Condo insurance can:
Cover your personal property wherever you go
Pay for medical expenses if a guest is injured in your home
Cover living expenses if the condo's damaged
Why it's a good idea to get condo insurance
While your condo association (HOA) probably provides insurance for the actual structure of your condo, it's up to you to protect your personal belongings, liability, and any upgrades you make to your unit. The right condo insurance policy will work hand-in-hand with your HOA's insurance to make sure you're financially protected from loss, damage, theft, and unforeseen expenses.
And if you buy condo insurance through Esurance, you can file claims anytime with 24/7 customer service.
Before you shop for condo insurance, check on the specifics of your association's policy. From there you'll be able to assess what isn't covered, and build a condo insurance policy that fully protects your investment.
In most cases, condo insurance (also known as an HO-6 policy, "walls-in" insurance, or "studs-in" insurance) protects your personal property including TVs, laptops, and jewelry, depending on the level of coverage purchased.* Personal property coverage travels wherever you go, so if you've purchased coverage for your ring and it's lost or stolen while you're on vacation, your condo insurance will have you covered. If you choose full value protection when you get your quote, you'll be paid the full value of the lost property up to the limits you select.
When bad things happen to good condos
Though your HOA likely has its own insurance, there are times when significant damage might occur to your condo's common area or the overarching structure itself, and the master policy is unable to fully cover the cost. In these cases, unit owners are required to step in and make up the difference. Loss assessment coverage can protect you from this added expense, and it's worth considering for inclusion on your condo insurance policy.
Questions about condo insurance?
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If you have any questions about an existing condo insurance policy through Esurance, here's how you can get in touch.
Condo insurance policies are underwritten by one or more of the Safeco Insurance companies or Security First Insurance Company. This page provides a summary of typical coverages and is not meant to describe actual coverage under any individual condo insurance policy. Coverages, discounts, and billing options are subject to state availability, individual qualification, and/or the insuring company's underwriting guidelines. Terms, conditions, limits, and exclusions will apply. Rates are subject to change.
Policies purchased by residents of FL are underwritten by Security First Insurance Company. Policies purchased by residents of all other states, where available, are underwritten by the Safeco Insurance companies. Condo insurance claims are processed and paid by the underwriting company. Esurance provides customer service for policies underwritten by Security First Insurance Company, but does not underwrite or pay claims for those policies. Esurance does not underwrite, provide customer service, or pay claims for any condo policies underwritten by Safeco Insurance companies.
Answer Financial Inc. offers, among other insurance products and services, the condo policies underwritten by the Safeco Insurance companies through its licensed affiliate Insurance Answer Center, LLC (California License No. OB99714), in New York as Insurance Answer Center, LLC, an Insurance Agency; in Michigan as Insurance Answer Center, LLC, an Insurance Agency; and in Missouri as Answer Financial. Esurance Insurance Services, Inc. (California License #0G87829), offers, among other insurance products and services, the condo policies underwritten by Security First Insurance Company.
*Coverage for certain categories of property, like jewelry and electronics, may require that such items be specifically scheduled and subject to additional premium.