Condo Insurance in Katy, TX
Condo ownership involves many of the same risks as both owning and renting a home, and your insurance coverage should reflect that. Your association’s master policy may cover one part of your needs, and a condo insurance policy may help address the rest. At TS Insurance, our team helps owners in Katy, TX see where the line falls for their building.
What Does Condo Insurance Cover?
A condo policy is designed around the space you own and the life you have built inside it. Coverage commonly includes:
- Personal property—Your policy may help pay to repair or replace furniture, electronics, clothing and other belongings damaged by covered events, such as fire, theft or water damage.
- Liability coverage—Condo insurance can help cover costs if a guest is injured in your unit or if you accidentally damage a neighboring unit, and may extend to incidents away from home.
- Loss of use—Policies may help pay for temporary housing and additional living expenses if your unit becomes uninhabitable after a covered loss.
- Interior improvements—Your insurance may help cover upgrades you have made to flooring, cabinetry, countertops and fixtures.
- Loss assessment—This part of your policy may help cover your share of a covered loss that the association’s master policy does not fully address.
Coverage limits and terms often vary by policy, so reviewing the details with your agent can help you identify potential gaps.
Why Is Condo Insurance Important?
Your association’s master policy has boundaries, and coverage typically stops at your front door. Some master policies cover only the building’s bare structure, leaving interior finishes and belongings to the unit owner, while others cover more, such as interior, built-in fixtures like cabinets and shelving. Reviewing your association agreement alongside your own policy shows which costs may fall to you after a covered loss.
Contact Our Agency
Contact TS Insurance to review your options and build a policy tailored to your unit and association agreement.