Why should you consider First American for your Condominium Owners policy? Odds
are your condominium association has an insurance policy for common areas, like
the building exterior and walkways. You're still responsible for insuring your interests
such as your personal property, personal liability and your guest's medical
Some things to consider when shopping for condo insurance...
- Personal Property
Condominium insurance provides coverage for your household contents and personal
belongings. You may think your couch, coffee table, sweaters, shoes, coats, TV,
VCR and CD player aren't worth a lot but those items all add up.
- Dwelling Improvements, Alterations, and Additions
For Condominium owners, you are covered for accidental damage to improvements you
make in your unit for which your association's policy does not provide coverage,
subject to your policy limits.
- Dwellings and other structures
For townhouse owners, your townhouse and separate structures are covered for most
types of damage, except for a few common exclusions, such as wear and tear, earth
movement, flood, nuclear hazard and earthquake.
- Loss assessment
You'll receive reimbursement up to special policy limits for assessments arising
from covered damage. This can be used to pay for your share of property damage or
injury awards for which your association's policy does not provide coverage.
- Personal Liability
In the event someone is injured on your property or you damage property that belongs
to others, you could be held legally liable for the injury or damage. The condominium
policy provides personal liability coverage to financially protect you should this
*This policy information is very brief and is not intended as a complete description.
Please consult your policy or a licensed agent for full details.
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