Condo Unit Owner Insurance in Massachusetts
For Mass condo owners and all condo owners, it is important to know whether you have the correct insurance in place to cover your personal property. Do you ask yourself this question - Does the Condo Master Insurance Policy cover me?
How much would it cost if you had to replace all your furniture, all your clothing and personal belongings due to something like a smoke or fire loss?
Your Personal Property is probably NOT protected under the Condominium Association's Master Insurance Policy.
In addition to your personal property, there are other reasons to have a Condo Insurance Policy if you own a condominium.
Most of these policies, also known as HO-6 policies, can:
- protect your personal possessions whether they are in your unit or whether you are travelling.
- Provide Additional Living Expense. If a covered loss makes your condo uninhabitable, most HO-6 policies provide for "Additional Living Expense" the reasonable additional costs you may incur if you have to live elsewhere while your condo is being repaired.
- Provide Personal Liability - may cover you if others claim you caused them bodily injury or damage to their property.
- Medical payments - can cover some medical expense that may arise if you accidentally injur someone.
As always, we recommend you speak directly to an agent for specific coverages available on your policy. It's easy to get a quote and understand more about the Condo Unit Owners Policy. Call us today at 617-846-5000, or, contact us 24/7 below!