Condo Unit Owner Insurance      
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    Condo Insurance (Condo Unit Owner Insurance)
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    Complete Protection for Your Condominium

    Please complete this form for quotes with multiple insurance companies.
    We understand that as the owner of a condominium unit, your insurance needs are different from other homeowners. Chances are your association purchased a master policy to cover common areas like the exterior building and walkways. But you are responsible for insuring your individual, personal interests within your unit. You need both personal property and liability insurance.
    Condominium Policy Protects:
    • Furniture
    • Clothing
    • Appliances
    • Personal Belongings, no matter where they are used
    • Personal Liability, that protects you against a claim or lawsuit if someone is injured or their property is damaged while in your condo
    • Cost of Common Property Loss, assessed by the condo association on all unit owners

    Chubb Insurance Condo Coverage

    Unmatched Selection of Coverage Options:
    • Contents Replacement. Provides full replacement cost for personal belongings with no deduction for depreciation.
    • Personal Injury. Protects you against libel and slander.
    • Identity Theft Protection. Provides assistance from a consumer fraud specialist and covers expenses related to restoring your good name and financial reputation.
    • Valuable Items Plus Endorsement. Provides a blanket of coverage that is broader than what a basic Homeowners policy provides. It is the right coverage for people who own valuable possessions such as jewelry, artwork cameras and computers.
    • Personal Articles Floater. Provides even more comprehensive coverage than the Valuables Items Plus endorsement. It is the right coverage for people who wish to protect items that have been carefully selected and whose values exceed the limits of either the Condominium policy or the Valuable Items Plus endorsement.
    • Umbrella Policy. Offers an additional $1 million to $5 million of liability protection.
    • Flood Coverage. Flood damage is typically not covered under a homeowners policy. This affordable coverage covers damage to your property and provides cleanup reimbursement.
    • Pleasure Boat Insurance for small watercrafts.

    Learn about the coverages in Condo Unit Owner policies

    Get Maximum Value with Competitive Pricing and Money-Saving Discounts
    Travelers Condominium Insurance is competitively priced. We offer great value with many money-saving discounts:*
    • Claim free discount (available in most states)
    • Security discounts for homes equipped with:
    o Smoke detectors
    o Dead bolts
    o Fire extinguishers or alarm systems.


    Condominium Owners Insurance 101
    Condominium coverage is available to condominium and co-op owners, and bridges the gap between your condo association's master policy (which insures property owned by all unit owners) and your property and personal liability protection.
    The master policy includes coverage for the actual building in which you reside, as well as common property like a pool or gazebo.
    Your condominium owners policy offers you the following important protection:
    • Personal property coverage
    • Optional property coverages
    • Personal liability protection
    • Additional living expenses
    • Additions and Alterations
    • Loss assessment coverage
    • Deductibles
    Personal property coverage
    A condominium owners policy provides coverage for your furniture and personal possessions against such covered hazards as fire, lightning, windstorm, hail, explosion, collapse, smoke or vandalism. This is also called Contents Coverage and it ensures that your damaged or destroyed property is protected...up to the amount of insurance protection you purchase.
    Theft protection: the condominium owners policy also protects your property against practically every type of theft loss in your condo or anywhere in the world. Also included is coverage for thefts from your unattended car or boat, even if there is no evidence of forced entry.
    Special coverage for important possessions: Most condo policies offer special amounts of coverage for certain types of property. For example,
    • $200 for money and coins
    • $1,000 for theft of jewelry, watches or furs
    • $2,000 for theft of firearms
    • $2,500 for business property at home.
    You can choose to increase these amounts if you like.
    Optional property coverages
    Every home is different. You may require special coverages for your individual needs. The following coverages can be purchased separately:
    • Broadened Coverage for Contents: provides "all-risk" protection for your possessions. This means that your personal property is covered in most situations, regardless of the cause of loss.
    • Contents Replacement Cost: pays full cost to repair or replace most personal property in your condo with no deduction for depreciation.
    • Valuable Items Plus: provides higher limits and worldwide protection for special property such as jewelry, silverware, fine art, furs, cameras, firearms, musical instruments, and home computers for an extended variety of losses. For your convenience, no appraisal or listing of insured items is required.
    • Additional Coverage Endorsement (ACE): extends protection or increases limits on special types of property (for example: jewelry, firearms, or silverware). This coverage also increases personal liability coverage by $100,000 and includes coverage for personal injury.
    • Coverage for other structures: you may own other structures that are not part of your basic condo unit (such as a carport, detached garage or storage shed). If these structures are not considered to be common property, they are not covered under your Association's Master Policy. This add-on coverage would insure these other structures.
    Personal liability protection
    Liability coverage is important protection in the event that you are sued for accidentally hurting other people or damaging their property. Personal liability helps to cover the associated legal costs and related damages. Most condo owners policies provide $100,000 (minimum) of financial protection against liability claims and lawsuits brought by others for accidental bodily injury or damage to their property:
    • while in your condo
    • caused by your personal activities, including most sports
    • caused by your children or pets.
    Medical payments: Most policies will pay up to $1,000 per person in medical bills -- regardless of your legal responsibility -- when an accident involves bodily injury to others. Higher coverage amounts are available.
    Damage to property of others: Should you accidentally damage someone else's personal property while that property is in your care, your condo owners policy will pay up to $500 for each occurrence.
    Additional living expenses
    If your unit is damaged and you have to move out while it's being repaired, you're covered! The policy pays for all necessary living expenses (hotel, meals, laundry, etc.)...up to 40% of the contents coverage amount you selected.
    Additions and Alterations
    Once we move into a new home, we often make improvements. According to your condominium declaration and/or bylaws, you may be responsible for interior parts of your unit such as glass, walls and doors.
    Additions, alterations and other improvements made to your unit are also covered. For example, if you or a previous owner installed built-in appliances, wall-to-wall carpeting, upgraded kitchen cabinets, etc., they are insured up to $2,500 (however, you can choose to increase this amount).
    Loss assessment coverage
    Condominium coverage provides up to $1,000 of protection against financial loss if damage to commonly owned property exceeds the amount of coverage in the Master Policy. If your condo association is forced to assess all unit owners for the additional loss (or for personal liability claims against the association), you're covered!
    Deductibles
    A deductible is the amount of loss you agree to assume before your insurance coverage takes over. The higher your deductible, the lower the cost of your policy premium. The deductible applies to property losses only. Liability protection does not require a deductible.


