Condo Unit Insurance

As the owner of a condominium unit, your insurance needs are different from other homeowners. A condo association’s master insurance policy typically insures most of the structure and common areas. You will need to carefully read the CC&Rs (Covenants, Conditions & Restrictions) to determine what you are responsible for insuring vs. the association. Condo insurance coverage would typically include the following insurance coverages:

  • Property Coverage for the walls-in (as indicated in the CC&Rs)
  • Personal Property Coverage (Contents)
  • Personal Liability Insurance
  • Loss of Use
  • Medical Payments
  • Loss Assessment Coverage

Additional protection and allows you to customize your coverages based on your specific needs. 

  • Building Ordinance or Law- Provides protection from increased reconstruction costs due to updates in building codes- this coverage is highly important to condo owners who have made renovations to the interior of the unit from the initial build. 
  • Water Sewer Backup- Covers losses by water damage from a sump pump or sewer drain that may go beyond a common area into an individual unit. 
  • Scheduled Personal Property- A range of personal property can be insured on a scheduled basis. For example,  jewelry, musical instruments, stamp and coin collections, guns, fine arts, antiques and other valuable items. These items would be scheduled on an agreed upon value for each item.
  • Earthquake Insurance

Why We're Different

While condominium insurance products are often similar in price and function, Kentucky insurance agencies vary when it comes to structuring a policy tailored to you. At McDaniel Insurance we understand there’s no such thing as a one-size-fits-all insurance policy when it comes to your condo insurance.  You can trust that we will take the time to thoroughly evaluate your needs so that you can rest assured that your assets are protected at the most competitive rates.

We’ll help you protect what matters most.  Contact us today at 502.909.0920, we’ll show you all of your insurance options, recommend the right limits, and make sure you receive every discount you deserve.