Condo Insurance in Flower Mound, TX

Condo owners may not worry about maintaining an entire building, but you’re responsible for protecting what’s inside your walls. That’s where condo insurance can help. This policy picks up where your condo association’s master policy stops. It may cover your belongings, interior upgrades and liability against unexpected events that could lead to hefty out-of-pocket expenses.

Is Condo Insurance Worth It?  

Unlike homeowners insurance, which covers the entire building and property, condo insurance focuses on what’s inside your unit and areas not covered by your condo association’s master policy. It’s an essential safeguard against unexpected expenses like repairs, theft or liability claims that could arise in your living space.

This type of insurance is worth the investment for condo owners because it addresses gaps that a condo association’s master policy may not cover. If an incident damages your unit or someone gets injured in your home, condo insurance may prevent substantial financial losses.

What Does This Policy Cover?

Condo insurance typically provides three primary types of coverage:

• Personal property coverage may cover your belongings, like furniture, electronics and clothing, from fire, theft or other covered events.
• Dwelling coverage may cover the interior of your unit, such as flooring, countertops or built-in appliances, especially if you’ve upgraded these features.
• Liability protection may help with legal and medical expenses if someone is injured in your unit or if you unintentionally cause damage to someone else’s property.
• Loss-of-use coverage may pay for temporary accommodation, meals and other living expenses if your unit becomes uninhabitable due to a covered event.
• Medical payments coverage may cover minor medical expenses for guests injured in your condo.

Learn More

For expert advice on condo coverage options, contact Consolidated Insurance Markets today. Let our experts guide you in finding optimal condo insurance.