Condo Insurance

Condo Insurance2020-05-05T12:02:45-05:00

What is Condo Insurance?

Condo insurance is a form of insurance that covers losses and damages to your condo or townhome along with furnishings and other assets in your home. Your Homeowners insurance consists of multiple coverages that provide protection in different situations and these coverages are not “one size fits all”. We work with you to ensure that coverages and deductibles match your needs. As an independent agency, we have numerous options to find the best fit for you.

Your condo association’s master insurance policy usually includes protection for the outer structure of your condo, including the roof, while your condo insurance policy provides protection for the “walls in” of your condo such as flooring, cabinetry, built-ins, stairs and other features of your home that are considered a permanent part of your condo or townhome unit. In addition, your policy provides protection for all of your personal belongings.

Condo Insurance Coverages

  • Dwelling Coverage: Pays for damage to your condo or townhome unit from covered perils like hail, wind, and fire. Every condo association is different, but coverage for this policy is usually from the “walls in”, as the Association master policy covers the outer shell or structure. Research your Association to ensure what you are responsible for.

  • Personal Liability Coverage: Pays for legal and medical bills if you are held liable for injury or personal property damage to someone else.

  • Personal Property Coverage: Covers your personal items (clothing, furniture, electronics, etc.) both inside and outside the home.

  • In Home Business Coverage: Covers business exposures that are based out of your home.

  • Medical Payments: Pays minor medical bills for guests injured on your property.

  • Water/Sewer Backup Coverage: Pays for damages from a defective sump pump or drain backup, or a sump pump failure.

  • Scheduled Property: Pays for damage and theft to certain classes of valuable property like jewelry, art, and guns.

  • And More

frequently-asked-questions
Am I responsible if someone is injured in my unit?2020-05-08T15:39:02-05:00

You may be held liable for injuries to visitors that occur in your unit, through the medical payments coverage on your policy. Your policy also helps provide financial protection for covered liability claims and lawsuits brought against you for bodily injury or damage to their property that was caused by you, your children, or pets.

How much Condo insurance do I need?2020-05-05T11:54:49-05:00

You should take inventory of your possessions such as clothing, appliances, electronics (TV, phone, computers), jewelry, etc. Be sure to keep receipts, photographs and video of your unit for proof of value.

What are Condo owners personally responsible for?2020-05-05T11:54:06-05:00

You should make sure you read and understand your homeowners association (HOA) agreement, but usually, your condo association’s master insurance policy includes protection for the outer structure of your condo, including the roof, while your condo insurance policy provides protection for the “walls in” of your condo such as flooring, cabinetry, built-ins, stairs and other features of your home that are considered a permanent part of your condo or townhome unit. In addition, your policy provides protection for all of your personal belongings.

How does Condo insurance work?2020-05-05T11:53:21-05:00

Condo owners are responsible for the personal space they live in, which can work much differently than homeowners insurance. Whereas homeowners are responsible for insuring the inside and outside of a home (as well as the land it sits on), condo insurance typically requires owners to insure the interior of their residence. Condo owners do not own the entire condominium complex, the land the condo sits on, the condo’s building structure, and the buildings common areas, which are all shared by the collective group of condo owners. From an insurance standpoint, individual unit owners typically pay a monthly fee to their homeowners association (HOA) to assume responsibility and cover these common areas.

What are the advantages of an independent insurance agency?2020-04-28T11:47:01-05:00

Jeff Johnson Insurance Agency is an independent insurance agency, which allows us to quote a number of different companies to find you the best fit and the best price for your insurance needs.  Benefits of working with us as independent agents include:

  • Save time – we do the leg work for you to quote numerous options
  • Offer choices – we aren’t a captive agency and limited to representing one company
  • Offer Expert, Unbiased advice – we can quote numerous companies to find you the best fit and are not biased to steer you to a single company
  • Save money – with so many options to quote, we can find you the best value for your money
  • Forge a long term relationship – if your company loses its competitiveness over the years, we can requote you with all of our other options and keep you as a customer as your agent
Who is Atlas Insurance Brokers?2020-04-28T11:46:51-05:00

Jeff Johnson Insurance Agency is affiliated with Atlas Insurance Brokers, LLC, which is based out of Rochester, Minnesota. Atlas provides services for over 100 agencies throughout Minnesota and Iowa. The affiliation gives our Agency greater flexibility and a number of options to provide you the most cost-effective and comprehensive insurance packages and provide you with the best fit for your needs.

Who do I contact if I have an accident or claim?2020-05-08T16:05:08-05:00

If you have an accident or claim you can contact Jeff or Dan at Jeff Johnson Insurance Agency and they can assist you through the process or you can contact the company you are insured with using their 800 contact information on our Customer Service page.

Quick Contact

blue-seal-63-134-jeffjohnsoninsurancefinancialservices-32059327

Atlas-logo

495 SE Alice’s Rd., Suite C
Waukee, Ia. 50263
515-987-6993

blue-seal-63-134-jeffjohnsoninsurancefinancialservices-32059327

Atlas-logo

495 SE Alice’s Rd., Suite C
Waukee, Ia. 50263
515-987-6993