Condo insurance

Condo Insurance

Condo living in Lubbock is different from owning a house, and your insurance needs reflect that difference. The condo association's master policy covers the building exterior and common areas, but it typically doesn't cover anything inside your unit walls or your personal liability. That's where condo insurance fills the gaps, protecting what you own and shielding you from liability claims.

Your condo policy covers your personal property, improvements you've made to your unit, and liability when someone gets hurt inside your condo. If you've upgraded countertops, flooring, or fixtures, those improvements need coverage because the association's policy only covers basic, builder-grade items. Your furniture, electronics, clothes, and everything else you own requires your own insurance, just like it would in a rental.

Water damage between units is a common problem in condo buildings, and determining responsibility can get complicated. If your dishwasher leaks and damages the unit below, your condo policy's liability coverage helps pay for that damage. If the unit above floods your condo, their insurance should cover it, but you need your own policy to cover your belongings and any improvements you've made.

Loss assessment coverage is crucial for condo owners because it covers your share of major repairs or liability claims against the association that exceed the master policy limits. If the association faces a large claim or needs major repairs that require special assessments, this coverage helps pay your portion. We help you understand what the association's master policy covers and what gaps your personal condo policy needs to fill, ensuring you're not paying for duplicate coverage while leaving yourself exposed to risks the master policy doesn't address.