Condo Insurance in Lubbock, TX
Condo Insurance: Coverage Fundamentals
Your Condo Association probably provides some level of rudimentary insurance coverage. Typically, such coverage is limited to one of the following three types of policy:
- Coverage for the complex’s primary building and common areas
- Coverage for each building and for items within each unit considered to be property of the condominium complex
- Coverage for each building, each individual unit, and for any fixtures or improvements to the unit made by the occupant
Condo Insurance Liability Coverage
Condo Association coverage also typically features a small level of personal liability coverage. For most occupants, however, this coverage won’t offer sufficient protection against every possible liability.
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Know Your Condo Association Coverages
If you’re a condo owner, it’s crucial to know the types and amounts of courtesy coverages provided by your condo association. Understanding those built-in coverages will help you make informed choices regarding condo insurance and the coverages you need to gain maximum protection.
Protecting Your Assets
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What Does Condo Insurance Cover?
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What Are The Exclusions?
As with home insurance policies, condo insurance doesn’t cover specific peril types:
- Floods
- Earthquakes and mudslides
- Settling
- Natural deterioration and neglect
- Birds, rodents, insects, and domesticated animals
Multi-Policy Discounts
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