Do I Need Windstorm Insurance On A Condo


Do I Need Windstorm Insurance On A Condo

Condo Insurance In New York

Condos are a great alternative to renting an apartment or owning a single family home and they have their own unique insurance needs. So take a second to look around our site; you can learn about condominium insurance below, then get a free rate quote to see how we can help you protect your residence and your belongings.

Why do I need condo insurance?
You own a condo and the association has insurance. So what’s the big deal? Well, your condominium association insurance covers the condominium building, commonly owned property, and liability insurance for the association.

Unfortunately there are many cases where that insurance policy won’t cover you or your things — like a break in, water damage to your living room walls, or someone injuring themselves slipping on your wet kitchen floor. That’s why you need condominium insurance designed specifically for condo or co-op owners.

Condominium policies protect your personal property and the interior of your unit. You will also have liability protection for bodily injury or property damage to others. It’s easy to get a quote for a condominium insurance policy that will provide these coverages. Need help estimating the value of the contents in your condo or co-op? Try our easy to use personal property calculator.

What does a condo insurance policy cover?
The articles of the condominium association and state law determine exactly what’s covered under the association’s master insurance policy.

In most cases the association’s coverage stops after the exterior walls meaning that you are responsible for the interior walls and possibly for fixtures, as well as your personal property and liability. This is where your own personal condo policy would come in. Most policies will include coverage for losses arising from:

Fire or Lightning
Windstorm
Smoke
Vandalism or Malicious Mischief
Theft
Accidental Discharge of Water

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