Condominium insurance is unique. Your condo insurance policy covers your personal property and liability, as well as any additions, alterations and improvements you make to your unit that are your responsibility based on the condo association agreement.

Optional loss assessment coverage is also available to protect you against certain assessments that may be levied by the association. You would be compensated for additional living expenses incurred should you need to vacate your condo after a covered loss. Let G&G Independent Insurance help you find the right amount of coverage to suit your condo insurance needs.

Condo Insurance Options in Little Rock, Arkansas

Condo insurance provides coverage for your personal property and much more. For a few more dollars, you can elect to carry Full Value Personal Property which ensures that you are reimbursed full replacement value without regard for depreciation after a covered loss.

If you have upgraded cabinets or put in hardwood floors, condo building item coverage protects these investments. Be sure to consult your HOA agreement to determine what the Association policy covers and what you are responsible for. If common areas are damaged, your condo association may levy assessments against all the owners to pay the deductible on their association policy.

Various limits of loss assessment coverage are available. Be sure to consult the HOA agreement to determine the potential for such assessments. We can help you determine your coverage needs to make sure you’re properly covered.

What does Condo Insurance Cover?

Personal Property Coverage

This coverage helps protect your personal belongings in the event they are damaged or destroyed due to covered perils such as fire, theft, vandalism, or weather events.

Liability Coverage

This coverage provides protection in case you are found legally responsible for causing injury or property damage to others. It can help cover medical expenses, legal fees, and damages awarded in a lawsuit.

Loss Assessment Coverage

This coverage helps protect you against assessments made by the condominium association to repair or replace common areas or shared property.

Additional Living Expenses Coverage

This coverage helps pay for additional living expenses, such as hotel costs or temporary housing, if your condo becomes uninhabitable due to a covered loss.

Unit Owners Coverage

This coverage is specifically designed for condo owners and can help cover damages to the interior of your unit that are not covered by the condo association’s master policy.

Building Property Coverage

This coverage protects the structure of the building, including the walls, roof, and foundation, as well as any common areas such as elevators or stairwells. This coverage is typically provided by the condo association’s master policy, but it’s important to check the policy to ensure it provides adequate coverage.

It’s important to review your condo insurance policy carefully to make sure you have the right coverage for your needs. Some policies may offer additional options, such as earthquake coverage or flood insurance, which may be important depending on where your condo is located.

Find unique insurance that is right for your condo

Contact us to identify the best combination of coverage, value, and price for you. We can help make sure your Little Rock condo insurance continually meets your needs.