As the owner of a condominium unit, your insurance needs are different from other homeowners. Here’s why: A master policy purchased by your condo association covers your unit’s building, the common areas, and the unit owners’ collective liability. But that policy does not cover damage to your personal belongings or property within your unit that is caused by vandalism, theft or fire. Nor does it cover your personal liability in the event of a lawsuit. The condominium unit owner’s policy can provide the protection you need at a price you can afford.
Condominium unit owner’s policy can cover:
Personal liability coverage can provide you and your family with financial protection if someone is accidentally injured or their property is damaged:
Your policy may also cover:
Some optional coverages include:
Replacement Cost Contents - eliminates depreciation on the contents of your home.
Valuable Items - provides broader coverage for special property such as jewelry, silverware, fine arts, furs, cameras, guns, musical instruments, and personal computers. There are limits in all condominium insurance policies for these items. We can help you fill these gaps.
The condominium unit owner’s policy is competitively priced. And to make it even more affordable, Clarke and Sampson offers ways to reduce the cost of your insurance with a wide range of discounts if your condo is equipped with: