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Brick Wall Building

Condominium Insurance

Condo Insurance – Protect Your Investment with the Right Coverage

 

Has Your Agent Asked for a Master Policy?

 

If your current agent hasn’t asked for your condominium’s master policy, they might not be fully protecting you. Many condo owners assume their association’s insurance covers them completely—but this isn’t always the case. Understanding how your condo’s master policy works is critical in determining the right personal condo insurance for you.

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Understanding Your Condo’s Master Policy

 

Your condominium association carries a master policy, which insures the building and shared areas. However, these policies vary in terms of what they cover, and gaps could leave you exposed to unexpected costs.

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The two most common types of master policies are:

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  • “Walls-Out” (Bare Walls) Coverage
    Covers the structure of the building and shared spaces but does not include interior elements like floors, walls, cabinets, or fixtures within your unit. In this case, you’ll need more extensive condo insurance to cover everything inside.

  • “Walls-In” (All-Inclusive) Coverage
    Covers some interior elements, such as plumbing, electrical, and built-in appliances, but not personal belongings, liability, or upgrades made to the unit.

 

Knowing which type of master policy your association carries will determine how much coverage you need for your personal condo policy.

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Why Loss Assessment Coverage is Crucial

 

Many condo owners overlook Loss Assessment Coverage, which protects you from unexpected shared costs. If your association suffers a loss—like a major storm damaging common areas or a lawsuit against the association—owners may be required to split the remaining costs. Loss Assessment Coverage ensures you aren’t stuck paying out-of-pocket for large, unexpected expenses.

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What Condo Insurance Covers

 

A properly structured condo insurance policy provides:

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✔ Personal Property Coverage – Protects your belongings, including furniture, electronics, and clothing, from theft, fire, and other covered risks.

✔ Interior Unit Coverage – Covers everything inside your condo not protected by the master policy, including floors, cabinets, and upgrades.

✔ Liability Protection – Shields you if someone is injured inside your unit and holds you responsible.

✔ Loss of Use Coverage – Pays for temporary living expenses if your condo becomes uninhabitable due to a covered loss.

✔ Loss Assessment Coverage – Protects you from unexpected costs your condo association may pass down to unit owners.

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The River East Insurance Advantage

 

At River East Insurance, we ensure your condo policy is tailored to your specific master policy, closing coverage gaps and providing the protection you need. Our independent agency works with top-rated carriers to find the best coverage at the best price, offering:

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✔ Expert guidance to navigate your condo’s insurance needs
✔ Quick response times for quotes and coverage changes
✔ A focus on making sure you’re fully covered—not just partially

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Get a Condo Insurance Quote Today

 

Don’t wait until a gap in coverage costs you thousands. Contact River East Insurance today for a personalized condo insurance quote! Let’s make sure you have the protection you deserve.

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Let us guide you in exploring insurance options tailored to your needs.

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Our Simple 4-Step Process to Get Insured

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1. Reach Out

Fill out our contact form or give us a call

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2. Personalized Insurance Review
Our experts will get to understand your unique needs and goals.

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3. Customized Policy Creation
We’ll design a tailored insurance plan. 

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4. Get Insured
Once you’re satisfied with your policy, we’ll finalize everything.

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Start the process today and experience the River East Difference!

Contact River East Insurance

What type of policy are you looking for?

If you prefer call / text us at (860)615-9980 or email us at support@rivereastinsurance.com.

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River East Insurance

545 N. Main St., Manchester, CT 06042

Tel: 860.615.9980

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