Condo • Townhouse Insurance
Coverages
Additional Coverages
- Additional Living Expenses
- Improvement, Alterations, Additions
- Loss of Assessment
- Off-premises Coverage
- Content Replacement Cost
- Personal Articles Floater
Discount
Personal Property
Your policy covers your personal property, anywhere in the world, up to your basic limits.
Your personal property is covered for damages resulting from the following:
• Fire or lightning
• Windstorms or hail
• Explosions Damage to glass Riot or civil commotion
• Falling objects
• Aircraft and Vehicles
• Sudden and accidental smoke damage
• Sudden and accidental discharge of water or steam from plumbing system or appliances
• Vandalism
• Theft
• Weight of ice, snow or sleet
• Bulging, crackling, and burning of steam or hot water heating systems and water heaters
• Artificially generated electrical current (does not include loss to tubes, transistors or similar electronic component)
• Freezing of plumbing, heating, air conditioning systems, appliance
• Collapse of Building
Personal Liability
Your coverage pays for bodily injuries to other people or damage to their property if you are liable, when the damage is caused by the following:
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All medical payments for other people injured on your premises, regardless of your liability, will be paid up to the limits you determine.
Your personal property is covered for damages resulting from the following:
• The use of your premises, including swimming pools.
• The acts of your pets
• Unintentional acts committed by you or qualified family members, either on or off your premises
Additional Liability Coverage
Emergency First Aid pays expenses you incur for necessary medical aid to other people at the time of an accident covered by the policy.
Damage to Property of Others pays up to $500 for damage to property of others caused by you or your qualified family member when you or they are not legally liable.
Legal Expenses
Your coverage pays expenses in a suit we defend on your behalf, such as court costs, attorney fees, investigator fees, expense of witnesses and witness fees. Any expenses you incur at Farmers' request, including up to $60 a day for actual loss of wages are covered. Farmers also pays the premium on appeal bonds and bonds to release attachments.
Additional Living Expenses
If your condominium unit becomes uninhabitable due to an insured loss, we pay for those extra costs of housing, eating expenses, etc., up to the applicable limit.
Improvements, Alterations, Additions
You are also covered for accidental damage to improvements you make in you unit for which your association’s policy does not provide coverage, up to $2000 or 10 percent of your basic coverage amount. You may also arrange higher limits
Loss of Assessment
You’ll receive up to $1,500 assessment arising from covered damage. This can be used to pay for your share of property damage or injury awards which your association’s policy does not provide coverage. Up to $50,000 is available depending on your policy.
Off-Premises Coverage
This option is available at an additional cost and extends coverage for your personal articles, such as jewelry, furs or fine arts, when their value is higher than the limits stated in your policy.
Contents Replacement Cost
Extend the coverage on your personal property to include the cost of repair of replacement without deduction for the depreciation, but no more than the policy limit, with this option.
Personal Articles Floater
This option is available at an additional cost and extends coverage for your personal articles, such as jewelry, furs or fine arts, when their value is higher than the limits stated in your policy.
Non-Smoker Discount
If qualified family members have not smoked tobacco products in the past two years, you can save money with our non-smoker discount.
Protective Devices Discount
Equip your condominium with one or more safety features, like a working fire or smoke alarm, a burglar alarm, deadbolt locks, a working fire extinguisher, or an automatic sprinkler system and you can take advantage of special discounts.
Auto/ Home Discount
By insuring your auto(s) and home as a package, you may qualify for the Auto/Home discount.
50 Plus Discount
Age has its privileges - you are 50 or more years old, you may qualify for our 50 Plus discount.
Contact us for more information on Condo/ Townhouse, or submit a quote request today.
This is a general description of coverage and is not a policy contract. The policy itself should be read for your coverages and exclusions. Insurance coverage underwritten by Farmers Insurance Group of Companies.