Michigan Condo Insurance

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Michiganders who are looking to buy a condo in the great state can turn to Clovered for condo insurance in Michigan. We offer a multi-rater tool that compiles multiple condo insurance quotes in Michigan and displays them on a single page for your easy pickings!

What Insurance Do I Need for a Condo in Michigan?

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 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 Michigan?

The average condo insurance cost in Michigan is about $30 per month or around $340 per year. That’s below the national average and it means you can find affordable condo insurance for that cottage near the lake, downtown property in Detroit or wherever the billet family’s favorite vacation spot is.

How to Get the Best Condo Insurance in Michigan for Cheap

Our online multi-rater quoting tool does the hard work for you by compiling quotes from many of the top insurers in Michigan and dishing out a policy with sufficient coverage at an affordable price — in minutes.

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The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.