North Carolina Condo Insurance

It helps to protect everything you own and keep in your unit, as well the unit itself. Think about it. If you invest in condo insurance in Raleigh North Carolina to protect your unit, you’re also protecting your financial future. If a covered peril damages or destroys your unit or belongings, your HOA master policy won’t step in to help. It’ll be your North Carolina HO6 condo insurance policy that becomes your best friend.

☘ 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.

☘ 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 protects policyholders from paying significant special assessment fees handed down by the condo complex.

☘ 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.

North Carolina condo insurance will only set you back about $30 per month, which is well below the national average for condo insurance. That’s just $400 for all the coverage you need! With the excessive number of perils the state faces, like hurricanes, lightning storms and even snow in the mountains, that’s a sweet deal for North Carolina condo insurance.

We developed an intuitive insurance quoting tool that makes finding, adjusting and securing your North Carolina condo insurance coverage limits and premium prices super easy. Plus, our team of best-in-class licensed agents is always here to answer every question you may have along the way and about your policy. What are you waiting for? Getting a quote is quick, easy and free.