Condo Insurance

After you have confirmed that your condominium association has insurance to cover common areas such as the building exterior and paths, all you need to insure is your personal property and your own liability. Here are some essential questions to ask yourself that will help you determine what kind and what level of insurance coverage you need:

Regarding your building

  1. How much coverage does my condo association carry?
  2. Are any parts of the building or property uninsured?
  3. What am I personally responsible to insure?
Regarding your condo
  1. What would it cost to restore my condo if it were damaged?
  2. What liability claims can be made against me?
  3. What if my guest gets injured in my condo and requires medical attention?
  4. Are there ways I can make my condo safer to prevent liability?
  5. Is flood insurance necessary?
  6. What would it cost me to replace my furnishings?
  7. Have I gathered a complete inventory of my possessions, including photos to make it fast and easy to make a claim?

Regarding extra coverage

  1. How can I protect valuables like jewelry, electronics, cell phones, sports equipment, and silverware?
  2. Have I recently bought or received any new possessions that are not covered by my policy?
  3. Am I covered for my hotel expenses if my home is being repaired?
  4. Should I get additional protection to cover wedding or Christmas presents on a temporary basis?
Here are some essential questions to ask that will help you determine what kind of insurance you need, and what level of coverage:

Regarding your apartment

  1. What liability claims can be made against me?
  2. What if a guest gets injured in my apartment and requires medical attention?
  3. Are there ways I can make my apartment safer to prevent liability?
  4. Is flood insurance a good idea?
Regarding your belongings
  1. What would it cost me to replace my furnishings?
  2. Have I gathered a complete inventory of my possessions, including photos to make it fast and easy to make a claim?

Regarding extra coverage

  1. How can I protect valuables like jewelry, electronics, cell phones, sports equipment, and silverware?
  2. Have I recently bought or received any new possessions that are not covered by my policy?
  3. Am I covered for my hotel expenses if my apartment is being restored?
  4. Should I get additional protection to cover wedding or Christmas presents on a temporary basis?
Regarding cost savings
  1. Can I save money if I have other policies with NUA, such as Motor or Travel Insurance?
Personal Insurance Commercial Insurance