As a condominium or co-op owner, you have unique requirements for protecting your property, because your building and your individual unit have separate needs.
Our home office, located in King of Prussia, PA, makes access to affordable Condominium/Co-op coverage convenient for all areas of the Delaware Valley, including Wayne, Norristown, Conshohocken, Plymouth Meeting, Phoenixville, Blue Bell, Broomall, Philadelphia and everywhere in between.
While your condo association may have an insurance policy, only a condominium policy bridges the gap between your condo association's master policy (which insures property owned by all unit owners) and your property and personal liability protection. A standard condominium owner's policy will include:
- Personal Property coverage
- Personal Liability protection
- Additional Living expenses
- Additions and Alterations
- Loss Assessment coverage
A condominium owner's policy provides coverage for your furniture and personal possessions. This usually includes coverage for hazards such as fire, lightning, windstorm, hail, explosion, collapse, smoke or vandalism. This is also called Contents Coverage and it ensures that your damaged or destroyed property is protected, up to the amount of the insurance protection you purchase.
Theft protection: the condominium owner's policy also protects your property against practically every type of theft loss in your condo or anywhere in the world. Also included is coverage for thefts from your unattended car or boat, even if there is no evidence of forced entry.
