Condo Insurance for Texas Homeowners
Protect your condo, personal belongings and personal liability with coverage designed around your unit and your needs. Lavon Insurance can help you compare condo insurance options from multiple insurance companies.
Your Condo Is More Than the Building
When you own a condominium, there are usually two layers of insurance to consider: the condo association’s master policy and your individual condo insurance policy.
Your individual policy can help protect your personal property, liability, qualifying improvements to your unit and additional living expenses after certain covered losses.
What Condo Insurance Can Cover
The exact coverage available depends on the insurance company, policy and coverage limits you select. Common condo insurance coverages include:
Unit Improvements & Alterations
Coverage may apply to qualifying improvements or alterations inside your unit, such as flooring, cabinets and other upgrades, depending on the policy and the responsibilities outlined by your condo association.
Personal Property
Protect belongings such as furniture, clothing, electronics, appliances and other personal property against covered causes of loss.
Personal Liability
Liability coverage can help protect you when you are legally responsible for covered bodily injury or property damage to another person.
Loss of Use
If a covered loss makes your condo uninhabitable, additional living expense coverage may help with eligible costs while your unit is being repaired.
Medical Payments
Medical payments coverage may help pay eligible medical expenses for a guest who is injured on your property, subject to the policy terms and limits.
Additional Protection
Depending on your situation, you may have options for additional coverage for valuables, special property or other exposures that are important to you.
Condo Association Insurance vs. Your Condo Policy
One of the most important parts of buying condo insurance is understanding where the association’s responsibility ends and your responsibility begins.
| Condo Association Master Policy | Your Individual Condo Policy |
|---|---|
| May cover portions of the building, common areas and other property the association is responsible for under its governing documents and policy. | Can cover your personal belongings and other property or interests for which you are responsible under your policy. |
| May provide coverage for exterior building components or shared areas, depending on the association’s policy and governing documents. | May provide coverage for qualifying improvements and alterations inside your unit. |
| Does not replace the need for an individual condo owner’s insurance policy. | Can also provide personal liability and additional living expense coverage, subject to policy terms and limits. |
The exact division of responsibility can vary between condominium associations. Your association’s governing documents, bylaws and master insurance policy can help determine what the association is responsible for and what you should insure under your individual policy.
What Condo Insurance May Not Cover
Condo insurance does not automatically cover every type of loss. Common exclusions or separate coverage considerations can include:
Flood Damage
Standard condo policies generally do not provide flood insurance. If your condo is exposed to flood risk, separate flood insurance may need to be considered.
Earthquake Damage
Earthquake damage is commonly excluded from standard property policies and may require separate coverage where available.
Association Responsibilities
Your policy is not intended to replace the condo association’s master policy. The responsibilities of each policy depend on the association’s documents and insurance arrangements.
Policy Exclusions
Every insurance policy contains exclusions, conditions, deductibles and limits. Reviewing those details before a loss can help you understand your coverage.
Who Should Consider Condo Insurance?
Condo insurance can be important for a variety of condominium owners, including:
Primary Residence
Condo owners who live in their unit as their primary home.
Second Homes
Owners of condominium properties used as a second home may have different insurance needs than primary residences.
Condo Owners With HOA Requirements
Your association or lender may have specific insurance requirements that should be considered when selecting coverage.
Condo Insurance Considerations in Texas
Texas condo owners can face many of the same property risks as other homeowners, but condominium ownership adds another layer of responsibility because of the association’s insurance and governing documents.
Wind & Hail
Severe storms can create significant property damage in Texas. Your policy’s treatment of wind and hail, deductibles and exclusions should be reviewed carefully.
Water Damage
Water losses can become complicated in a condominium because multiple units and the association may be involved. Understanding your policy and the association’s responsibilities is important.
Personal Liability
Liability protection can be important if someone is injured in your unit or you are legally responsible for covered damage to another person’s property.
Deductibles & Limits
The right deductible and coverage limits depend on your property, belongings, financial situation and the requirements of your association or lender.
Getting Condo Insurance Can Be Simple
Lavon Insurance is an independent agency, which means we can review available options from multiple insurance companies rather than representing just one carrier.
Tell Us About Your Condo
Share information about your unit, location, belongings and insurance needs.
We Compare Options
We review available condo insurance options from multiple insurance companies.
You Choose Your Coverage
Review your options and select the coverage that fits your needs and budget.
Condo Insurance FAQs
Do I need condo insurance if my HOA has insurance?
Yes, condo owners generally need their own individual insurance policy. The association’s master policy typically does not replace coverage for your personal belongings, personal liability and other exposures that may be your responsibility.
Does condo insurance cover my personal belongings?
Personal property coverage can protect eligible belongings such as furniture, clothing, electronics and other personal items against covered causes of loss, subject to the policy terms, limits and deductible.
Does condo insurance cover improvements I made to my unit?
It may. Coverage for improvements and alterations can depend on the policy, the type of improvement and the condominium association’s governing documents.
Does condo insurance cover flooding?
Standard condo policies generally exclude flood damage. Separate flood insurance may be available depending on the property and flood insurance program.
Does condo insurance cover water damage?
Some types of water damage may be covered while others may be excluded or subject to specific limitations. The source of the water, policy language and responsibility for the damaged property can all matter.
How much condo insurance do I need?
There is no single amount that works for every condo owner. Coverage should take into account your personal property, qualifying improvements, liability exposure, deductible and any requirements from your association or lender.
Can Lavon Insurance compare condo insurance companies?
Yes. As an independent insurance agency, Lavon Insurance can review available options from multiple insurance companies depending on the coverage and property.
Let’s Compare Your Condo Insurance Options
Condo insurance should be built around your unit, your belongings and your individual risks. Lavon Insurance can help you compare available options and understand the coverage you’re considering.
Insurance coverage, exclusions, deductibles, limits and eligibility vary by insurance company and policy. This page is for general educational purposes and does not modify or replace the terms of an insurance policy. Coverage is subject to the applicable policy language and underwriting guidelines.