Condo Insurance

Your condo association probably insures your building and the common areas, but protecting against damage inside your unit or covering the loss of your personal possessions is usually your responsibility. And what happens if you or your guest gets injured? That’s where Condo Insurance comes in.

Condo Insurance policy includes coverage to help pay for repairs and fix damage done to the inside of your condo unit. This is the main feature of a Condo Insurance policy.

Contents

Condo Insurance policy covers personal property, like your sofa and armchair set, flat-screen TV, laptop, tennis racket, and blender. This means your possessions are protected from damage and theft when they’re at home or with you anywhere in the world, from the next block over to another continent.

Personal Liability & Medical Payments to others

Your condo insurance also protects people. It protects you in certain situations if you’re held legally responsible for damage caused to someone else’s property. If a guest is injured while visiting you in your condo, they’re covered too. You and your family are protected against bodily injury, property damage claims, and litigation.

Loss of Use

If you’re unable to live in your condo while it’s being repaired or rebuilt after a covered loss, additional living expenses helps pay the cost of temporary housing.

Loss Assessment

Loss assessment coverage is an optional add-on to your condo insurance policy that can help in the event of an accident in a shared area of the condo property, such as lobbies, stairwells, pools, outdoor spaces and more. Ordinarily, the homeowners master policy provides coverage for incidents that occur in these shared areas; however, if the amount of the damages exceeds the master policy’s limits, the residents of the condo may end up having to contribute financially (whether they were involved or not). By adding loss assessment coverage to your condo insurance policy, you may be able to avoid paying out of pocket for these types of expenses.

While we are located in North Plains, Oregon, we serve clients all across Oregon, Washington, Idaho, Montana, & Utah.