With other companies, condos and town homes can sometimes be difficult to insure because of value, exposure in multi-story buildings, common-grounds ownership, downtown locations, and other factors such as condo units that were converted from previously-existing apartments.
We have multiple markets and companies to solve this problem.
Condos and town homes have policies similar to traditional homeowner and dwelling policies, but with several significant differences. Because there is normally an HOA (Home-Owner’s Association) or COA (Condo-Owner’s Association) invloved which provides a blanket policy for exterior insurance, individual policies do not provide for coverage for any loss happening to the exterior of the building(s) such as vandalism, fire, roof replacement, and so forth. Instead, the coverage is designed to protect the interior of the property against smoke damage, fire, loss of personal property, loss of use, water damage, and similar perils.
Some of the things to consider when selecting the appropriate amount of insurance are:
- The amount of personal property you have (including ‘scheduled’ property)
- The cost of rebuilding the interior, including flooring, cabinetry, paint, and all appliances and fixtures
- Any Personal Liability you have due to pets, guests, or other personal exposures
It is VERY important to select the appropriate coverage as HOA’s and COA’s can vary a great deal and you need to make certain that you are protected appropriately. We commonly insure:
- Downtown or Suburban Units
- Values up to $1M
- High-Rise and Multi-Story Units Okay
- Seasonal, Tenant, or Second-Home Occupany
- Personal Property Coverage Available
- Monthly BIlling
- Older Units Okay
- Multiple Carriers To Select From
- Owner Liability Available
Call us today at (512) 986-6124 to discuss any specific needs that you may have or to receive a quote from multiple carriers.