Condo Insurance in Greenville, SC
Although a condo association’s insurance typically covers the building’s structure and shared areas, it doesn’t extend to your personal belongings or the interior of your unit in the event of theft, fire, storm damage and other perils. That’s where your condo insurance—commonly referred to as HO-6 insurance—becomes essential. It’s designed to fill in those gaps, offering financial protection from various risks that could result in costly out-of-pocket expenses.
What Is Condo Insurance?
Condo insurance is designed to financially protect what’s inside your unit, including your personal possessions. While it doesn’t cover the building’s exterior, it typically includes coverage for items like furniture, electronics, clothing, and appliances. It may also help pay for repairs to items like flooring, cabinetry or built-in fixtures if they’re damaged by a covered event.
A standard condo insurance policy may include the following coverages:
- Personal property coverage may help cover personal belongings up to policy limits.
- Personal liability coverage may help cover legal and medical expenses if someone is injured in your unit or if you accidentally cause damage to another person’s property.
- Building property coverage (sometimes referred to as dwelling coverage on a condo policy) may help insure the interior structure of your unit, including walls, flooring, and built-in fixtures.
- Additional living expenses coverage may help pay for expenses if you’re forced to leave your unit due to a covered event.
How Much Does Condo Insurance Cost?
The cost of condo insurance may vary depending on several factors, including where your condo is located, how much coverage you choose and the value of the items you want to be covered. Your premiums may be higher if you live in an area prone to natural disasters or with higher crime rates. You might also see increased rates if you insure luxury appliances or have a history of filing insurance claims.
Get the Right Coverage
If you’re from Greenville, South Carolina, our team at Super Insurance Discounts will help you find the right condo insurance policy for you. Contact us today to get started.