Condo Insurance in White House, TN
Buying a condo is an exciting investment; however, you may be wondering what kind of insurance you need because it isn’t a house or an apartment. Understanding the types of insurance you need and what it can cover is essential for financially protecting yourself and your new condo. 
What Insurance Do I Need for My Condo?
Condo insurance is a specialized policy to protect condo owners financially from various risks. Most policies will include the following types of coverage:
- Unit coverage—This typically includes financial coverage for the unit itself, including walls, floors, ceilings and fixtures.
- Personal property coverage—This typically includes financial coverage for furniture, electronics and other movable items in your unit.
- Personal liability coverage—This can help cover the legal and medical expenses if someone is injured in your unit and decides to file a lawsuit against you.
- Additional living expenses coverage—This coverage can help pay expenses related to living elsewhere if your unit becomes uninhabitable due to a covered event.
What Is Covered?
Condo insurance typically includes coverage for fire, theft, vandalism, explosion, smoke and select water damage (e.g., from a burst pipe). If you live in an area prone to severe weather events, you can also add endorsements for damage related to flooding, hurricanes and earthquakes.
How Much Does This Coverage Cost?
The following factors can influence the cost of condo insurance premiums:
- Location
- Value of personal belongings
- Coverage types, limits and deductions
- Security features
- Available discounts
Learn More
Contact Wilkinson Insurance Agency today to discuss your condo insurance options. We can make policy recommendations for your specific unit and circumstances.