Living in a condo makes life simpler in many ways. Condo owners are less responsible for maintaining the grounds and building upkeep than those living in a separate home. However, that simplicity causes some complications since you and the condo association share responsibility for insuring the condo.

If you have questions about your condo insurance and live in the Wheat Ridge, CO area, our CO Insurance Specialist is ready to help.

Top Condo Insurance Tips

The first tip in selecting the right condo insurance coverage is to review your HOA’s master policy to determine if it is "bare walls-in" or "all-in." "Bare walls-in" policies do not cover anything inside the walls of your condo, while "all-in" covers your interior walls, appliances, flooring, and lighting. Your condo insurance should cover everything the HOA policy doesn’t handle.

Higher Deductibles

Like all insurance, you can save money by having higher deductibles. However, you should have the cash on hand to cover the deductibles if you make a claim.

Inventory Your Belongings

To avoid underestimating the value of your possessions, inventory your belongings and obtain appraisals for jewelry and other valuables so your insurance covers the property’s full value.

Landlord Rider

If you rent the condo during parts of the year, add a landlord rider to your policy to protect against damage caused by renters.

Umbrella Coverage

Your condo and other insurance policies have liability limits. If you are retired, consider obtaining an umbrella policy to protect your assets against liability claims.

Working with CO Insurance Specialist

CO Insurance Specialist proudly serves the Wheat Ridge, CO, area. We’ll help you structure an insurance plan that works for you, including your condo coverage. Visit the office or call us today at 720-638-0850 to ensure you are protected.