Washington Condo Insurance

Your condo is one of the most important investments you'll ever make. To protect it, you need the right kind of condo insurance. Get informed, and protect your condominium in WA State with a free Condo quote from AAG. 

Learn about WA Condo Insurance by going to our research center page.

In order to assure that your condo unit insurance is affordable, your condo association may use an association master policy. This policy was written to insures all of the building and common elements into one single insurance policy. In most cases, an association master policy usually provides coverage in one of three main areas:

1. The association master policy (AMP) insures simply the the structure/buildings but does not cover items inside the unit. This would provide coverage for items such as walls, roof, floors and elevators of the building but holds the home owner responsible for flooring, cabinetry, appliances, wall coverings, and occasionally, the interior walls.
2. The master policy could insure both the basic building or buildings and the items within your condominium unit besides personal property.
3. An association master policy can insure both the building structure, and or the unit owner's fixtures and improvements.

Most likely, the condo AMP does not cover personal property. If your master policy does not, you will need an additional policy to cover your valuables and belongings. In such a case, you will need additional coverage for anything you own that does not fall under the coverage in the AMP..

Condo Insurance for Your Personal Property

Take a few minutes and scan you personal belongings in your home. Evaluate how much all of your belongings are worth in your condominium unit and in your garage.

AAG Tip -

use an excel spreadsheet to track your items. They should include furniture, appliances, art, jewelery, electronics, laptops, television, DVD player, stereo, video game consoles, clothing, and other valuables. Think about the items in your garage, such as your vehicle, ATV, or motorcycle, bike and outdoor/camping gear. You have placed large investments in your personal property and now it needs to be protected with comprehensive condo insurance in Washington. This important purchase will protect your personal property against loss or damage from many specified causes, such as the following:

• Fire damage
• Theft
• Weight of ice, snow or sleet
• Freezing pipes
• Windstorm or hail damage
• Vandalism or malicious mischief
• Vehicle damage
• Riot or civil commotion
• Accidental discharge or overflow of water
• Accidental eruption of hot water heating system
• Smoke damage
• Explosion

Did you know that most basic WA condo insurance coverage does NOT include compensation for damages caused by flood or earthquake. AAG can quote you for both and evaluate your insurance needs.

As a condominium owner, you have many benefits but you are also exposed to unique risks. Unlike a single-family homeowner, you have a number of policies in force between your personal insurance and the community insurance. You need to make sure that this insurance overlaps so as not to let risk seep through the seams.

Because there are various policies in place, you need to make sure that you don't overpay for unneeded insurance--already covered by the master insurance plan--and that you have extra liability insurance where the master insurance stops.

Your condo in WA is in a communal setting but your insurance needs to be individual or your may be paying too much and you probably have great liability risk.

Worried about costs. Don't be--WA condo insurance can be very affordable.

Condo insurance in WA is like a suit that needs to be individually tailored: if it's too big then you overpay for what you don't need and if it's too small then you may expose yourself to lawsuits.

WA Condo insurance is available at reasonable rates to anyone who owns property in a development with joint property ownership. It is distinct from homeowner insurance because it works in conjunction with your association's insurance policy.

Here are two reasons to act now!

1. It is important for your protection to have your condominium insurance in place before any claims are made--not just from you but also from anyone else on the condominium property.
2. We can provide you with a no-risk quote within a day.  Just fill out this short form to get an inexpensive policy that will protect you and your home.  Free condo insurance quote form.

Want to learn more about Condo Insurance in WA? go to our "What do i need to know about condominium insurance" page.  AAG can also write your condo in Idaho, Montana, Oregon, and Nevada, as well as Washington.