Through the program, you may have access to exclusive savings on condo insurance. These savings are not available to the general public and could save you hundreds of dollars on condo insurance.

An insurance representative can help you determine the condo coverage that best fits your needs and budget, but a typical policy can cover:

1. The structure of your physical unit (can vary based on association requirements)
2. Your personal belongings
3. Additional living expenses if you cannot live in your condo due to a covered loss or repairs
4. Your personal liability or legal fees
5. Valuable items (extra coverage can usually be added)

When figuring out how to choose condo insurance, consider these key questions:

1. What is the estimated cost to replace, rebuild or repair your condo unit — the “replacement cost”? − Do you need walls-in coverage or coverage for the entire unit?
2. Do you own any additional structures on the property (e.g. garage)?
3. How much of a deductible can you afford to pay if you have a loss?
4. What are your valuables worth?
5. Do you have frequent visitors over?
6. Do you work out of your condo?
7. Do you rent any part of your condo or property?
8. Do you qualify for any discounts?
9. What are the basic coverages required by your mortgage lender?
10. Does your condo association have any coverage requirements and gaps that you need to address?

Licensed insurance representatives are happy to walk you through all of this step by step, and can help you review your needs.



Choosing a condo insurance policy starts with choosing the right insurance company. Travelers has been one of the nation’s leading and largest property casualty companies for over 160 years. We offer a variety of policy options and packages to help you get the coverage that meets your unique needs.

We can provide you with information to help you protect the place you call home. We can also give you peace of mind with a claims process that is simple and stress free.

Not usually. Condo insurance is not generally designed to cover business use of your home. It may include limited protections, such as replacement or repair of computers and other electronic devices, but for more comprehensive coverage, you may require a business owner’s policy.

If you are an employee or member of one of our participating employer, credit union or association groups, you could be eligible for special program savings. Plus, Travelers offers discounts for multiple policies, security systems or fire protective devices, smart home technologies, loss-free history, and more. Discounts vary by state and eligibility. Your representative can help apply the discounts for which you qualify.

The cost of your insurance, or premium, partly depends on the coverages, deductibles and policy limits you choose. Here are a few tips that can lower your premium:

1. Talk to your insurance representative about your insurance needs and eligibility for discounts
2. Invest in smoke detectors, interior sprinkler systems, home security and smart home technologies
3. Bundle or purchase multiple policies with Travelers, such as car, boat and umbrella insurance

Personal property coverage (Coverage C) is required on all condo policies. It can help repair or replace personal items in your condo like furniture, clothing or electronics that may be damaged by a covered loss.

Other assets like cash, collectibles, jewelry, furs and silverware may have limited coverage, but additional coverage may be available with a valuable items endorsement or a separate policy. Think about what it would cost to repair or replace your personal belongings and valuable items, and if additional coverage would make sense for you.

Liability insurance helps protect your assets and cover your defense costs if you or a household family member is found legally responsible for causing injury to other people or their property. It can provide coverage for bodily injury, property damage, medical payments and legal expenses.

Do you have a high level of risk or many assets to protect? You can always discuss your liability coverage needs, options, deductible and policy limits with your insurance representative.

If you are unable to occupy your condo due to a covered loss, additional living expenses coverage can help you pay for increased temporary housing and some living expenses. This can include hotels, meals, laundry and other related expenses.

Note: you are still responsible for your deductible, as well as any related costs above your policy limits. An insurance representative can help you determine the amount of coverage that would be appropriate for your situation.

Coverage for damage to additions, alterations and improvements you’ve made to your condo unit. Generally, this is part of the dwelling coverage (Coverage A) and may include items such as appliances, flooring, kitchen renovations and more. If you financed any of these improvements, your lender may require certain coverage options and limits.

Think about what it would cost to repair or replace any of these improvements. Then talk it over with your insurance representative.

Here are a few common optional property coverages available for you to consider:

1. Contents replacement cost - Covers the replacement cost for most of your personal property
2. Valuable items coverage - Provides extra protection for items like jewelry, collectibles, and fine art
3. Broadened content coverage - Protects your personal property against additional types of losses

Well, it depends. Generally, your condo association’s master policy would cover what’s outside your walls—the physical structure of the condo unit and common areas—and your personal condo policy would be responsible for everything in them. This includes the structures inside your unit like the kitchen, as well as your personal belongings (e.g. electronics, sporting goods, furniture and clothing).

You should review your association’s bylaws and the association’s insurance policy to understand where their responsibility ends and yours begins. Then, an insurance representative can help you determine the coverages and limits that would best protect you and your home.

Possibly. Updates to your condo like renovating a kitchen, expanding a bathroom or attaching a deck may affect the amount of coverage you need.

Check in with an insurance representative when you’re doing a big project, make a big purchase, or on an annual basis, to help ensure your policy remains adequate and up to date.

If you have liability insurance, you may have some coverage for bodily injury, property damage, medical payments and legal expenses if you or a family member is found responsible for causing injury to other people or their property. It does not cover personal injury claims for you or any family members that live with you.

Damage or theft of personal belongings can be covered under personal property coverage of a condo policy. This coverage helps protect items like electronics, sporting equipment and furniture up to your policy limit. It also covers your personal items when they are outside of your home, like if your computer got stolen from your car or hotel room.

Cash, collectibles, jewelry, furs and silverware may only have limited protection and may require a valuable items endorsement or a separate policy.