Personal Insurance Solutions

Condo

Owning a condo unit creates some unique risks.  Some risks are shared with other owners, such as damage or injuries which occur outside or in a common area.  Other risks are the unit-owner’s responsible to insure against such as damage to your unit or an injury which occurs within it.

This unique risk requires a slightly different policy called a Condo Unit-Owner policy or HO-6.  While similar to a traditional single-family home in some respects, there is additional language and coverages designed for a condominium.

Similar to a homeowner policy, a personal lines condo policy will cover your belongings and liability as well as the part of the building for which you are responsible.

Some coverages to consider when reviewing a condo policy are as follows.  An Aronson Insurance agent can help you review your condo by-laws to determine what part of the building is your responsibility as well as your other insurance needs.

• Building coverage
• Personal property
• Personal liability
• Loss assessment
• Flood & earthquake
• Cyber insurance
• Identify theft