Condo Insurance

Here's a question that trips up a lot of condo owners: if the building is insured by the association, why do you need your own policy? The short answer is that the master policy usually stops at your unit's walls. DLB Insurance helps Massachusetts condo owners cover everything the association's policy leaves out.

Where the Association's Policy Stops

Most condo association master policies cover the building's exterior and shared common areas. What happens inside your unit, along with your personal belongings and your personal liability, is typically up to you. A personal condo policy fills that gap.

What Your Condo Policy Can Cover

• Interior finishes such as flooring, cabinets, and fixtures
• Personal belongings like furniture, electronics, and clothing
• Liability if a guest is injured inside your unit
• Loss assessment, which can help with certain charges the association passes on to owners

Loss assessment coverage is easy to overlook, but it can matter a lot if the association bills unit owners for a shared loss that exceeds the master policy.