Condo or Townhome Insurance Quote Request
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Even though Condo owners pay a mortgage and make their own repairs like any traditional homeowner would, they share some similar circumstances similar to those of renters. This is because their home is attached to other condo owner's homes and they share a building or complex. This creates some unique circumstances and risks. Iowa Insurance Store LLC can help build a Condo Owners policy that fits the needs of your Iowa condo.
Condo Association insurance can help but it often is meant for the building itself rather than what's inside. This is where a condo insurance policy is different from a homeowners policy because you usually will just need to cover the valuables inside your condo.
Townhome and Condo Insurance
Let our insurance specialists explain how a condo insurance policy is tailored to your needs for coverage of valuables, appliances, property and the interior of the condo.
At Iowa Insurance Store, we have the experience and insurance companies to make sure you have all of what's important to keep you protected. We service the Clive, Iowa including the Clive, Des Moines, Urbandale, West Des moines, and Windsor Height areas.
What is condominium insurance?
Condominium insurance is similar to homeowners insurance but is designed for the specific needs of condo living. Many families choose condos because of the convenience of on-site maintenance and access to community amenities. In this environment, the main structures of all buildings and common areas are covered by an insurance policy held by the condo association. However, a personal condo insurance policy may cover property damage and liability risks of the unit owner.
Who benefits from condominium insurance?
Condo insurance is beneficial for all condo owners as well their visitors. In fact, most mortgage companies require condo owners to purchase a policy for the duration of their loan. Condo insurance may cover damaged, lost or stolen property due to fire, theft or natural disaster. This protection could extend to interior furnishings, including walls, flooring, ceilings, appliances and fixtures.
In addition, this type of policy could cover you against liability claims. If you are found liable for a visitor’s injury, condo insurance could cover associated medical expenses and/or legal fees.
How much condominium insurance do you need?
The necessary amount of condo insurance largely depends on the value of your possessions. By determining how much it would cost to replace your possessions, you can estimate the policy size that would be appropriate for your individual needs.
Call us today at (515)964-2927 to learn more about protecting your home with condominium/townhome insurance.