What Is Covered By Your Condo HOA’s Insurance?

Condo owners have the luxury of having the outside of their home and community areas covered under their condo association’s insurance policy. However, not everything in a condo community is covered by the master HOA insurance plan. As a condo owner in San Antonio, TX, you need to purchase additional insurance to cover things your condo association does not cover. 

So what exactly does my condo association’s master insurance policy cover? Would you please continue reading to learn more and then call our agents at Ellis Insurance Agency to discuss your condo insurance coverage options? 

Condo Insurance vs. Condo Association Insurance

Your condo insurance covers your needs and what directly impacts you as an owner of a condo unit. The condo association insurance typically covers all common areas of the building and property and some protection of the interior structure, depending on their policy and building design. 

What is Covered by Your Condo’s Master Insurance Policy? 

Regardless of the policy your condo association carries, you can expect most HOA’s insurance to cover the following: 

  • The exterior of the condominium building
  • Common areas, including exercise rooms, swimming pools, lobbies, outdoor pavilions, etc. 
  • The land around the building

What is Not Covered by Your Condo Association’s Master Insurance Policy? 

When purchasing your condo insurance, check with your HOA to learn more about the condo association’s level of structural insurance protection. In most cases, the master insurance policy protects the outside walls up to the inside border of your unit. Additionally, your condo association’s master insurance policy does not cover your personal belongings, anything damaged inside your unit and does not protect you against liability claims in your unit. 

With questions about their condo association’s master insurance policy, condo owners in San Antonio, TX, should reach out to the experts at Ellis Insurance Agency for assistance.