Covering Your Condo

Policies to Defend Your Home

Condo communities live together, but they're not shielded together. Often, your condo association insurance covers the outside of your building and doesn't completely cover your personal condo or property. PEMCO is here to help you select the right coverage to protect your things and your home.

 
Condo insurance rates & discounts

Workers reading construction plans.

Protecting your property

Add a layer of protection for your personal property in the event of fire, theft and other instances of destruction.

Personal Property Coverage

PEMCO protects the things in your condo, including furniture, appliances and clothing. It also covers your things when you travel or if belongings are stolen from your car. For expensive items like jewelry, cameras, guns and computers, you’ll want to talk to your PEMCO agent to make sure you’re covered.

Replacement Cost Coverage

If your things are stolen or damaged, PEMCO will pay you what it will cost to replace your belongings at today’s prices (instead of what you paid originally or the item’s depreciated value).

Loss of Use Coverage

If you can’t live in your home due to a covered loss, PEMCO will help you with living expenses while it’s being repaired or rebuilt.

Family together in a living room.

Protecting you from liability claims

PEMCO can help give you peace of mind and protection if you’re found legally liable for injury or damage at your condo.

Loss Assessment Coverage

Loss assessment coverage protects you if there’s ever a loss under your condo association master policy — including payment of a portion of your share of the master-policy deductible, up to $1,000. For example, if wind damages the roof, the roof repair is covered under your condo association master policy, but each unit owner is still responsible to pay a percentage of the deductible. Without loss assessment coverage, those repair costs come out of your pocket. PEMCO offers loss assessment coverage that’s very affordable — $50,000 of coverage for as little as $25 per year in some cases.

Personal Liability Coverage

This coverage helps you if you’re held legally liable when someone is hurt or something of theirs is damaged.

Medical Payments to Others Coverage

No matter whose fault it is, PEMCO helps pay medical bills for a guest injured at your home. This also covers you if you accidentally injure someone when you’re visiting.

FAQ

Tips & Resources

 
 
What if a tree falls across two property lines? Will my Homeowners Policy cover it or will my neighbors?

You and your neighbor should both file a claim with your own insurers. Your policy's liability section may provide coverage if you've been negligent in taking care of the tree, and that negligence contributed to the tree falling. 

The policy will provide coverage for the damage to your home. Debris-removal coverage also will be available, up to $2,000, since the tree damaged a covered structure.​

Will I be covered if my pipes freeze?
The policy does provide coverage for damage from freezing pipes. If the home is vacant, unoccupied or under construction, there’s only coverage if you’ve taken care to heat the home or shut off the water and drain the system.​
When I go on vacation, are my belongings covered?
Yes, the same coverages that protect your belongings at home protect them while you're away on vacation.​
Does my policy cover earthquake damage?
No, they're not covered by our renter, condo or homeowner policies. We understand the need for this important coverage, and PEMCO Agency can help you secure a quote with a specialized earthquake insurance carrier. Please call 1-800-467-3626 to learn more.​
How do you determine my home's replacement cost?
Your home is being insured for what it would cost to rebuild it. Some of the factors we review include geography, cost of materials and labor, ease of access to the site, etc. It's different than an assessed or appraised value. ​
Will my insurance cover me if I can't live in my home because of a claim or an evacuation order?
Your Loss of Use provision will help you with living expenses if you can't live in your home. It can also be triggered without damage to your home if the authorities order an evacuation. If you're evacuated, once you've reached a safe location, please call us at 1-800-467-3626.​
Does my policy cover flood damage?
Damages due to environmental flooding (water outside the home) aren’t covered by renter, condo and homeowner policies. Flood insurance is available through the National Flood Insurance Program. Our professionals at PEMCO Agency can help you get a policy. For more information, call 1-800-467-3626. ​
How do I make sure specific items I own are covered, like jewelry or bikes?
To make sure you have the right level of coverage for these specific items, please contact us​.​