Condo Insurance Coverage
Association Policy covers common areas and property owned collectively- This type of policy is held by the condo association.
Personal Condo Owner’s Policy covers private property- property you have sole ownership of or are solely responsible
- Property Insurance
- Structures owned solely by you
- Portions of the unit- walls, flooring, partitions, built in appliances, etc
- Personal Property Insurance
- Personal possessions
- Additional Living Expense
- In the event that you are unable to live in your condo due to accidental damage, the insurance will reimburse you for cost of living and meals, or loss of rent if you are renting your unit to someone.
- Personal Liability Coverage
- Coverage for claims resulting from bodily injury to others or damages from property you own. Protects someone if they are accidentally injured in your home or if their property is damaged due to you, your family, pets, or personal activities.
- Medical Payments
- Coverage for medical expenses for bodily injury to others
- Loss Assessment
- Protection from bodily injury or property damage claims against the association
- Personal Articles Coverage
- Protects specific high-value items
- Additional Coverage Endorsement
- This protection extends limits on jewelry, guns, silverware
- Extends Personal Liability and provides Personal Injury Protection against slander, libel, defamation, or similar offenses
Call or email one of PGI’s independent insurance agents for your condo insurance quote today.