At GEICO we're committed to helping customers like you get the best coverage possible for their home, whether it's a single family house, a townhouse, or a condo. You can learn about condominium insurance below, then get a free rate quote to see how we can help you protect your residence and your belongings.
You own a condo and the association has insurance. So why do you need insurance, too? Your condominium association insurance covers the condominium building, commonly owned property, and liability insurance for the association. But that insurance doesn't cover losses to your unit as a result of a burglary, if water damage ruins your living room walls, or if someone slips on your wet kitchen floor and is injured. That's why you need condominium insurance designed specifically for condo or co-op owners.
Condominium policies protect you from losses to your personal property and the interior of your unit. You will also have liability protection for bodily injury or property damage to others. It's easy to get a quote for a condominium insurance policy that will provide these coverages.
The articles of the condominium association and state law determine exactly which building components are covered under the association's master insurance policy. In most instances the association's coverage stops inside the exterior walls meaning that you are responsible for the interior walls and possibly for fixtures, as well as your personal property and liability exposures. This is where your own personal condo policy would come in.
GEICO will help you secure a high-quality condominium insurance policy at a great rate. On top of that, you'll have access to our highly-trained service agents who can help with any questions or changes you might have, whether they're general or specific to condominium insurance.
Please note:
The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.
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