Condo Insurance

 

Why do I need condo insurance?

Condo insurance provides financial protection against disasters. A standard policy insures the condo itself and the things you keep in it. Condo insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family may cause to other people. Damage caused by most disasters is covered but there are exceptions. Two common exclusions are flood damage and damage from poor maintenance. You must buy a separate policy for flood coverage. Problems caused by poor maintenance are the condo owner’s responsibility.

What does condo insurance cover?

Dwelling/building additions and alterations

On a condo unit owners policy, this part of the policy covers the parts of your unit that you’re responsible for insuring under Florida law and your condo’s declaration, described below. Depending on the policy, this property is covered either for the causes of loss the policy names or for all causes of loss except those the policy excludes.

Applicable to condominium unit owners. Under Florida law, the unit owner is responsible for insuring these items when they are inside the unit and serve only that unit (section 718.111(11)(f)3., Florida Statutes):

• Floor, wall and ceiling coverings
• Electrical fixtures
• Appliances
• Water heaters
• Water filters
• Built-in cabinets and countertops
• Window treatments, such as curtains, drapes and blinds

Who insures heating and air conditioning equipment depends on your condo’s declaration, so check it or ask us to review it with you. Improvements that you, a previous owner or the developer added only for your unit, beyond the standard features built into every unit, are generally your responsibility as well (section 718.111(11)(n), Florida Statutes).

Contents

Covers your personal property, such as: furniture and clothing, and items that are not attached to or built into the home. Covers these personal items for loss due to specific causes such as: fire, smoke, wind, theft, and other causes as described in the policy.

Personal liability

Covers damage to others for which you are held liable except as limited or excluded by the policy.

Medical payments for others 

Pays for medical or funeral expenses of others who are injured on your property or caused by your activities on or off your property.

Loss of use 

Pays for reasonable living expense if you are not able to reside in the home due to a covered loss.

Condominium loss assessments

Covers your share of an assessment against all condominium unit owners for a direct loss to the condominium property owned by all unit owners collectively. Loss must be caused by a peril insured against.

If Citizens Property Insurance Corporation, Florida’s state-created insurer, insures your unit on a condominium unit owners form, Florida law exempts that policy from Citizens’ flood insurance requirement (section 627.351(6)(aa)3.b., Florida Statutes (2026)). Details.