Condo Insurance
We offer many forms of condo insurance at ESCO Insurance Services. Whether you own or rent a condo, it is vital that you consider protecting your unit and your personal items. Condo insurance operates similarly to home insurance in protecting your home from theft, damage, vandalism, and much more.
Condo Insurance Requirements
Condo insurance is legally required in Texas for all persons who own their condos and pay a mortgage. If you rent your condo, you are not required to obtain insurance, but it is still recommended.
Condo Insurance Coverage
Here is everything you need to know about condo insurance coverage:
- Building property- In Texas, this policy will protect the inside of your condo unit, including the walls. This also includes fixtures and shelving that you put in yourself.
- Personal property- This keeps all your personal belongings, including clothing, furniture, and electronics, protected in the event they become damaged or stolen.
- Loss of use- If your condo becomes damaged by a fire or other natural disaster, this will cover your living expenses temporarily.
- Personal liability- If someone sues you for bodily injury or property damage that occurred in your unit, this will cover your court and defense costs.
- Medical payments to others- This will cover medical costs for any persons injured while on your property.
