Unique coverage for a unique type of home.

Condominiums or “condos” are an interesting and popular home-ownership option that combines many of the benefits of living in a home with those of living in an apartment — generally shared services like garbage removal and landscaping (if needed).

Many people prefer condo living since you get the benefits that come with home ownership (like privacy and the chance to build equity) but you don’t have to deal with some of the work involved in having a house and property. It’s a very popular arrangement, especially in areas of higher popular density, like New Jersey and Pennsylvania, including areas like Princeton, Trenton, Brick, Seaside Heights, New Brunswick, and Mercer, Middlesex, Monmouth, and Ocean Counties, as well as Bucks County, PA.

But no matter where your condominium is located, you need to make sure the dwelling, its contents, and your assets are properly insured with condominium insurance.

A condominium insurance policy covers your personal property, such as clothing, furniture, and other possessions, and may pay for emergency expenses if you need to move while repairs are being made to the unit. This policy will also protect you for claims against you for bodily injury or property damage to others, including legal defenses.

In addition, loss-assessment coverage is available in the event the condo association is found liable for an injury claim that exceeds the master policy’s limit of liability payment. If your condo association is forced to assess all unit owners for the additional loss, you’ll be covered up to a specific amount.

Condo association insurance only covers so much.

Many customers ask why condo insurance is needed when their association has insurance. Although there is a master insurance policy in place, you still need coverage for your unit. An association policy typically covers the common areas and the walls of your unit. Some policies may include coverage for your floors, ceilings and installed appliances, but they usually won’t cover improvements you make — such as window coverings or expensive kitchen and bath upgrades — nor your personal belongings and your liability for injuries to others.

Call now to speak with a representative about condo insurance. Martin has the experience and expertise to protect you, your family, and your possessions. We invite you to find out more about the difference we can make in insuring what’s important to you. Please click here for a quote or give us a call at 800.353.5000.