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Comprehensive Condo Insurance Policies

Do You Need Personal or Business Insurance?

What type of insurance do you need?

IQ Risk understands that as the owner of a condominium unit, your insurance needs are different from other homeowners. Chances are your association purchased a master policy to cover common areas like the exterior building and walkways. But you are responsible for insuring your individual, personal interests within your unit. You need both personal property and liability insurance.

Please NoteThis material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy. For an actual description of all coverages, terms and conditions, refer to the insurance policy. Coverages are subject to individual insureds meeting applicable underwriting.

A Condominium Policy Protects:

  • Furniture.
  • Clothing.
  • Appliances.
  • Personal Belongings, no matter where they are used.
  • Personal Liability, that protects you against a claim or lawsuit if someone is injured or their property is damaged while in your condo.
  • Cost of Common Property Loss, assessed by the condo association on all unit owners.

Unmatched Selection of Coverage Options:

  • Contents Replacement. Provides full replacement cost for personal belongings with no deduction for depreciation.
  • Personal Injury. Protects you against libel and slander.
  • Identity Fraud. Covers expenses incurred with identity theft.
  • Valuable Items Endorsement. Provides a blanket of coverage that is broader than what a basic Homeowners policy provides. It is the right coverage for people who own valuable possessions such as jewelry, artwork cameras and computers.
  • Personal Articles Floater. Provides even more comprehensive coverage than the Valuables Items Plus endorsement. It is the right coverage for people who wish to protect items that have been carefully selected and whose values exceed the limits of either the Condominium policy or the Valuable Items Plus endorsement.
  • Umbrella Policy. Offers an additional $1 million to $5 million of liability protection.
  • Flood Coverage. Flood damage is typically not covered under a homeowners policy. This affordable coverage covers damage to your property and provides cleanup reimbursement.
  • Pleasure Boat Insurance for small watercrafts.

Get Maximum Value with Competitive Pricing and Money-Saving Discounts

IQ Risk offers Condominium Insurance that is competitively priced. We offer great value with many money-saving discounts:

  • Claim free discount (available in most states)
  • Security discounts for homes equipped with:
    • Smoke detectors
    • Dead bolts
    • Fire extinguishers or alarm systems.