NEW HAMPSHIRE CONDO
New Hampshire Condo Insurance
Since New Hampshire is home to everything from miles of beaches along the Atlantic Ocean to hard hiking in the White Mountain National Forest and wintertime ski slopes, there are many towns and cities to choose from when deciding on a condo. But there’s only one decision that protects your condo, and that’s with a New Hampshire condo insurance policy.
Condo insurance in New Hampshire helps to protect your condo where the HOA’s master policy falls short. That’s through personal property, building, loss of use protection and so much more. Condo insurance is an HO6 policy that covers the ‘walls-in’ of your unit — so you’ll never have to worry about paying for potential covered perils yourself.
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What Insurance Do I Need for a Condo in New Hampshire?
☘ 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.
☘ 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.
☘ 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.
☘ 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 New Hampshire?
Like other home insurance policies, New Hampshire condo insurance is well below the national average. Insuring a condo in The Granite State will only set you back about $25 per month, which is about 60 percent below the national average.
So getting into New Hampshire’s greenery during spring and summer, catching a glimpse of its gorgeous fall colors and taking advantage of its many ski resorts in winter from the comforts of your condo has never been easier.
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How to Get the Best Condo Insurance in New Hampshire
For condo owners in the Granite State, getting a policy to protect your unit has never been easier. Clovered has partnered with some of the state’s best insurers to provide every resident adequate New Hampshire condo insurance at a reasonable price. Simply get a quote and, within minutes, you could be paired with your new policy!
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