Florida Condominium Insurance
You probably chose to buy a condo rather than a house for several reasons.
- Condos require less maintenance than a house
- Condos tend to be more affordable than houses
- Florida property taxes are lower for condos due to their lower purchase price
- Access to condominium association facilities
- Better security for times when you are away from home
Whatever your reason for buying a Florida condominium, you now need to insure it affordably!
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Condominium insurance is similar to homeowners insurance, with the exception that you do not usually insuring the dwelling itself. Most condominium associations have a common policy to insure the portion of the dwelling to the inside walls. Your condo insurance will cover the cost to refinish the inside of your unit and also replace your personal belongings.
Check with your association to see exactly what your specific contract requires you to insure. Your condo association dues pay for the common dwelling coverage, and possible insurance for liability protection in common areas.
Condos are common in Florida, as high real estate prices neccesitate the use of multi-family units on smaller real estate parcels. Cheap condominium insurance in Florida is available through top national insurance companies, but you will need to get a free insurance quote to find out which company currently has the cheapest condo insurance rates in Florida.
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Many condominium insurers offer multi-policy discounts for combining your condo policy (also known as HO-6 coverage) with your auto insurance. Consider quoting both your condominium insurance and car insurance with the same company in order to save 20% or more on your premiums.