Buying Condo Insurance: Know Your Boundaries Before You Purchase

Are you shopping for condo insurance for your new Fort Myers, FL home? Before you sign on the dotted line, make sure you know where your property begins in the complex and what the condo association is responsible for maintaining. Your agent at SWFL Insurance Agency Inc. knows that condos come in all shapes and sizes, so your insurance policy must be written to fit your unit–not your neighbor’s.

Hallways, Entries, and the Front Porch

Are you buying into a high-rise or garden style condo? If you share the floor with a neighbor, the connecting hall, elevator, stairs, and even the front door are the responsibility of the COA. However, when you own the entire floor, you will be expected to cover any damage that happens from the ceiling to the carpeting. In a townhome, if everybody has a front porch, those are likely part of the association. Only your deed and plans will show you the details.

Yards, Pools, and Patios

Shared space usually results in shared liability. Should your unit have a private walled-in yard with a hot tub, that should be listed on your insurance policy. However, if you hold parties at the big pool and playground, liability coverage switches to the association as long as you follow all the rules and regulations.

Shared Walls and Roofs

What about your duplex? This can get sticky. Check with your COA to see who is responsible for the walls, interior plumbing, wiring, and structural elements when your unit is part of a multi-family home. You may wish to increase your coverage if the roof is listed as yours. 

Save your sanity and your wallet when you sit down with an SWFL Insurance Agency Inc. agent and design a condo insurance policy that fully protects your Fort Myers, FL home.