Condo insurance is similar to homeowner’s insurance. It provides coverage for the interior of a condo and the condo owner’s personal belongings. However, unlike homeowners’ insurance, it doesn’t cover a condominium’s exterior or common areas. Condo owners own the interior walls, floors, and fixtures of their condo. The Bogden Insurance Agency team in Berlin, CT is dedicated to helping condo owners understand how condo insurance works.

How does condo insurance work?

Condo owners invest in condo insurance to protect the interior of their condos. This insurance is designed to pay for the interior structure of the condo, including the floors, walls, fixtures, and the personal items of the condo owner. It also includes liability coverage if someone is injured or incurs property damage while visiting your condo. In short, condo insurance is bonded coverage designed to protect the interior of your unit, the fixtures, plumbing, and more. Condo insurance also covers repairing or replacing your personal belongings if they’re damaged due to a covered event or situation. 

Will condo insurance cover the carpet damage from my burst pipes?

Yes. If your pipes burst, your condo insurance will pay for the replacement and repair of your burst pipes and anything else that’s damaged due to the incident. However, if your pipes burst due to negligence on your part, the repair or replacement of your pipes, as well as any other damaged items, may not be covered by your condo insurance. If you have questions regarding what’s covered by condo insurance, call us. We’d happily answer your questions and help you explore your options.