How Condo Insurance Can Help You

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If you own a condo, you need insurance coverage that helps protect your place and your belongings—typically everything within the walls of your unit.

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Coverage can help you deal with financial losses if your condo or personal belongings are damaged or destroyed by weather events or disasters like a fire. Condo insurance could help cover:
 

• Replacing your property, from furnishings, TVs and appliances to your clothing.

• Interior additions or alterations coverage, which covers permanent structural enhancements that you make to your condominium, such as adding a bathroom, building a bar that is attached to the walls or removing or adding walls.

• The cost of temporary repairs that you make to your home to help protect it from additional damage.

• The cost to replace keys and locks after a theft.

• Reasonable emergency first aid expenses for people or pets.

• Additional living expenses, which may include the cost of living somewhere else while your home is repaired.

• Debris removal costs.

• An insured’s liability for the injury or harm to other people or property—anywhere in the world.

• Medical payments for someone hurt in an accident at your home or because of your actions.