Condo insurance
When it comes to safeguarding your condominium unit and personal belongings, the right insurance policy is paramount. Let Univista guide you through the maze of available options to find a condo insurance policy tailored to your needs, balancing coverage and affordability.
Or call us at (305) 995-0032
We have partnered with +20 companies to bring you the best insurance at the best price.
Get a free quote today!
We will call you soon with options to assess.
We understand if you don’t want to input your personal information in the form above. In that case, just call us at (305) 995-0032
What is Condo Insurance and what does it cover?
Condominiums offer a unique living arrangement, nestled between renting an apartment and owning a home. While your condo association likely has insurance, it generally only covers the building’s exterior and common areas. This leaves the internal spaces—your living quarters—and your personal belongings potentially exposed.
That’s where condo insurance steps in. It provides protection for the interior of your unit, covering damage to walls, floors, built-ins, and personal property. Additionally, it can provide liability coverage in case someone is injured within your unit.
HO6 Condo Insurance Policy
Additional property coverages
When considering insurance, it is essential to know the various property coverage options available to meet different needs:
Homeowners insurance
For homeowners, this insurance offers broad protection for the primary residence, covering structure, personal belongings, and liability.
Renters insurance
Understanding the value of your possessions is essential. Your apartment or rental contains your valuable items. Renters insurance offers protection against unexpected events like theft or damage. With the right coverage, you can safeguard your assets efficiently and affordably, ensuring peace of mind.
Flood insurance
Homeowners policies usually exclude flood damage. If you live in an area prone to flooding, securing a separate flood insurance policy is vital to ensure your home and belongings are protected from water-related damages.
Landlord insurance
For property owners who rent out their property, landlord insurance is a must. It offers protection against potential damages to the property, liability claims from tenants, and even loss of rental income in some circumstances.
Homeowners insurance
For homeowners, this insurance offers broad protection for the primary residence, covering structure, personal belongings, and liability.
Renters insurance
Understanding the value of your possessions is essential. Your apartment or rental contains your valuable items. Renters insurance offers protection against unexpected events like theft or damage. With the right coverage, you can safeguard your assets efficiently and affordably, ensuring peace of mind.
Flood insurance
Homeowners policies usually exclude flood damage. If you live in an area prone to flooding, securing a separate flood insurance policy is vital to ensure your home and belongings are protected from water-related damages.
Landlord insurance
For property owners who rent out their property, landlord insurance is a must. It offers protection against potential damages to the property, liability claims from tenants, and even loss of rental income in some circumstances.
Condo Insurance FAQs
How does condo insurance differ from homeowners insurance?
Condo insurance specifically covers the interior of your unit and your personal belongings, while homeowners insurance generally covers the entire structure and the land it sits on. Another key difference is that condo insurance often works in tandem with a condo association’s policy, which usually covers the exterior and common areas of the building.
Isn't my unit covered by the condo association's policy?
Typically, a condo association’s policy covers the building’s exterior, common areas, and shared amenities. However, it doesn’t cover the interior of individual units, personal belongings, or personal liability. That’s where condo insurance comes into play, filling the gaps left by the association’s coverage.
What variables influence my condo insurance premiums?
Several factors can determine your condo insurance premiums, including the value of your personal belongings, any upgrades or renovations you’ve done inside your unit, the overall security of the building, the location of your condo (i.e., if it’s in a flood-prone area), and the coverage limits and deductibles you choose.
How can I maximize the benefits of my condo insurance?
To get the most out of your condo insurance:
Regularly update your inventory list to ensure all valuables are accounted for.
Consider adding endorsements for high-value items or specific perils not covered by a standard policy.
Review and adjust your policy limits as needed, especially after significant purchases or renovations.
Take preventive measures in your unit, like installing security systems or water leak detectors, which might also qualify you for discounts.
Regularly compare policies to ensure you’re getting the best coverage at the most competitive price. Remember, Univista can assist in searching for the ideal policy that meets your needs.
Still have questions? Speak to a Univista Insurance expert now.
Let us simplify the complexities and tailor solutions perfectly suited for you.
Subscribe to our newsletter
Our latest news and special offers just for you.
By subscribing you agree to receive information from Univista Insurance in your email.
Vehicle 
Home & Property 
Commercial 
Life 
Health