Condominium Insurance
Condo Association Got You Covered? Better Think Again.
If something happens to your condo or townhome, it may be up to you to replace things like drywall, flooring, cabinets, light fixtures, and more. That's where condo liability insurance comes in. Many condominium associations only insure the building's structure and common areas, typically leaving each unit's interior construction to the homeowner. (However, condo or townhome association coverages may also vary by state.)
For further explanation of condominium insurance coverage and frequently asked questions, read Allstate's Guide to Condo Insurance. [PDF]
Your Condominium or Townhome Insurance Policy Generally Includes:
|
- Personal Property Protection
Covers the loss or damage to your stuff
- Family Liability Protection
Provides legal representation and insurance against judgments
- Guest Medical Protection
Covers medical costs for visitors injured at your home
- Additional Living Expenses
Reimbursement for additional costs of temporary housing during reconstruction
- Building Property Protection
Condo owners are typically responsible for insuring their units, and the association is generally responsible for the exterior of the units and the association's property - though that may vary based on the individual state or association requirements.
Building property coverage helps protect real property you own (such as fixtures and other installations that are not typically considered personal property) from damage by events such as fire or vandalism. It typically does not include real property that the association or the other condo owners' units.
- Replacement Coverage
Many policies feature this coverage which allows you to receive the full purchase price of lost items at the time of the claim.
Insurance Discounts & Savings
We've got many ways you can save on the cost of condo insurance.
- Multi-Line (Condo & Auto) - Save up to 15% depending on the state in which you live as well as the type of condo (or townhome) and automobile you have.
- Protective Devices - Save up to 15% depending on the combination of installed protective devices you have.
- 55 or older and retired - You may save up to 10-25%.
An Allstate agent can work with you, explain different coverages, and help you determine which discounts you qualify for, and/or what level or types of condo insurance coverage you may want to consider.
Other Coverage OptionsLoss Assessment Coverage
This would help pay for your share of a loss assessment, up to your policy limits, when your association requires an assessment on all unit owners for certain covered losses.
Let's Get Started
An Allstate agent can help you determine which discounts you qualify for, and what level of coverage may be right for you.
Please see the disclaimers below.
The availability, qualifications and amounts of these coverages and discounts may vary from state to state. In addition, other terms, conditions and exclusions not described above may apply, and total savings may vary depending on the coverages purchased. In some states, we may offer coverages and discounts that are not listed here. For more information regarding your eligibility for certain coverages and savings opportunities, please contact your Allstate agent.
Excess Flood Insurance coverage may currently be available but only in the following states: Alabama, Alaska, Arizona, California, Colorado, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Louisiana, Maine, Maryland, Michigan, Mississippi, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Virginia, Washington. In order to qualify for an Excess Flood Insurance Policy, you first need to purchase a National Flood Insurance Policy through Allstate. Excess Flood Insurance is provided by one or more insurance carriers not owned by or affiliated with Allstate Insurance Company. Excess Flood Insurance is subject to availability and qualifications. Other terms, conditions and exclusions may apply. Contact your local Allstate agent to find out whether Flood Insurance coverages are available in your area.