What You Want In Condo Coverage

Aug 24, 2021, 2:24 PM

At Hastings Mutual, we offer a lot of coverage for homeowners (most prominently with our appropriately named Homeowners coverage). But a single-family house in a city, suburban, or rural area isn’t the only way to live. People who rent can benefit from Hastings Mutual coverage. So can people who live in a condominium.

Our condo coverage is technically referred to as “unit owners,” because that’s what it is — you’re between a homeowner who is responsible for the entire property, inside and out, and a renter, who is only responsible for their own possessions. So what’s covered? Essentially:

• The condo building where you reside, including appliances, fixtures, and improvements you have made; and
• Your possessions inside the condo, like furniture and clothing.

The coverage acts like our other Homeowners coverage, where you are protected from losses in many situations. We’ll also help you pay living expenses if the damage your condo suffers is so severe that you have to move out for a while until repairs are complete.

If you’re in a condo, you’re probably going to be there for many years. You will want insurance coverage, just like in the days when you owned a house and (maybe) rented an apartment.

It will require a little research, though; you’ll need to consult your contract or agreement with your condo association to see what’s covered by it and what you need to cover on your own. Then talk to your local independent insurance agent about how our coverage can help you. If you already have a Hastings Mutual Homeowners policy, that’s great! You’re starting with a good idea of our coverage and what we can do to help protect your possessions.

Our agent partners say part of their work that they enjoy most is building relationships with their customers. If you’ve been a homeowner making the move to a condominium, you can bring that insurance relationship with you as you make the change to another phase of your life.

If you have moved into a condo, what was the biggest change from the house you lived in previously? Let me know in the comments.

The Mutual Understanding blog and Hastings Mutual videos are made available for educational purposes only. The information referred to is not an official company statement, corporate policy, or offer of coverage. Refer to your insurance policy for specific coverage. There is no representation as to the accuracy or completeness of any information found by following any link on this site. Please contact your local independent insurance agent with further questions and for more details on any insurance policy-related information you read here.

© 2021 Hastings Mutual Insurance Company. All rights reserved.