CONDO & RENTERS INSURANCE

Looking for Condo & Renters Insurance in Missouri?

Stocker Insurance has you covered!

Purchasing a condominium is a great way to have a sense of ownership without the many hassles of owning a house. While your condo association typically takes care of the building’s exterior, landscaping, and roof, as a condo owner, you’re still responsible for the interior of your unit and your personal belongings. That’s where condo insurance comes in.

Condo insurance, also known as an HO-6 policy, is the best way to protect your belongings from damage or theft. It will also cover you for liability claims should someone get injured while visiting your unit. When considering a condo insurance policy, here are some key things to think about:

• Fire, Weather, Theft, and Vandalism Coverage – Just like homeowners insurance, condo insurance will protect against common perils like fire, weather-related damage, theft, and vandalism. However, some additional risks, like flooding and earthquakes, may not be covered under a standard condo policy. You may need to add an endorsement or separate policy to cover these types of events.
• Liability Protection – Condo insurance also includes liability coverage. If someone gets injured in your unit, your policy will cover their medical expenses, preventing costly lawsuits or the need for you to pay out of pocket. This is typically the least expensive part of your policy, but it’s essential to have enough liability coverage to protect yourself in a worst-case scenario.

Understanding Your Condo Association Policy

It’s equally important to understand what your condo association’s policy covers. There are three types of master policies that the association may have:

1. Bare Walls Coverage – This policy insures only the structure and walls. As a condo owner, you’d be responsible for your fixtures, flooring, and personal property.
2. Single Entity Coverage – This policy covers the structure and common fixtures, but typically excludes any renovations or personal improvements you’ve made.
3. All-Inclusive Coverage – This policy covers all fixtures and any improvements made by individual owners, leaving you responsible only for your personal property.

Renters Insurance

Renters insurance is just as essential for tenants. It protects your personal belongings from things like fire, theft, and vandalism, and it provides liability protection if someone is injured in your rented space.

How to Get Started on Your Quote

To get started on your quote, give us a call or visit our quotes page. As an independent insurance agency, we work with multiple companies to help you find the right coverage at the best price. We make the process simple and will ensure you have the protection you need for your condo or rental property. Get your condo insurance quote today, and let Stocker Insurance protect what matters most!