Condo Insurance in Pennsylvania

Condo insurance is similar to home insurance because it protects your property, possessions, and liability related to the property. The primary difference between home and condo insurance is that the condo homeowners' association master insurance policy covers some parts of the property while your condo policy covers the remainder.

Master Versus Personal Policies

In Pennsylvania, the association's master policy covers the grounds, tennis courts, swimming pools, amenities, and different elements of the buildings. "Bare walls" master policies cover the building exterior and common stairways, while "all in" policies may also cover interior walls, fixtures, appliances, and flooring. Your Daniel Fitzsimmons Agency team, serving Dresher, PA, can review your condo's master policy to ensure you obtain the right condo coverage.

Your personal condo insurance policy will cover improvements you made to the property, especially if your master policy is "bare walls." In addition, your policy will protect your personal property, possessions, and liability, just like a home policy.

Optional Condo Coverage

Besides the standard coverage, condo insurance options to consider include:

• Optional loss assessment: This covers some assessments levied by the association.
• Full value personal property: This covers the total replacement value of your personal property regardless of age or depreciation.
• Loss of use: This covers living expenses if you must live elsewhere while covered repairs occur.
• Umbrella insurance: This covers liabilities exceeding your condo and auto policy limits, plus other benefits.
• Valuables rider: This covers personal property such as artwork and jewelry.
• Flood and sewer: This covers water damage beyond that covered by base condo insurance.

You may also need extra coverage if you rent the condo to others.

The Daniel Fitzsimmons Agency Difference

Condo insurance in Pennsylvania has numerous options, so working with an insurance team that understands your needs and designs a policy to meet them is essential. Our team at the Daniel Fitzsimmons Agency, serving Dresher, PA, will work with you to create the condo insurance that best fits your situation.