Condo and Townhome Insurance
Condos are unique. Find the coverage you need. Serving Plymouth and all of Minnesota.
Your condo/townhome insurance policy covers your personal property and liability, as well as any additions, alterations and improvements you make to your unit that are your responsibility based on the condo/townhome association agreement.
Optional loss assessment coverage is also available to protect you against certain assessments that may be levied by the association. You would be compensated for additional living expenses incurred should you need to vacate your condo/townhome after a covered loss.
Let Affiliated Insurance Services, LLC help you find the right amount of coverage to suit your insurance needs Minnesota. Call us today at 763-551-1300 or request a free quote online.
What Does Condo and Townhome Insurance Cover?
Condo/townhome insurance provides coverage for your personal property and much more. For a few more dollars, you can elect to carry Full Value Personal Property which ensures that you are reimbursed full replacement value without regard for depreciation after a covered loss.
If you have upgraded cabinets or put in hardwood floors, condo/townhome building item coverage protects these investments. Be sure to consult your HOA agreement to determine what the Association policy covers and what you are responsible for. If common areas are damaged, your condo/townhome association may levy assessments against all the owners to pay the deductible on their association policy.
Various limits of loss assessment coverage are available. Be sure to consult the HOA agreement to determine the potential for such assessments.
Your condo/townhome insurance policy also protects you and your family members against bodily injury and property damage liability claims and any litigation that may result subject to the limits you select.
In addition, medical payments coverage which will pay for medical expenses incurred by a visitor who is injured at your residence regardless of fault. Various limits are available.
Affiliated Insurance Services, LLC can help you determine your coverage needs to make sure you’re properly covered. Call us at 763-551-1300 or contact us online.
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