Condominium Insurance in Greenville, SC
Condo insurance is essential for helping you manage unexpected costs tied to your space and belongings. La Cima Insurance Agency LLC can assess your situation and help you secure the appropriate policy.
Why Is Condo Insurance Important? 
Condo associations typically carry a master policy that covers the building’s structure and shared areas. However, this policy doesn’t extend to your personal property or any upgrades you’ve made inside your unit. Your mortgage lender and condo bylaws may also require you to carry your own insurance to help maintain the value of your unit after a disaster.
What Does My Policy Include?
A condo insurance policy fills in the gaps left by the condo’s master policy. Here’s what your policy may cover:
- Small appliances, clothing, electronics, furniture and other belongings if stolen or damaged due to a covered event.
- Repairs to parts of your unit not covered by the master policy, such as cabinets, flooring and built-in appliances.
- Legal costs if someone is injured in your unit or if you accidentally damage others’ property.
- Temporary accommodation, meals and other living expenses if you must vacate your condo after a covered event.
Condo insurance typically does not cover damage from floods, earthquakes and sewer backups unless you’ve added specific endorsements. Wear and tear, pest infestations and damage from neglect are also typically excluded. If you run a business from your unit or rent it out short-term, you may need additional coverage to address those risks. Always review your policy details to understand its exclusions before a loss happens.
What Factors Influence Condo Insurance Rates?
Rates vary based on your location, building type and the level of coverage you choose. Older buildings or units with high-end finishes may cost more to insure. Ask your agent about potential discounts for adding security features or bundling policies with the same insurer as your condo association.
Secure Your Policy Today
Contact La Cima Insurance Agency LLC today for coverage you can count on. Our agents can help you build your custom policy.