Condo Insurance
Condo Insurance Quotes
Simple condo insurance packages for a simpler life
That’s what you will get from a quality insurance company, and it doesn’t need to be the cheapest or the most expensive policy. In fact, you can save money on condo insurance and get top coverage by shopping several quality insurance companies.
What you don’t want to do is to waste your time shopping.
You can easily shop the best condo insurance companies by hiring an experienced insurance agency that has access to many insurers. How can we be so sure? Because we are that agency:
Insuremart has direct access to
over
100
insurance carriers
Nobody can sell for less, and we work for you.
Why waste your time shopping for condo insurance? There’s a better way.
What does condo insurance cover? What are the limits and deductibles?
Personal Property Coverage: Covers the cost to replace belongings inside your condo. Make sure to disclose any valuable personal property when getting quotes and ensure the policy you sign includes coverage for those items.
Typical limits: $20,000-$50,000 – higher limits equal higher premium.
Typical deductibles: $500-$1000 – lower deductibles equal higher premium.
That’s because higher limits and lower deductibles put more risk on the insurer while reducing your risk.
Liability Coverage: Covers injuries to others in your condo. Can also include damage to property owned by others that you damage regardless of where that item was when damaged.
Typical limits: $100,000-$300,000
Typical deductibles: $0-$500
Loss Assessment Coverage: If the common areas of your condo complex are damaged and your condo association’s insurance doesn’t fully cover repairs, they can impose a special assessment on the condo owners to cover the remaining liability. This coverage will help pay your portion of the special assessment.
Typical limit: $1,000
Typical deductible: $0
How much is condo insurance?
Good to know: Insuremart works with over 100 insurance carriers. Nothing gives you an advantage when buying Condo insurance — or any insurance — like a great agent and more options. Talk to our agents.
We can provide averages here, but geography, location, and size, among other criteria, will determine cost of condo insurance.
Average cost: $400-$500 per year
Consider low-cost add-ons
- Water Backup Coverage: Covers your condo from damage caused by sewer or drain backups.
- Additional Living Expenses Coverage: Coverage will help pay expenses to live elsewhere if your condo becomes unlivable due to a covered claim.
Get a Condo insurance quote from Insuremart right now. Our agents are ready to help.