Condo insurance protects your personal property when renting or leasing a condo.

If you rent or lease a condo in South Florida, you need to protect your property with condo insurance.

If you live in a condo, it’s important to take the necessary steps to protect your property, your belongings, and your loved ones. While condo associations typically have master policies to cover what happens outside of your condo, they don’t protect your personal property.  

Condo insurance can cover your personal belongings, your living space, accidents that occur in your condo, and more—all for an affordable monthly rate. Get a personalized quote today, or read on to learn more about condo insurance across Florida.

Know your liability coverage options when living in a condo.

Even if your condo association has an insurance policy, it likely doesn’t cover anything inside of your home. If you experience water damage, a break-in, vandalism, or someone is injured on your property, you won’t be covered without a separate condo insurance policy. 

Condo insurance helps protect the interior of your condominium and offers liability coverage for personal injuries and third-party property damage. 

Condo Insurance Coverage 

A typical condo insurance policy covers losses that arise from: 

• Fire damage 
• Smoke damage 
• Wind or hail damage 
• Vandalism 
• Theft 

Condo insurance also provides personal liability coverage to protect you in the event that someone is injured on your property. Your policy may also include loss of use coverage, which covers temporary living expenses if your condo becomes uninhabitable. 

What is Not Covered? 

Condo insurance generally does not cover: 

• Natural disasters (floods, earthquakes, underground water, mudslides, etc.) 
• Vehicles 
• Businesses operating in the condo 

Condo insurance also generally does not cover the exterior of your condo or shared spaces in the condominium complex. 

Condo Insurance FAQs 

Want to learn more about condo insurance in Florida? Here are our answers to some of the most common questions we get about coverage, rates, and more: 

Is condo insurance required in Florida? 

Condo insurance is not required by law, but it may be required by your condo association or mortgage provider. Even if it isn’t required, condo insurance is always recommended as it is an affordable and effective way to cover your home and belongings. 

How is condo insurance different from homeowners insurance? 

Aside from being designed specifically for people living in condos, condo insurance differs from homeowners insurance in that it does not cover exterior spaces. This includes exterior walls, garages, and other outdoor areas. 

What is condo association insurance? 

Your condo association likely has a master insurance policy that a portion of your condo fees go towards. This master policy typically covers property damage and personal injuries that occur in exterior and common areas in the condo complex. 

What factors affect my insurance rates? 

Common factors that impact condo insurance rates include:  

• Your age 
• When the condo was built 
• Location 
• Marital status 
• Value of possessions 
• Claims history 
• Credit history 

These factors, among others, will likely be taken into account when determining your rate. Our knowledgeable insurance agents will explain your rate to you and how you may be able to lower it.