Condo Insurance
Owning a condo in Loveland, CO, offers a unique blend of homeownership and community living. At Advantage Insurance, we understand that condominium owners have specific insurance needs distinct from traditional homeowners. Our condo insurance policies are designed to provide comprehensive coverage tailored to protect your personal property and interior unit features, ensuring peace of mind.
Condo associations typically have master insurance policies covering common areas and the building's exterior. However, these policies often do not extend to the interior of your unit or your personal belongings. It's essential to have a condo insurance policy that bridges this gap, offering protection for your assets and liability coverage within your unit.
Coverage Options
Personal Property Coverage
Protects your furniture, electronics, clothing, and other valuables against losses due to theft, fire, vandalism, and more. This ensures that your belongings can be repaired or replaced without significant financial burden.
Dwelling Coverage
Covers the walls, flooring, fixtures, and built-in features of your condo against damages from covered events. This is especially important for custom upgrades and renovations inside your unit.
Loss of Use Coverage
Provides financial help for temporary living expenses if your condo becomes uninhabitable due to a covered loss. This can include hotel stays, meals, and other essentials while repairs are completed.
Personal Liability Coverage
Offers protection if someone is injured inside your condo, covering legal costs and medical expenses up to your policy limits. This ensures you’re not facing unexpected expenses due to accidents.
Loss Assessment Coverage
Helps cover your share of repair costs if your condo association issues an assessment for damages to shared areas. This prevents unexpected financial hits when common areas are damaged.
Full Value Personal Property
Ensures that your personal belongings are replaced at full value without depreciation. This means if an item is damaged or stolen, you’ll receive compensation based on what it costs to replace it today.
