Condo COVERAGE

Condo insurance includes personal liability coverage, which can provide coverage if someone gets hurt while visiting. It can also provide coverage for your personal property, such as your furniture and electronics. Even if your condo association has insurance, you may still need condo insurance to help cover your personal property and personal liability.  

Personal Property Coverage

A condominium unit owner policy can provide coverage for your furniture and personal possessions against covered risks, such as fire, lightning and hail. Also known as “contents coverage,” it can help ensure that your property is protected up to the amount of protection you purchase.

Theft Protection

The condominium unit owner policy can also protect your property against many types of theft loss in your condo or anywhere in the world. Also included is coverage that can pay for theft from your unattended car or boat.

Special Limits of Liability for Certain Possessions

Most condo policies include special limits of liability for certain types of property. For example, $200 for money and coins, and $1,000 for theft of jewelry, watches or furs. You generally can choose to increase these amounts.

Personal Liability Protection

If a claim is brought against you or you are sued for accidentally hurting other people or damaging their property, liability coverage can help to cover the associated legal costs and related damages. Most condo unit owner policies provide $100,000 (minimum) in personal liability coverage for covered bodily injury and property damage sustained by others for which you or covered residents of your household are legally responsible.

Medical Payments

Most liability coverage can pay up to $1,000 per person in necessary medical expenses — regardless of your legal responsibility — for guests who are accidentally injured on your property. It also can provide coverage in other situations as well. Higher coverage amounts are available.

Damage to Property of Others

Generally, should you accidentally damage someone else's personal property while that property is in your care, your condo owners policy can pay up to $1,000 for each covered occurrence.

You could save when you bundle your condo insurance with other Travelers policies.

Available to customers who have purchased their home within the 12 months prior to the policy effective date.

Offered to eligible customers who have not experienced a loss within a specified time period.

You can save by having devices such as:

• Smoke detectors and fire alarms
• Interior sprinkler systems. Home security systems and theft alarms
• Smart or connected home technology, which alerts you that a fire or burglar event is occurring