What Does Condo Insurance Cover?

Owning a condo is a bit different from owning a stand-alone home. If you own a condo, you may wonder what condo insurance covers. At Armadillo Insurance Agency in Austin, TX, we offer condo insurance.  

Condo Insurance Basics 

When you purchase a home, you own the entire property. However, when you buy a condo, you purchase a unit within a larger building. 

How does condo insurance work? You’ll need a policy covering your condo’s interior and personal belongings. You may also get other coverage. 

Interior Fixtures 

This coverage will depend on the type of insurance master policy the building has. If it’s not covered under the master policy, you will need a policy that covers the interior fixtures of your condo, including sinks, flooring, and interior walls.  

Personal Belongings

Your condo insurance policy will cover your personal belongings, including valuables like electronics, jewelry, appliances, furniture, and clothing. 

If your condo is damaged, your policy will cover replacing these items if they are damaged. 

Liability Coverage

Like a homeowner’s policy, your condo policy provides liability coverage. If someone is injured on your property, liability coverage will cover their expenses. It also covers any accidental property damage that happens in your condo. For example, liability coverage will cover their medical expenses if someone slips on your floor and hits your head. 

Loss of Use Coverage 

You can choose to get loss-of-use coverage. If your condo is temporarily unlivable, this coverage will cover your living expenses, including rent or hotel expenses, meals, and transportation. 

Condo Insurance at Armadillo Insurance Agency

If you need condo insurance in Austin, TX, contact Armadillo Insurance Agency. Our experienced agents are here to discuss your needs and help you select the best policy.