Condo Insurance

Condos are unique. Find the coverage you need. Serving Vero Beach and all of Florida.

Your condo insurance policy covers your personal property and liability, as well as any additions, alterations and improvements you make to your unit that are your responsibility based on the condo association agreement.

Optional loss assessment coverage is also available to protect you against certain assessments that may be levied by the association. You would be compensated for additional living expenses incurred should you need to vacate your condo after a covered loss.

Let Schlitt Services help you find the right amount of coverage to suit your insurance needs Florida. Call us today at 772-567-1188 or request a free quote online.

What Does Condo Insurance Cover?

Condo insurance provides coverage for your personal property and much more. For a few more dollars, you can elect to carry Full Value Personal Property which ensures that you are reimbursed full replacement value without regard for depreciation after a covered loss.

If you have upgraded cabinets or put in hardwood floors, condo building item coverage protects these investments. Be sure to consult your HOA agreement to determine what the Association policy covers and what you are responsible for. If common areas are damaged, your condo association may levy assessments against all the owners to pay the deductible on their association policy.

Various limits of loss assessment coverage are available. Be sure to consult the HOA agreement to determine the potential for such assessments.

Your condo insurance policy also protects you and your family members against bodily injury and property damage liability claims and any litigation that may result subject to the limits you select.

In addition, you can select medical payments coverage which will pay for medical expenses incurred by a visitor who is injured at your residence regardless of fault. Various limits are available.

Schlitt Services can help you determine your coverage needs to make sure you’re properly covered. Call us at 772-567-1188 or contact us online.

What type of insurance do I need for a condo?

If you have purchased a condo or co-op, the bank will require insurance to protect its investment in your home. You may, however, need more insurance to cover your personal items, liability or fees that may be charged to you regarding shared areas of the building, like the lobby. You will need two separate policies to protect your investment:

• Your own insurance policy. This provides coverage for your personal possessions, structural improvements to your apartment and additional living expenses if you are the victim of fire, theft or other disaster listed in your policy. You also get liability protection.

• A “master policy” provided by the condo/co-op board. This covers the common areas you share with others in your building, like the roof, basement, elevator, boiler and walkways for both liability and physical damage.