Personal Property Coverage

A condominium unit owner policy can provide coverage for your furniture and personal possessions against covered risks, such as fire, lightning and hail. Also known as “contents coverage,” it can help ensure that your property is protected up to the amount of protection you purchase.

Theft Protection

The condominium unit owner policy can also protect your property against many types of theft loss in your condo or anywhere in the world. Also included is coverage that can pay for theft from your unattended car or boat.

Special Limits of Liability for Certain Possessions

Most condo policies include special limits of liability for certain types of property. For example, $200 for money and coins, and $1,000 for theft of jewelry, watches or furs. You generally can choose to increase these amounts.

Personal Liability Protection

If a claim is brought against you or you are sued for accidentally hurting other people or damaging their property, liability coverage can help to cover the associated legal costs and related damages. Most condo unit owner policies provide $100,000 (minimum) in personal liability coverage for covered bodily injury and property damage sustained by others for which you or covered residents of your household are legally responsible.

Medical Payments

Most liability coverage can pay up to a certain amount per person in necessary medical expenses — regardless of your legal responsibility — for guests who are accidentally injured on your property. It also can provide coverage in other situations as well. Higher coverage amounts are available.

Damage to Property of Others

Generally, should you accidentally damage someone else's personal property while that property is in your care, your condo owners policy can pay up to a certain amount for each covered occurrence.

Condo Additional Living Expenses

If your unit is damaged and you have to move out while it's being repaired, loss of use coverage can help. The policy can pay for additional necessary living expenses (which can include hotel, meals, laundry, etc.), up to a percentage of the contents coverage amount you selected. This is subject to coverage terms and limits.

Dwelling, Additions and Alterations



A condo unit owner’s policy can also provide coverage in other situations as well. According to your condominium declaration and/or bylaws, and/or the state where you live, you may be responsible for interior parts of your unit such as glass, walls and doors. Additions, alterations and other improvements made to your unit can also be covered up to the dwelling coverage limit.

Loss Assessment Coverage

Generally, condominium insurance can provide up to a certain amount of protection if damage to commonly owned property exceeds the amount of coverage in the condominium association’s insurance policy. If your condo association assesses all unit owners for the additional loss (or for personal liability claims against the association), this coverage can help. This amount may be increased.