Condo Insurance

If you own a condominium, town-home, row home, or other unit that has an association you need Condo Insurance. Condo owners pay their mortgage and make repairs like any homeowner. Yet, they tend to share a similarities to renters. This is due to their home being attached to other condo-owner’s homes and that they also share a building or complex. This unique circumstance creates a few unique risks. We at Associated Insurance can help you find the right Condo insurance (or condominium insurance) policy that fits the needs of your condo. We write Condo Insurance in Albuquerque, New Mexico as well as writing it in Arizona, California, Colorado, Florida, and Nevada.

What is Condo Insurance?Condo Insurance

A Condo Insurance policy is often pretty affordable as it excludes coverage the condo association is responsible for. If you do rent your Condo you do need renters insurance. If you have a mortgage on your condo, your lender will probably require you to carry the condo insurance, and we will work on them to set it up. This may mean setting it up to combine your insurance payments in your mortgage bill (by putting it in escrow).

While there is a Condo Association, they usually have insurance but it is usually meant for the building itself as well as any other outdoor property and any common areas in the complex. The Condo Associations policy only insures the items they own and that they are responsible for. Usually it will not insure what is within your unit. This is why you need a condo insurance policy, as it is different from a homeowner’s insurance policy since you usually will just need to insure the items inside your condo and not the building itself. If you are required to insure your portion of the building, be sure to let an agent know this.

What does Condo Insurance cover?

  • You’re Belongings – clothes, electronics, furniture, appliances, tools, power equipment, etc.
    • Expensive Art, Jewelry and other collectibles may need separate insurance coverage.
  • Upgrades to your unit – such as new floors, countertops, cabinets, bathroom fixtures, etc.
  • Temporary Living Expenses – if your condo is damaged and you can’t stay there while being repaired.
  • Injuries in your Condo – called personal liability. Covers you for lawsuits if your responsible for someone else is injured. You can add extra coverage for; libel, slander, or other types of lawsuits.
  • Certain Lawsuits


If you don’t have Condo Insurance you wouldn’t have coverage for any of these items.

Available Condo Insurance DiscountsAlbuquerque Condo Insurance

  • Bundle your Condo with Auto Insurance
  • Pay In Full
  • Burglar & Fire Alarms
  • Automatic Sprinklers
  • New Condo Purchases


Associated Insurance can also include a personal umbrella which would go over the liability limits of this Condo Insurance policy.

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