Condo Insurance

Your condo association probably insures your building and the common areas, but protecting against damage inside your unit or covering the loss of your personal possessions is usually your responsibility.

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And what happens if you or your guest gets injured? That’s where Condo Insurance from FirstMark comes in. We’ll help to make sure you’re properly covered.

Standard Coverage

Get the coverage you need to protect yourself, your condo unit, and your belongings with our flexible condo insurance coverage options.

Included with Every Policy

Your FirstMark Condo Insurance policy includes coverage to help pay for repairs and fix damage done to the inside of your condo unit. This is the main feature of a Condo Insurance policy.

Personal Possessions

Every FirstMark Condo Insurance policy covers personal property, like your sofa and armchair set, flat-screen TV, laptop, tennis racket, and blender. This means your possessions are protected from damage and theft when they’re at home or with you anywhere in the world, from the next block over to another continent.

If You’re Held Responsible

Your condo insurance also protects people. It protects you in certain situations if you’re held legally responsible for damage caused to someone else’s property. If a guest is injured while visiting you in your condo, they’re covered too. You and your family are protected against bodily injury, property damage claims, and litigation.

Additional Living Expenses

If you’re unable to live in your condo while it’s being repaired or rebuilt after a covered loss, additional living expenses helps pay the cost of temporary housing and living expenses for up to 24 months.

Additional Coverage Options

Identity Recovery

For only $1 a month, identity recovery coverage helps cover the cost of restoring your identity if it’s stolen. You can reduce your risk by learning how to prevent identity theft.

Valuable Articles

Some high value items like silverware, coins, fine art, jewelry, and other collectibles require special protection. With valuable articles coverage, belongings you specify are protected by an agreed dollar amount, and there is no deductible. Talk to your local independent agent about making sure your most valuable belongings are covered.

Personal Property Replacement Cost Protection

If you sold your canopy bed in a yard sale, you’d probably get less for it than what a brand new one would cost in the furniture store. In the event of a loss, FirstMark personal property replacement cost protection will help pay for the cost to purchase a new canopy bed that is of similar size and style as the one you lost. Same goes for your TV, clothing, sporting goods, and other covered belongings. We’ll pay the actual replacement cost of your things that were damaged or stolen, regardless of their age and condition, up to the limits and deductibles you select.

Condo Insurance Discounts & Savings

Discounts are available if you have a burglar alarm or fire sprinkler system installed in your condo. You may also qualify for a lower rate if you live in close proximity to a fire station.

Get the Package Deal

Save up to 10 percent when you combine your condo and auto policies.

Multiple Policy Discount

Save even more with a multiple policy discount when you also add coverage for your motorcycle, boat, or RV. Talk to your local independent agent about additional ways to save based on your individual situation.

Choose a Higher Deductible

A higher deductible will lower how much you pay for condo insurance by shifting part of a loss payment to you. For example, if you have a $500 deductible, you’ll pay the first $500 of a loss out of your own pocket. A higher deductible will lower your condo insurance bill but will also increase how much you’ll end up paying yourself if you file a claim.

Pay Your Bill in Full

If you pay your bill in full when you start or renew a policy, instead of paying in monthly installments, you’ll end up paying less in the long run.

FAQs

What is condo insurance?

Condo insurance covers most of what your condo association master policy doesn’t. You’ll definitely need to provide your own coverage for personal belongings. You’ll likely need additional coverage for any improvements or remodel work you’ve done inside your condo unit.

Which part of my condo am I responsible for?

You’re usually responsible for what’s inside your condo unit, including your personal belongings, appliances, light fixtures, bathtub, toilets, sinks, walls, and floors.

Who insures the pool, tennis courts and function hall?

Shared buildings and common areas are usually covered by your condo association master policy.

Do I get a discount for having a burglar alarm?

Yes, you get a discount for having a burglar alarm.

There is no cost or obligation to see if we can improve your coverage, reduce your risk and save you money!

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