While living in a condominium may feel like an extended vacation, you still need to consider how to protect your unit and personal property. Your condo or co-op association’s master policy covers the exterior structure, but the master policy doesn’t cover what’s inside your condominium unit.

Can a condo association insurance cover personal property?

Most condo association insurance policies won’t cover your personal property unless you can prove negligence. Your condo insurance may cover these items.

Where can I get condo insurance through GEICO?

A condo/co-op policy through GEICO Insurance Agency is also very convenient. It’s a breeze to pay your bill, report a claim, or make a change. Need to speak with us? Need to speak with us about condo insurance? Give us a call at (800) 841-2964.

What do you need to know when buying a condo?

The thick sheaf of association documents you receive when you buy a condo is something you really need to hold onto and study. This will help you determine what your insurance needs are. When you meet with your insurance agent, bring along the association documents so that you can make sure you’re getting adequate covereage.

While regular homeowners insurance covers damages to the home and contents, condo insurance, also known as HO6 insurance, covers property damage and liability risks for condo owners inside the condo only. When looking to buy condo insurance, review your condo association policy first. Notice the level of protection your condo association offers.

What kind of insurance do I need for a ho6 condo?

Condo contents insurance. Standard HO6 condo insurance covers floors, inner walls and light fixtures, but you may still want to cover your contents. That’s where personal property or condo contents insurance comes in. The personal property portion of your insurance protects furniture, clothing and electronics.

Who is covered by condo association liability insurance?

Directors and Officers Liability Insurance: With this condo association insurance protection, the directors of the condo association are covered against lawsuits. A director’s performance on the board could result in a lawsuit. As a director, you are responsible for making important decisions which you can be held liable for.

What’s the average cost of insurance for a condominium?

There are various dwelling coverage amounts, but all have a $1,000 deductible and the recommended amount of $300,000 in liability. If you’re wondering about what your specific condominium insurance cost will be, our condo insurance calculator lets you zero in on the average rates for where you live.