Insurance
Condo Insurance
Condo insurance generally helps protect the interior of your unit, your personal belongings, and personal liability. The condo association’s master policy covers common areas and may cover parts of the building.
What to consider
- 01Review what the association’s master policy covers before choosing your own limits.
- 02Ask about loss assessment coverage for shared-area claims.
- 03Include upgrades and improvements to the unit in your coverage review.
Through a military lens
If you move on orders and rent your unit out, the coverage you had as an owner-occupant may no longer fit. Review the association’s rules and your policy with the provider.
Questions, answered
Doesn’t the association’s policy cover me?
It generally covers common areas and may cover the building, but usually not your interior improvements or belongings. Review both policies together.
What is loss assessment coverage?
It may help when the association assesses unit owners for a covered loss to shared areas. Ask how it applies in your community.
Draft educational guidance for owner and factual review before publication. Policy terms, exclusions, and state requirements vary. MilitaryInsure is not a carrier or licensed insurance agency and does not provide individual insurance advice.