Arizona Condo Insurance Options:

Personal Property Insurance – If you own a Condo in Arizona, it is important to protect your personal property such as furniture, appliances, electronics, clothing, and more. Personal property with replacement cost coverage is important so that in the event of a covered loss, you are reimbursed for full replacement cost value without regard for depreciation.

Condo Building Property Insurance aka “Inside Walls Coverage” – Insurance coverage for the interior of your condo unit, sometimes referred to as “walls in coverage”, is optional and important protection to protect the inside of your condo unit after a loss occurs. For example, If you have upgraded cabinetry, flooring and fixtures, Condo Building Property Insurance or “inside walls coverage” can provide the extra protecttion for these investments. Make sure to consult your condominium association or HOA Bylaws & CCR’s agreement to determine what the association policy covers and what you as the condo unit owner are responsible for. As the owner of a condo unit, it is your responsibility to review the condo association’s master insurance policy and bylaws. This will help you select the right condo insurance coverage.

Loss Assessments Coverage – It is important if you own a condominium located within a condo association, you obtain loss assessment coverage.

Loss Assessment coverage can help prevent a condo owner from paying out of pocket if their association issues a special assessment.  Loss Assessment Coverage is often an optional, but important coverage that should be considered when purchasing insurance. To help determine how much loss assessment coverage you should add to your condo insurance policy, you’ll want to take a look at your condo association’s master insurance policy to learn what its coverage limits are and whether special deductibles apply for certain hazards. 

Personal Liability Insurance – If someone is accidentally injured while visiting your condo and you are at fault, this coverage may help you pay for related legal expenses or your guest’s resulting medical bills.

Guest Medical Insurance – If a guest is injured at your home, guest medical coverage may help pay for related medical expenses even if you are not at fault..