condo unit insurance floridaWe can ensure your Luxury Condo Unit in South Florida with hurricane.

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Florida Condo Unit Insurance Policy (HO-6) is a necessary policy to protect your personal possessions located inside your condominium unit. Many condo unit owners have an impression that the master association insurance policy covers their interior condo and their personal items. Unfortunately, this is not true.

The master insurance policy controlled by the condominium association typically consists of covering the property structures and common areas only. In other words,  if a nature hurricane damages the building roof, the loss would be covered by your association, but if a hurricane causes damages inside your own condo unit, in this situation there is NO coverage by the association master Insurance policy.

Therefore, to protect your condo unit structure and your personal property, certainly, you need a condo unit insurance or HO-6 policy, because it covers everything that is inside the four walls of your condo unit.

What type of condos we can insure:

  • Primary residence Condo.
  • Secondary residence Condo.
  • Long Term Lease Condo.
  • Condo-Hotel Rental Condo.
  • Short Term Lease including AirBnB.

High-Value condo unit insurance (HO-6) policy coverage types:

  • Condo Interior Elements  – this policy covers condo unit interior structures such as carpeting, kitchen, bathroom cabinetry, electrical fixtures, water heater, interior A/C unit, and flooring.
  • Personal Belongings – moreover, this policy extends coverage to appliances, furniture, clothing, electrical equipment, fine arts, and jewelry.
  • Personal Injury Liability – in the event a visitor is injured inside your condo, he or she can file a bodily injury claim. Therefore, your condo insurance policy will pay for all medical expenses, along with providing a defense lawyer to represent you in the event a lawsuit is filed against you for any cause of negligence that might cause property damage to your neighbors.
  • Loss Assessment – when an accident damages the condominium property common area, the association places assessment fees collectively divided between all unit owners to restore their property. This policy covers the assessment amount up to $2,000 per policy limit, per Florida Statutes rules 714; Florida insurance companies must provide a policy assessment limit of $2,000 per claim.
  • Loss of Use – furthermore, a condo unit owner policy also includes an endorsement for loss of use, in the event, your interior unit is severely damaged due to a loss, and you need to move out to a temporary apartment or a nearby hotel while the condo unit is under repair, this policy pays for the temporary living expenses.
  • Hurricane and Wind Insurance – and this policy cover your condo unit when a named hurricane or high wind damages your condo unit in Florida.

Our local insurance agents can walk you thru the binding process and help you determine the amount of coverage you need.

5 steps to save money on your condo unit insurance:

    1. Have a prior policy with no lapse of coverage.
    2. Proof of no property claim in the past 3 years.
    3. Install theft and fire alarm system connected to a Monitoring Central Station.
    4. Assign a person to inspect your condo on weekly basis while you are out of town.
    5. Install impact windows or metal shutters to protect your condo against major hurricanes.

How much does it cost to insure a condo unit Owner insurance in Florida?

Our local Florida Insurance agents are here to assist you get the proper insurance policy. To get started, call us today at (954) 454-9599 or (866) 454-9555 and ask for a condo unit owner insurance quote. We are here to help!

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