The Best Coverage for Condo Insurance in Havertown
We are happy to help you navigate through your association’s bylaws to determine what you are responsible for covering on your own policy. Typically, you will need coverage for your condo (from the walls in) and for your personal belongings. Most condo owners don’t know that they can add a special coverage for any addition or upgrades they’ve done inside their unit. You can also get a special coverage to cover the cost of your association’s master policy deductible if you are assessed for a claim. We are confident that we can get you better coverage at a lower cost for your condo insurance!
At Peterson Insurance, we offer comprehensive, competitively priced condo insurance designed to help you protect your condo, possessions, and your financial well-being if claims are made against you.
The Best Coverage for Condo Insurance in Havertown
For more than 25 years, Peterson Insurance has helped condo owners in Delaware County and surrounding areas protect their investments with custom condo insurance policy options fit to their needs and budget.
As an independent insurance agency, we don’t represent just one insurance company. Instead, we represent you! Our team of trusted agents will work closely with you to design a condo insurance policy for your home. We write with several companies that specialize in condo insurance and truly have the best prices around.
Let Our Independent Agency Find You the Best Condo Coverage
As a condo owner, it’s critical to invest in coverage that’s designed to meet your individual needs based on the value of your condo’s upgrades and features, the risks in your area, and the value of your belongings. It’s important to understand your association’s master cover condominium policy and where that coverage leaves off and your personal condo unit coverage begins. You’ll want to ensure you get replacement cost coverage for your belongings along with any needed loss assessment and betterments, improvements and alterations coverage.
After learning about your condo, we will work together with you to help determine the best type of coverage that protects your investment. We’ll ensure you have adequate protection and the highest level of coverage within your budget and what makes sense for your home and liability protection.
Condo Insurance FAQs
What is Condo Insurance?
Condo insurance, also known as an HO-6 policy, is much like Home Insurance for the condo owner. If you own your condo, it will provide coverage for the components of the building you’re responsible for along with your personal belongings and personal liability. If you’re renting a condo, you’ll need Renter’s Insurance instead (known as an HO-4).
What Does Condo Insurance Cover?
Condo insurance has a limit, or the maximum it pays out. Typically, you will need coverage for your condo (from the walls in) and for your personal belongings, liability, and any loss assessment. Here’s a general list of what coverage you can expect from your condo insurance policy:
- Building property coverage, which helps protect the walls and your owned property, such as the interior fixed features or any betterments, improvements, or upgrades
- Personal property coverage, which helps to protect your belongings, including furniture, appliances, and electronics
- Medical coverage, which helps cover the cost of medical bills if someone visiting your home is hurt
- Personal liability coverage, which helps cover claims made against you related to someone else’s injuries occurring on your property
- Loss assessment coverage, which helps to cover certain types of financial loss that are assessed between unit owners and also some companies extend this coverage to kick in to pay for the master cover deductible on any claim you may need to file under the association’s master policy
Most condo owners don’t know that they can and should add coverage for any addition or upgrades they’ve done inside their unit and loss assessment coverage to cover the cost of your association’s master policy deductible if you are assessed for a claim. We are confident that we can get you better coverage at a lower cost for your condo insurance.
Contact Us Today for a FREE Condo Insurance Quote!
As a family-owned and operated independent insurance agency, Peterson Insurance is here to help you purchase the coverage you need at a competitive price. If you need condo insurance in Havertown, PA, Delaware County, or the surrounding area, contact us.
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What to Expect from Peterson Insurance
Insurance can be confusing and with all of the online companies these days, a lot of customers feel that they aren’t getting the answers and coverage explanations they deserve. We make sure that we take the time to work with each of our customers on a personal level and help you get the coverage you need at a price you can afford. For us, it’s simply a matter of doing things the right way.
As independent agents, we check options from many carriers, finding you the best price available to meet your needs.
We're a family business, and firmly believe that you should be treated with the same level of care and courtesy.
We do more than just getting you covered: we ensure you understand your options to make the best choice.