Condo insurance covers what the association’s policy does not: the inside of your unit, your belongings and your personal liability.
What it generally covers
- Interior finishes, fixtures and improvements, depending on your association documents
- Your personal belongings
- Your personal liability
- Loss assessment coverage when the association bills owners after a covered loss
Where gaps often hide
- Your association’s documents decide what the association insures and what you insure
- Association deductibles can be passed on to unit owners
- Loss assessment limits can be low
- Flood is excluded
Questions worth asking
- What does my association’s master policy cover?
- Do I have loss assessment coverage, and how much?
- Who pays the association’s hurricane deductible?
General information only. Actual coverage depends on your policy, and coverage is not in force until confirmed in writing by the agency.