    Property highlights

    Property coverage covers your building and condominium personal property for replacement cost with no coinsurance.

    •     appurtenant buildings and structures:

    –    Coverage for appurtenant buildings and structures is included up to $50,000

    •     Building glass:

    –    Coverage for building glass is included, with several deductible options available

    •     Business income and extra expense:

    –    Covers income that is lost due to suspended operations caused by damage at the described premises from a covered cause of loss. This is an optional coverage for Pac PlusSM

    –    Condominium PacSM

    –    Automatically included and includes rental value

    –    Included on an actual loss sustained basis for up to 12 consecutive months

    –    Coverage may also be written on a policy or location level basis for any dollar limit without the 12-month limitation

    –    Condominium Pac PlusSM

    –    Optional

    –    When selected, the coverage may be written with a policy or location level dollar limit. The dollar limit is based on 80 percent of annual receipts/fees and may be modifi

    •     Business personal property off premises:

    –    Coverage for business personal property off premises

    is provided, including while in transit or temporarily away from the scheduled premises and at a premises you do not own, lease or operate; or at any fair, trade show

    or exhibition

    •     employee dishonesty:

    –    Coverage is included up to $25,000 (with an option   to cover property managers as employees). Limit may be increased



     

    •     equipment breakdown:

    –    Coverage for equipment breakdown is included within applicable limits

    –    Diagnostic equipment, power-generating equipment and production equipment are limited to $100,000 for direct damage. Limit may be increased

    –    Service interruption of water, communication or power supply services is covered from a covered breakdown (when business income and extra expense is covered)

    •     Newly acquired or constructed buildings:

    –    Coverage is provided for newly acquired or constructed buildings up to $500,000 for up to 180 days

    •     ordinance or law coverage:

    –    Coverage is included for a combined limit of $25,000 at each described premises. Limit may be increased

    •     outdoor trees, shrubs and plants:

    –    Coverage for Outdoor Trees, Shrubs and Plants is provided for all covered causes of loss up to $3,000. Limit may be increased

    •     signs:

    –    Coverage for signs within 1,000 feet is included within the building limit when building coverage is written

    •     these items are considered part of building coverage:

    –    Alarm systems

    –    Appliances used for refrigeration, ventilating, cooking, dishwashing or laundering that are not contained within individual units

    –    Fences

    –    Fire extinguishing equipment

    –    Fixtures, outside of individual units, including outdoor fi                        es

    –    Floor coverings

    –    Lawn maintenance and snow removal equipment

    –    Lobby and hallway furnishings

    –    Outdoor furniture

    –    Outdoor swimming pools

    –    Retaining walls

    •     Building coverage

    –    Also includes any of the following types of property contained within a unit, regardless of ownership, when your condominium association agreement requires you to insure it:

    –    Fixtures, improvements and alterations that are part of the building or structure; and

    –    Appliances such as those used for refrigerating, ventilating, cooking, dishwashing, laundering, security or housekeeping


    general liability highlights

    General liability coverage protects you against claims for damages because of bodily injury or property damage to others resulting from your business operations.

    •     General liability limits of $1 million per occurrence/

    $2 million aggregate are standard for Condominium Pac and Condominium Pac Plus with an option for higher limits of $2 million per occurrence/$4 million aggregate available for Condominium Pac

    •     Bodily injury and property damage liability

    •     Medical payments for $5,000 per person

    •     Damage to premises rented to you is included up to

    $300,000. Limit may be increased

    •     Host liquor liability

    •     Limited worldwide coverage

    •     Premises liability

    Condominium Insurance

  • GET A QUOTE: Call Toll Free (800) 707-4690