Condo Insurance in California

At Biddle-Shaw Insurance Services, Inc. in San Francisco, CA, a condominium unit owner policy insures a unit owner's property and their personal belongings. As an insurance instrument, a condo insurance policy in California resembles its distant cousin – the renter’s insurance policy. Remember, Condo insurance only covers a unit’s interior damage and personal property.

In fact, it is the condo’s HOA that typically carries the appropriate insurance for the physical structures and common areas. For additional protection, each unit-owner is advised to review their HOA’s master insurance policy to determine how the terms of the master policy may personally impact them.

When is Condo Insurance needed?

• Someone is injured in your unit
• There’s damage to the interior of your unit
• Your property is stolen
• The damage exceeds the HOA’s policy limits – If the HOA surpasses the limits of its master policy, each unit owner may be mandated to contribute funds.
• Your condo is unlivable due to damage covered by your insurance – If damage to your unit makes it uninhabitable; the insurer will pay for expenses related to living elsewhere, such as hotel room bills.

By contrast, the Homeowners Association's Master Insurance Policy covers:

• The building's exterior
• Damage to shared amenities or common areas.
• Common area injuries

When you are ready to research available condo insurance options in California, consider the cost of insurance as well as the company's customer service reputation and goodwill. For assistance with this tedious analysis, contact one of Biddle-Shaw Insurance Services, Inc.'s seasoned agents in San Francisco, CA or call (415)-586-7200 to learn more.