How are Condo policies different?

How is a unit owners policy different from a standard home insurance policy?

A unit owners policy is usually appropriate for the individual condominium/association unit owner when the association insures the physical structure. It is somewhat like a standard home insurance policy, with some differences.

How It's Similar

• Coverage A, Building Property, protects your items of real property which are a part of your unit and your responsibility according to the governing rules of your Condominium/ Association.
  
• Coverage L, Personal Liability, can help protect your assets in case you are legally responsible for property damage or injury to others.

State Farm® can tailor your policy to suit your needs. What coverages are available?

How It's Different

• Coverage D, Loss Assessment, protects the unit owners policy and can help you meet certain obligations that arise from your shared responsibility within the Condominium/Association.
• The unit owners policy can help you meet certain obligations that arise from your shared responsibility within the Condominium/Association.

This content is only a general description of coverages and is not a statement of contract. All coverages are subject to the terms, provisions, exclusions and conditions in the policy itself and any endorsements.