What coverage does condo insurance offer

Scottsdale, AZ is a great place to buy a condo. It is very family-friendly and has top-notch schools, but is also popular with retirees and those looking to spend their golden years in a dry and sunny locale. Once you have found the perfect condo, it is time to find the perfect condo insurance. Our experienced team of agents at Alliance Insurance Partners is here to serve our customers with integrity and we will always put their interests first. 


Owning and insuring a condo is different than a home. With a home, the entire building is yours to insure. With a condo, the condo association has a master policy that covers the exterior of the building and common areas. How far into your condo their insurance goes depends on the policy. It is your responsibility to read your covenant, so you end up with the right condo insurance for your particular unit.


The content is covered by your condo insurance. This includes everything from your kitchen cabinets and appliances to your personal clothing and jewelry. Some categories have limits you need to consider if your possessions exceed the amount the insurance will cover. You have two options for content coverage, actual cash value, and replacement cost. Actual cash value is the amount any item is worth today with depreciation taken into account. Replacement cost is the amount it would cost today to replace the item. 

Loss of use

If your condo is damaged by a covered peril, you may need a place to stay while it is being repaired. If you have loss of use coverage, it will help to pay for a place to stay while you are waiting for the repairs to be completed. 

If you are looking for help making sure that you get the right condo insurance at Alliance Insurance Partners in Scottsdale, AZ, we are here to help.