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Condo Association Insurance


Condo Association Insurance Information

Condo Associations

 

What is condo association insurance?

The owner of a condominium is responsible for insuring his or individual unit and has a shared interest with the other owners in the building to protect the building as a whole. The condo association handles insuring the building’s exterior structure and common areas. Essentially, condo association insurance provides a blanket of coverage over the whole property.

Who benefits from condo association insurance?

Everyone who owns a condo benefits from condo association insurance. This is why part of the homeowner association fee goes toward purchasing this coverage. Individual condo policies cover personal belongings and interior fixtures. But, the association’s policy covers the roof, foundation and exterior walls. If disaster strikes, this coverage is often vital for rebuilding.

A good condo association policy includes property and liability coverage. There are also additional coverage options available. No two condo associations are exactly alike. We can assess your needs and offer coverage recommendations.

Get started today!

Condo association insurance is essential for managing the building and protecting the people within. Call us for more information, including a free quote to get you started.




 
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Securities and investment advice offered through Investment Planners, Inc. (Member FINRA/SIPC) and IPI Wealth Management, Inc., 226 W. Eldorado St., Decatur, IL 62522. 217-425-6340.
Tomei Insurance Agency is not affiliated with Investment Planners, Inc. or IPI Wealth Management, Inc.
Insuring: Gurnee, Waukegan, Zion, Mundelein, Libertyville, Grayslake, Antioch, Ingleside, Round Lake, Round Lake Park, Round Lake Beach, Beach Park, and Great Lakes, Illinois as well as Kenosha, Racine and Pleasant Prairie, Wisconsin. Along with other counties in Lake County, IL and we're just a short 40 miles north of downtown Chicago.
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223 N. IL Route 21 (at Washington St) | Gurnee, IL 60031
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