Condo
Condo insurance is an essential form of coverage—even if your condominium association carries its own master policy. While the association’s insurance typically covers the building structure and common areas, it often does not protect the interior of your unit, your personal belongings, or your personal liability exposure.
A condo insurance policy helps protect your personal property, interior finishes, and improvements within your unit. It also provides liability coverage in the event someone is injured in your unit or you are held responsible for property damage to others. Common losses such as theft, water damage, or accidental injuries are often not fully covered by the association’s policy alone.
At ISU Elite Insurance, we help condo owners review their association’s master policy and tailor individual condo coverage to help fill gaps and avoid unexpected out-of-pocket expenses.
Most Condo Policies Provide Coverage For Losses Caused By:
- Fire or Lightning
- Windstorm
- Smoke
- Vandalism or Malicious Mischief
- Theft
- Accidental Discharge of Water
Coverage may vary depending on the association’s bylaws and the type of master policy in place, making it important to coordinate your personal condo insurance with the association’s coverage.