Get condo unitowners
insurance
Help protect your condo from fire, theft, and other covered causes of loss with State Farm® Condominium Unitowners insurance. Plus save money when you purchase both a home and car insurance policy with State Farm.*
Why you need insurance for your condo unit
Your condo association likely won’t insure your unit or the personal property inside. Their insurance typically focuses on the building structure and common areas.
A State Farm agent can help you choose the most appropriate protection plan for your condominium unit.
What condominium
unitowners
insurance covers1
What condominium unitowners insurance covers1
Weather damage
Lightning, wind or hail, freezing of a plumbing system, weight of ice, snow or sleet
Non-weather damage
Fire, theft, vandalism, riots, explosion, smoke, aircraft and vehicles
Other causes
Abrupt and accidental discharge of water from plumbing system, tearing/bulging of heating or cooling systems, artificially generated electrical current
What’s not covered?2
Natural & other causes
Damage from flood, underground water, earthquakes, mudslides, settling, deterioration, contamination, nuclear hazard, birds, rodents, insects or domestic animals.
Work-related
Business pursuits or professional services. Learn more about business owners policies.
Vehicles
Ownership, operation, use, or maintenance of aircraft, motor vehicles, and certain watercraft.
To get coverage beyond your condo unitowner policy to replace your valuable items, consider a personal articles policy.
Property values
Know the value of your belongings
Adding up the worth of computers, electronics, appliances, jewelry, clothes, furniture, maybe even something particularly valuable like an engagement ring, art collection or musical instrument can help you determine how much condominium unitowners insurance coverage you need.
Some interior features of your unit, such as cabinets, countertops, carpet, doors, drywall and other portions of the unit may not be covered by your master policy. A State Farm agent can help you determine the value of your unit.
Understanding replacement costs
One of the most important aspects of condominium unitowners insurance is the replacement cost for personal property. We offer two coverage options.
Limited replacement cost loss settlement
Pays for the cost to repair or replace your damaged property up to the limits of liability.
A depreciated loss settlement
Pays the cost to repair or replace damaged property minus the pre-loss depreciation up to the limits of liability.
Condo insurance savings
Combining the purchase of your condo and auto policies isn’t the only way you can save money. From home security devices to a claim-free history, we’ve got options for discounts to help make insurance more affordable.*
Covering medical and liability
Rest easy, the policy provides protection for covered liability claims or lawsuits.
Policy coverage limits
Like all homeowner’s policies, condo unit owner policies have maximum limits the company will pay for loss to specified types of property (these limits can vary among companies). What’s on a typical “special limits” list?
- Money, bank notes, coins
- Business property
- Watercraft including trailers, furnishings, and equipment
- Trailers (other than boat trailers)
- Firearms (applies to theft only)
- Silverware and goldware (applies to theft only)
- Computers and data processing equipment used for business
- Rugs, tapestries (theft only)
If you need higher limits for certain types of property, your State Farm Agent can help.
Want to know more about condo insurance?
Get the most out of your condo investment.
Learn what you need to protect.
Protecting yourself from burglary
Tips to keep a better safeguard on your things
Learn how and why you should keep a list of all your belongings and their worth.
State Farm life insurance benefits
Take time to cover yourself.
It wouldn’t be home without them. Are they covered, too?
Protect your place from electrical fires
State Farm and Ting could help you prevent electrical fires before they happen – for free.
* Discounts are subject to state availability and eligibility requirements.
1 This content is only a general description of coverages and is not a statement of contract. Details of coverage or limits vary in some states. All coverages are subject to the terms, provisions, exclusions, and conditions in the policy itself, and any endorsements. See your policy and any additional endorsement for exact coverage details or for further information, please see a State Farm agent.
2 Please refer to your actual policy for a complete list of covered property and covered losses.
State Farm Fire and Casualty Company
Bloomington, IL
State Farm General Insurance Company
Bloomington, IL
State Farm Florida Insurance Company
Winter Haven, FL
State Farm Lloyds
Richardson, TX