Condominium Insurance Information
Colorado State Insurance serves both our clients who have personal as well as business interests in Colorado. We are an agency whose sole purpose is to provide educated advice and prompt service to our clients. Our outstanding products include auto, home, business, investment properties, rental insurance, and recreational. We have all the right products to insure all types of risks, big or small. Proudly serving the Denver Metro Area, Littleton, Aurora, Castle Rock, Arvada and Lakewood, Highlands Ranch and all cities in Colorado.
What is condominium insurance?
Condominium insurance is similar to homeowners insurance but is designed for the specific needs of condo living. Many families choose condos because of the convenience of on-site maintenance and access to community amenities. In this environment, the main structures of all buildings and common areas are covered by an insurance policy held by the condo association. However, a personal condo insurance policy may cover property damage and liability risks of the unit owner.
Who benefits from condominium insurance?
Condo insurance is beneficial for all condo owners as well their visitors. In fact, most mortgage companies require condo owners to purchase a policy for the duration of their loan. Condo insurance may cover damaged, lost or stolen property due to fire, theft or natural disaster. This protection could extend to interior furnishings, including walls, flooring, ceilings, appliances and fixtures.
In addition, this type of policy could cover you against liability claims. If you are found liable for a visitor’s injury, condo insurance could cover associated medical expenses and/or legal fees.
How much condominium insurance do you need?
The necessary amount of condo insurance largely depends on the value of your possessions. By determining how much it would cost to replace your possessions, you can estimate the policy size that would be appropriate for your individual needs.
Call us today to learn more about protecting your home with condominium insurance.
Thank you for your interest in Colorado State Insurance. We work with multiple A+ rated carriers to bring you the best coverage and the best rates. Please feel free to contact us at 303-647-1172 or email us your questions and an insurance professional will reply promptly.