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DELAWARE CONDO INSURANCE

Delaware Condo Insurance

Whether you live in a beachfront condo on the Atlantic shoreline or in a condo near one of the beautiful green outdoor spaces perfect for hiking, Delaware condo insurance goes above and beyond what your complex’s master HOA policy doesn’t.

Condo insurance in Delaware helps to cover your losses if you’re unexpectedly hit by a covered peril, such as a hurricane, major snowstorm, home fire or many other uncontrollable life events. It protects the four walls of your unit, many of your belongings inside, home appliances and many other things.

With a condo insurance policy in Delaware, you can protect your unit, belongings and even your family if you’re faced with an unexpected peril. Don’t wait, get multiple quotes and secure the best policy today.
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What Insurance Do I Need for a Condo in Delaware?

Personal Property

☘ Since it’s a walls-in policy, meaning only what’s inside the four walls of a condo are typically covered, an HO6 begins with coverage for personal belongings. This helps to protect items you keep inside your home, such as clothing, computers, furniture and TVs. Since condo owners don’t own the property outside their unit, belongings that are permanently kept outdoors may not be covered.

Loss of Use

☘ If a peril occurs that damages or destroys your condo, causing you to temporarily move out, loss of use can help to cover monthly rent at an equivalent home, storage fees, pet boarding and many other expenses you wouldn’t have incurred had you been living in your unit. Since your neighbors may not be as careful as you, loss of use is pivotal in protecting your wellbeing.

Personal Liability

☘ If an accident occurs to a guest in your condo unit and you’re deemed liable, personal liability coverage can step in and help pay for medical bills and legal expenses for major incidents like dog bites, broken bones or even accidental death. For condo owners, personal liability is typically the highest amount of coverage you’ll maintain.

Medical Payments

☘ MedPay, as it’s often called, is similar to personal liability in that it covers injuries that occur on your property. But with medical payments coverage, only medical bills for minor injuries will be paid — no matter whether you’re at fault or not.

Loss Assessment

☘ If the condo’s master HOA policy maximums don’t pay for significant damages or incidents, each owner will have to pay a special assessment. This add-on that protects policyholders from paying significant special assessment fees handed down by the condo complex.

Building Property Protection

☘ Condo insurance is a walls-in policy, so you don’t have to protect the building’s structure. But building property protection protects the walls and interior of your condo unit if they’re damaged or destroyed by a covered peril, which is important since you may have many neighbors.

What Does the Average Condo Insurance Cost in Delaware?

Defined as a walls-in policy, Delaware condo insurance coverage is also called an HO6. The average cost of condo insurance in The First State is just about $30 per month, which is extremely affordable if you compare it to homeowners insurance.

As with any home insurance policy, the price you pay depends on a few key factors. When determining the premium price, your condo’s location, value, risk portfolio and other factors will be taken into consideration.
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How to Get the Best Condo Insurance in Delaware for Cheap

When you’re looking for condo insurance in Delaware, look no further than Clovered’s online quoting tool. It features a simple slider tool that allows you to increase or decrease your coverage amounts to dictate the price you wish to pay.

We’ve partnered with some of the state’s top home insurance companies to provide you with multiple quotes from different carriers at a price you’d like to pay! What are you waiting for? Get your fast, free quote today!
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