Get the protection you need for your apartment or condo.
Condo insurance to protect what's important.
The master condo policy typically protects only the shell of your unit, leaving your personal property and the unit interior at risk. We’ll make sure you understand your bylaws and have the protection you need.
Even though Condo owners pay a mortgage and make their own repairs like any traditional homeowner would, they share some similar circumstances similar to those of renters. This is because their home is attached to other condo owner’s homes and they share a building or complex. This creates some unique circumstances and risks. JMW Insurance Solutions can help build a Condo Owners policy that fits the needs of your condo.
Condo Association insurance can help but it often is meant for the building itself rather than what’s inside. This is where a condo insurance policy is different from a homeowners policy because you usually will just need to cover the valuables inside your condo.
Condo Insurance in California, Arizona and Nevada
Let our agents explain how a condo insurance policy is tailored to your needs for coverage of valuables, appliances, property and the interior of the condo.
At JMW Insurance Solutions, we have the experience and insurance companies to make sure you have all of what’s important to keep you protected. We service Riverside, California including Las Vegas, Nevada and Arizona.
What does condo insurance cover?
Your condo association’s insurance policy likely covers certain aspects of your condo, such as common or shared areas. As a result, it may cover your condo unit, but not any improvements you make or fixtures you add to the condo. It also won’t cover your personal possessions. Condo insurance is designed to make up for this shortfall. It’s a mixture of the better-known landlord insurance and renters insurance but is specially designed for your particular condo.
Condo insurance is important for residents of Riverside, CA and Las Vegas, NV. California condo insurance helps protect against damage to the property and personal belongings. It also covers the cost of repairs or replacement if necessary. Las Vegas condo insurance protects against fire, theft, and vandalism. It also covers the cost of repairs or replacement if necessary.
Protecting your personal property.
Condo Home Insurance your personal belongings inside your condo unit. That means everything from your appliances to your clothes will be covered in the event of a loss. Without it, you would have to replace your lost or damaged possessions out-of-pocket. Condo insurance covers damage caused by theft, fire, severe wind, lightning strikes, and frozen pipes. It’s important to note, however, that condo insurance does not usually cover flooding.
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Any betterments, improvements, alterations, or additions made to your condominium are subject to damage. However, it’s important to make sure they’re covered appropriately.
Be sure to obtain coverage for any betterments, improvements, alterations, and additions made to the unit. This includes, but is not limited to, kitchen cabinets, built-in wall units, wall-to-wall carpeting, wallpaper, paint, bathroom fixtures, tile and wood flooring, and more.
Unpredictable losses can occur to your property due to burglary, fire, water damage, storm, and more.
Personal property, such as furniture, rugs, TVs, stereos, clothes, and more may be covered under your basic insurance policy. However, items like jewelry, furs, silverware, antiques, collectibles, and other valuables should likely be insured separately.
Additional living expenses can be incurred if there is damage to your unit due to a fire, storm, or other event resulting in your need to live at a temporary residence.
Ensure you have the proper coverage in case you need to live elsewhere for a little while. Coverage usually includes hotel bills, restaurant meals, and other living expenses incurred while your residence is being repaired or rebuilt.
You're responsible if a guest in your unit trips and falls or sustains an injury while on your property or if you cause damage to other units.
Be sure that you have coverage for claims made against you for bodily injury or property damage caused by your negligence, whether intentional or not. This might include damage to other units in the building, perhaps caused by a leaking pipe in your unit or otherwise.
You're responsible if a guest is injured while on your property and you may be required to pay their medical expenses.
Ensure your insurance policy covers this risk. In the event a person is injured in your unit, he or she can submit medical bills to your insurance company. Medical expenses are usually paid without a liability claim being filed against you, with typical limits ranging from $1,000 to $5,000.
If your building owner or association suffers a loss and doesn't have adequate insurance coverage of their own, they may require you to help pay for the loss via an assessment.
Consider loss assessment coverage to protect yourself in the event of an assessment caused either by a property (building) or liability loss. A range of limits may be available.
Physical damage can happen in many ways. As one example, suppose a fire unexpectedly breaks out in the utility closet and consumes the building causing significant damage.
Be sure your condominium owner, association, or corporation carries a comprehensive policy to cover the risk of physical damage. It’s important to know what the policy includes and what it doesn’t, which could range from covering just the shell of the building to including things like floors and walls.
Liability coverage options.
In addition to property coverage, condo homeowners insurance policy may also include liability coverage. For example, if a guest is injured in your condo, it will pay for their medical expenses. It can also cover you in the case of a lawsuit if you are responsible for damages to another condo property. Living expenses may also be covered if there is damage to your condo unit that renders it unlivable.
Getting you the coverage you need for your condo.
It can be confusing to figure out exactly what coverage you need for your condo unit, so we will work with you to find the condo insurance policy that’s right for you. On top of that, we can show you just how inexpensive condo insurance is in comparison to the potential costs of replacing your personal belongings out-of-pocket.
We make the process straightforward and simple, going over what your condo association doesn’t cover and how your policy can fill in the gaps. Contact us today to discuss your condo insurance options.
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