What is condo association insurance?

The owner of a condominium is responsible for insuring his or individual unit and has a shared interest with the other owners in the building to protect the building as a whole. The condo association handles insuring the building’s exterior structure and common areas. Essentially, condo association insurance provides a blanket of coverage over the whole property.

Who benefits from condo association insurance?

Everyone who owns a condo benefits from condo association insurance. This is why part of the homeowner association fee goes toward purchasing this coverage. Individual condo policies cover personal belongings and interior fixtures. But, the association’s policy covers the roof, foundation and exterior walls. If disaster strikes, this coverage is often vital for rebuilding.

A good condo association policy includes property and liability coverage. There are also additional coverage options available. No two condo associations are exactly alike. We can assess your needs and offer coverage recommendations.

Get started today!

Condo association insurance is essential for managing the building and protecting the people within. Call us for more information, including a free quote to get you started.

Why choose LN Davis?

We are a fourth-generation family-owned independent insurance agency, providing insurance to many COAs and HOAs in Waynesville, Canton, Maggie Valley, Asheville, Sylva, Bryson City and beyond since 1933. Gary Lance has 33+ years of experience writing insurance for Condo and Homeowners Associations in North Carolina, making insuring COA/HOAs one of our specialties. 

 

Our team of insurance professionals has the experience and knowledge to help guide you through the different parts of your insurance package. Whether it's discussing coverages or claims; or quotes and premiums, we're always happy to help. 

Located on historic Main Street in Waynesville, North Carolina, The LN Davis Insurance Agency is here when you need us.