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Condo Insurance

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What is Professional Liability insurance?

Condo living can be a perfect solution for many people. And condo insurance can give you the protection you need to enjoy your condo. Condos provide ample personal space, along with maintenance, without the close quarters inherent to apartments. For retirees, young professionals and empty nesters, condos can be a wonderful housing option.

If you rent your condominium, your lending institution may not require insurance. Typically, the landlord’s insurance policy covers what’s termed as “to the studs.” In other words, the landlord’s policy covers the structure to the interior studs. The policy will not cover any furnishings, appliances, belongings or improvements you make to the condo.

If you own your condo, your lending institution will most likely require you to carry insurance to cover their investment and yours. Since the condo belongs to you, there will not be a landlord policy in place. Your insurance, sometimes called an HO-6 policy, can cover any improvements you make, offer liability coverage and cover fire, storm, frozen plumbing, vandalism and broken glass.

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Frequently Asked Insurance Questions

Currently, insurance carriers are fairly lenient on policy lapses. It is generally a good idea to keep your construction insurance policy and bond in force. 

If you have a lapse in coverage and are having trouble finding coverage, one of our construction insurance specialists will do everything to get you insured.

Call (425) 242-5357

First Underwriters Construction insurance specialists will shop our network of over 100 admitted insurance carriers and find the lowest down payment and monthly payments.

Call (425) 242-5357

If you've been declined elsewhere for prior losses, First Underwriters Construction Insurance Specialists will find a carrier  that will meet your insurance requirements and get you back to work.

Call (425) 242-5357