Condo Insurance

Condos have become a popular and more affordable option in a hot real estate market. Protecting your investment is vital for financial security. Insuring a condo is similar but not identical to insuring your home. At Fabco Insurance Agency LLC, we provide condo insurance for Utah residents. As independent insurance agents, our team is ready to help you get the right condo insurance for your unit.

Condo insurance has several types of coverage, but condos are covered by a specific condo policy and not a landlord or HOA policy. The homeowner’s association's condo insurance master policy covers the common areas such as the parking lot, elevator, lobby, swimming pool, gym in the complex, and the exterior of the building and roof.

Property coverage

Property coverage starts where the master policy leaves off. It can be on the exterior walls or the interior walls. You need to read your covenant to know what coverage your condo policy needs to provide. The amount of coverage you need to provide will affect your policy.

Content coverage

All of your possessions need to be covered by insurance. You own a lot of things and being able to replace them if they are lost or destroyed is essential.

Liability coverage

Getting sued can cost you all of your assets if you don't have liability coverage to protect you. It will pay for a judgment up to your policy's limit and for legal expenses.

Loss of use

One thing you may never have thought about is where you would stay if your home were damaged. How would you pay for another place to stay while repairs are ongoing? If you have condo insurance, you will most likely have a loss of use coverage that will help pay for your temporary place for you to stay and may also pay for some meals.

Contact Fabco Insurance Agency LLC for all your Utah condo insurance needs.