Condo Insurance
There’s a condo community to suit every preference—whether you’re drawn to a bustling downtown high-rise, a chic loft conversion, or a cozy complex nestled in a peaceful setting. Many condos offer attractive amenities like swimming pools and security patrols, and your homeowners association often handles gardening and exterior upkeep. All of this contributes to a lifestyle you’ll love.
But remember, your condo is more than just a home; it’s a significant investment filled with valuable possessions that you want to protect.
Condo insurance can provide coverage for risks such as:
Fire Damages Your Condo
Risk:
While you’re at work, a fire in your utility room spreads to multiple areas before it’s brought under control. Firefighters determine that the cause was lint buildup near your dryer’s heating element.
Coverage:
Your condo insurance can assist with damage to your interior, including built-in appliances and flooring, that isn’t covered by your association’s insurance policy.
Condo insurance can provide coverage for risks such as:
You May Need to Relocate During Repairs
Risk:
You’re unable to stay in your condominium while fire damage is being repaired, and the contractor estimates that the project could take several months.
Coverage:
Additional living expenses coverage can assist with the costs of temporary housing when a covered event renders your condo uninhabitable.
Condo insurance can provide coverage for risks such as:
A Guest is Taking Legal Action Against You
Risk:
You’re hosting an outdoor dinner party when part of your balcony gives way—while the injuries aren’t serious, one guest intends to file a lawsuit.
Coverage:
Liability coverage can safeguard your assets against legal claims arising from accidents that occur on your property.
Condo insurance can provide coverage for risks such as:
Your Guest Has Sustained an Injury
Risk:
You neglected to repair a loose tile that your visitor trips over, resulting in a broken arm.
Coverage:
Medical payments coverage can assist with expenses related to injuries sustained by a visitor at your home.
Additional Risks Condo insurance can also assist with:
Your Luggage Is Lost, Misplaced, or Stolen
Risk:
After a long international flight, you discover your suitcase is missing at the baggage carousel. Airline staff confirm it has been stolen.
Coverage:
Farmers can assist if your personal belongings are stolen—anywhere in the world—up to the limits of your condo policy.
Additional Risks Condo insurance can also assist with:
A worker in your home steals from you
Risk:
While you’re away on vacation, your housekeeper steals your jewelry and tries to make it appear as if it was taken by an intruder.
Coverage:
Your condo insurance policy typically includes coverage for jewelry and watches: up to $1,000 per item and a total of up to $5,000 for all items lost in such an incident.
Enhance value with multi-policy discounts
You'll receive the greatest value from Farmers coverage through discounts when you purchase multiple policies—make sure your condo insurance quote includes options for auto, umbrella, and life coverage.
Let us help assist you in planning your financial future.