Palm Valley Condominium Insurance Coverage

Condo insurance, also known as HO6 insurance, is the best way to protect your condominium unit. It typically covers the individual condo unit, your personal property or contents, and liability. Think of condo insurance as your Florida homeowners insurance but for a condo unit. As a homeowner, you are always responsible for everything inside and outside of your home.

Condo unit owners are only responsible for things on the inside of the unit. Your condo association master policies should cover the exterior of the structure as well as common grounds. This is why HO6 insurance (also named peril condo insurance) only needs to extend to the interior and all personal belongings within the condo unit. You can easily obtain a Palm Valley condo owner’s insurance quote from one of our licensed agents when you call Harris Insurance.

What is Covered by Condo (HO6) Insurance?

Insurance companies will cover condo owners when their condo and personal property is damaged through certain events. These types of events must be sudden and accidental. If poor maintenance has caused an issue, you will not be covered, nor for intentional acts.

Typically, condo insurance covers:

• Fire
• Lightning
• Windstorm
• Hail
• Theft
• Falling Objects
• Explosion
• Vandalism
• Electrical Current
• Aircraft
• Riot
• Water from Appliances, Plumbing or Sprinklers
• Smoke
• Freezing of Plumbing
• Weight of Ice, Snow or Sleet
• Vehicles Not Owned or Operated by You
• Volcanic Eruption

Condo Insurance typically does not cover:

• Flood (always a separate policy)
• Pollutants
• Mold
• Uninsured Animals
• Overflow of Sump Pump
• Wear and tear
• Cracking of Pavement, Walls, Roof, or Ceilings
• Intentional Losses
• Vandalism When a Property Has Been Vacant for Longer Than 30 Days
• Destruction or Confiscation by the Government
• Power Interruption Taking Place Off-Premises
• Collapse, Unless Caused by a Basic Peril
• Freezing in a Vacant Home
• Nuclear Hazard
• War, Earthquake

Types of Condo Coverage in Palm Valley

You will want to check your HO6 insurance and your condo master policy to prevent any gaps in coverage. Condo owners have different needs, and there are different endorsements that can be added to reflect what it is that you need in your HO6 condo insurance.

Condo Dwelling – This policy covers permanently attached items within your condo. Things such as floors, walls, cabinets, ceiling fans, counters, window treatments.

Condo Contents – A condominium association does not cover owner’s personal property. Condo insurance does cover personal insurance coverage for furniture, TVs and other electronics, and anything else that you have furnished your unit with.

Condo Liability – This provides you coverage if you are liable for property damage or injury to others. This is an important coverage especially when your unit has a rental exposure.

Additional Living Expenses – Also known as loss of use coverage, this coverage provides for you if you cannot live in your condo because damage has made it unlivable.

Florida Condo Flood Insurance – Most condo associations do provide flood insurance for the building, however, your personal belongings, and the interior of your condo, are not covered by the association master flood policy.

Medical Payments Coverage – If a guest incurs bodily injury, your condo insurance medical payment portion is important. This type of coverage does not cover family members' medical bills as these would be covered under their health insurance.

Condo Hazard Insurance – This type of insurance is available to condo owners for any hazards not listed explicitly in any other policy. These might include extra coverage for vandalism in high crime neighborhoods, hurricane coverage, and more.

It is easy to see why you would need condo unit owners insurance in Palm Valley. You protect yourself in every other way, and you want full protection when it comes to the place you call home. Think of your personal condo insurance policy as you would a traditional homeowners insurance policy.

Everything that is important to you and your life is given protection under a condo insurance policy. At Harris Insurance, we have been protecting clients since 1965. Our licensed insurance agents will answer all of your questions about what you need when it comes to condominium insurance.

We work with over 150 insurance companies, all to provide our customers with the very best in insurance for all their needs. Contact us today and we will work with you to find Palm Valley condo insurance for you and your family.