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 Condo
associations insure your "outside."
You have to insure your "inside"
If you own a condominium, your condo association probably
has a master policy that insures all the property and common areas
that are collectively owned by the unit owners. These policies usually
cover the actual structure of your home, so you don't need to purchase
this coverage separately.
However, a condo association policy doesn't cover your personal property
or your legal responsibility and may not cover improvements or custom
work on your unit.
Our condominium programs are designed to protect your
prized possessions, protect you against any personal liability,
and provide assistance should your home become damaged or unlivable.
Homesite's Condominium policies include the following protections:
- Your personal property up to the limits you choose to purchase.
- Your primary dwelling (replacement cost value of your residential
unit and certain permanent attachments) up to $5,000 or 10%* of
your personal property limit, depending on the state you live
in.
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Coverage for loss of use (reimbursing you for expenses for loss
of use of your home caused by named perils up to 40%* of your personal
property limit with no time limit).
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Medical expenses (paying up to $1,000* per person if someone is
injured on your property).
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Liability exposures (protecting you against certain risks up to
$100,000* per accident for bodily injury or property damage).
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Expense of loss assessment by the association against the unit-owners,
up to $1,500*.
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Protection from damages resulting from freezing of plumbing, vandalism,
and other causes.
- Other dangers, including damage or loss due to
vandalism, malicious mischief, glass breakage and more.
Additional coverages are available for property such as personal
computer equipment, business property, jewelry, bicycles, cameras,
etc.
* Increased limits are available for additional
premium.
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