Condo Insurance Agency in Florida
While Florida state law does not mandate individual condo insurance, your mortgage lender or your specific condominium association will almost certainly require you to carry a policy.
What It Covers vs. What Your HOA Covers
Condo insurance works on a “walls-in” principle. It covers everything that the Condo Association’s master policy leaves out:
- Your Policy (HO-6): Covers your personal belongings, interior walls, flooring, cabinetry, appliances, personal liability, and additional living expenses if a disaster makes your unit uninhabitable.
- The Association's Master Policy: Covers the building’s exterior structure, roof, elevators, hallways, and shared community amenities.
Crucial Add-ons for Florida Owners
Standard policies have gaps that you should address through endorsements:
- Loss Assessment Coverage: Highly critical in Florida. If a hurricane damages common areas and the HOA's master policy deductible isn't met, the association can issue a special assessment bill to all unit owners. This coverage helps pay your share.
- Flood Insurance: Standard policies cover wind and rain from hurricanes, but exclude rising storm surge or flood water. Ground or lower-floor occupants should purchase a separate policy.
- Water Backup: Covers damages if shared building drains or sewer lines back up into your unit.
Emerlin Insurance Agency can help locals who live in condos insure them. We are members of the community just like you, so we know what should be included in a condo insurance policy. Here, you’re a person and member of the family instead of just a number. We seek to cultivate lifelong relationships with our customers, providing them the best service possible.
Contact us today to speak with a local agent regarding condo insurance.
