Condo Insurance

What Does Condo Insurance Cover?

Condo insurance covers your personal property and liability, as well as any additions, alterations and improvements you make to your unit that are your responsibility, based on the condo association agreement. Let Synergy Insurance help you find the right amount of coverage to suit your Florida condo insurance needs.

A standard condo insurance policy protects you and your family members against bodily injury and property damage liability claims and any litigation that may result, subject to the limits you select. In addition, you can select medical payments coverage, which will pay for medical expenses incurred by a visitor who is injured at your residence regardless of fault. Various limits are available, so call Synergy today to get the proper condo insurance policy.

Optional condo insurance coverage:

  • Medical payments coverage: This will pay for medical expenses incurred by a visitor who is injured at your residence, regardless of fault.
  • Loss assessment coverage: This coverage is available to protect you against certain assessments that may be levied by the HOA association. You would be compensated for additional living expenses incurred, should you need to vacate your condo after a covered loss.
  • Personal Property Replacement Cost Coverage: This ensures that you are reimbursed full replacement value without regard for depreciation after a covered loss.

Consult your HOA agreement to determine what the Association policy covers and what you are responsible for. If common areas are damaged, your condo association may levy assessments against all the owners to pay the deductible on their association policy. Various limits of loss assessment coverage are available. Be sure to consult the HOA agreement to determine the potential for such assessments. Synergy is here to answer any condo insurance questions and to help make sure you’re properly covered.

Contact us today to find the best combination of coverage, value, and price for you. We can help make sure your condo insurance continually meets your needs.

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