos, and take pride in helping you navigate the confusing world of coverage, finding exactly what you need.
Condo Insurance Key Facts
Your condo master insurance policy only covers your condo complex, your building structure, and sometimes, the exterior of your unit.
Your master policy may not cover any damages or repairs within your unit.
If you have guests over your condo, personal liability protection will cover your legal responsibility for any accidents that occur to people or property caused by you, a member of your family or your pets.(maybe include the worldwide piece?)
Useful Information to Have on Hand
Your current condo insurance policy (if you have one)
Approximate year your condo was built
Number of units in your building
Estimated value of your personal property
Primary material on outside walls
Any home safety devices you have (fire extinguishers, smoke alarms, dead bolts, etc.)
Frequently Asked Questions
Doesn’t the association cover me?
The association is suggesting I get loss assessment coverage, what is that?
They want me to cover the deductible in the master policy, how do I do that? Why?
What does a typical policy cover?
Condo Insurance Service Area
The internet is simply amazing. It makes research, connecting, and shopping so much easier than just a decade ago. Consumers are getting more savvy and quite adept at comparison shopping and comparing services online before making final decisions on a purchase. As a...
If you have watched any television lately you know that there are a million commercials about auto insurance, life insurance, and homeowners insurance. It seems like the companies have some amazing taglines and jingles that stay in your head long after the commercial...
See what our clients have to say:
Get A Quote
At Phil Richard Insurance, we don’t believe in wasted time or money. If you’re here, you’re looking for savings, advice, and options. We provide all three. Please fill out the form below and someone will be in touch with you shortly.
27 Garden Street
Danvers, MA 01923
Monday: 9am – 4:30pm
Tuesday: 9am – 4:30pm
Wednesday: 9am – 4:30pm
Thursday: 9am – 4:30pm
Friday: 9am – 4:30pm
Sat – Sun: Closed