Marble Insurance Services, LLC
Condominium Insurance
A condominium is usually common property owned by all the residents. The Associations probably insure, the building against certain losses and also liability claims arising out of the common area through a Master Policy. These Master Policies DO NOT usually cover you for losses of your personal belongings and personal liability.
- Jewelry, antiques, collectibles, furs, and antiques should be insured for replacement amount over the standard policy limits (usually $500 to $1000). You can schedule these items by asking us to add them by endorsement to your policy.
- Loss Assessment Coverage provides coverage up to the limit purchased for assessments to each condo owner by their association to pay for a direct loss to the property owned by all unit owners collectively.
- Additions and Alterations provides for an additional amount of coverage for direct loss to appliances, pictures, additions, installations, alterations, and improvements which are part of the building contained within your condominium unit.
Call 408-778-5531 for a free quote.