Condo Insurance in Anchorage, Alaska
The valuables inside your condo are your responsibility, not your homeowners association's, which is exactly why a condo insurance policy is a must.
Your association's master policy covers the building's structure and common areas, but it stops at your front door; your carpet, clothes, and furniture aren't included.
That gap is exactly what condo insurance fills.
A typical condo policy includes coverage for:
- Personal property
- Replacement value of your primary dwelling and specified permanent attachments, up to a specific value
- Bodily injury if someone is hurt on your property (just like a homeowners policy)
- Liability for property damage
- Damage protection from dangers such as fire, frozen plumbing, vandalism, glass breakage, etc.
A standard condo policy covers most of your personal belongings, along with your walls, floors, and ceiling finishes. Most associations hold the owner responsible for everything inside the unit, including built-in fixtures like kitchen cabinets and appliances.
Ready to shop for a Condo Insurance policy, sometimes called an HO6, give Alaska Service Agency a call at (907) 337-2311.
Frequently Asked Questions about Condo Insurance
What does condo insurance cover?
Condo insurance covers what is inside of your condo, not the building itself. Your HOA master policy will protect the building while a condo policy is intended to protect everything inside of your walls such as your kitchen cabinets, appliances, clothes, etc.
What does condo insurance not cover?
A condo policy does not cover the building's exterior or common areas.
Do I need condo insurance?
You need to have condo insurance if you live in a condominium. The building itself is protected by the master HOA policy on your condo, but everything inside your unit is not covered unless you have your own condo insurance.
