Arizona Condo InsuranceWe know Arizona Condo Insurance

Condo Insurance policies are unique and condo coverages can vary from company to company. Arizona Condo Insurance can provide coverage for personal property, medical payments, personal liability, building property coverage also known as building alterations, additions and improvements and loss assessments coverage.

Condo Insurance Coverages

Personal Property

It is important to protect your personal property such as furniture, appliances, electronics, clothing, and much more.  Personal property 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 aka “Inside Walls Coverage”

Some condo associations possess a master condo association insurance which typically insures the outside of the structure to the inside walls of the condo unit.  As the owner of the condo unit, you may find it is your responsibility based on the condo association agreement to purchase insurance for the interior of your unit sometimes referred to as “walls in coverage”.  If you have upgraded cabinetry, floors and fixtures, condo building coverage protects these investments.  Make sure to consult your homeowners association or HOA CCR’s agreement to determine what the association policy covers and what you are responsible for.

Loss Assessments Coverage

If common areas are damaged, your condo association may levy loss 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.  Loss assessment coverage is also available to protect you against certain assessments that may be levied by the association.

Protect yourself and your guests in case of injury

Your condo insurance policy can protect you and your family against bodily injury and property damage claims and any litigation that may result.  In addition, you can select medical payments coverage which will pay for medical expenses incurred by a visitor who is injured at your residence. Consult your agent for additional information.

Extra coverage doesn’t have to cost a lot

Many people supplement their condo insurance coverage with a personal umbrella liability insurance policy.  Personal umbrella insurance is a type of insurance designed to add extra liability coverage over and above another insurance policy, such as auto or condo insurance coverage.  If you own jewelry, artwork, antiques or collectibles, valuable articles coverage would be important for you protect those items in the event of theft, mysterious disappearance or other covered peril.

Unique condo insurance options to fit your individual needs

Call Greene Insurance Group regarding Arizona Condo Insurance to identify the best combination of coverage, value, and price for you. We can help make sure your condo insurance individually meets your needs.

Call us at 480-657-2800.