10/08/2026
With a condo policy you own a portion of the building. So, in your unit, you typically would own your flooring, inner walls, and fixtures.
It is important to make sure you have enough coverage in the event of a loss. Having enough coverage to replace your personal items is essential. Having liability coverage on your policy is key. You always must be prepared for the unexpected.
There is also loss assessment coverage, which comes into play when there is a large loss on the building or within the communal area of the condo building. Typically, there is a master policy, but the master policy does not always cover everything. Knowing where the master policy ends and where your condominium policy begins is important.
If you have questions about your condo policy, give us a call today at 502-637-4733.
