Condo Insurance

ATI offers comprehensive Condo insurance policies to Georgia residents at the State's most affordable prices.

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Why Choose ATI Condo Insurance

Just like any expensive purchase, you want to make sure your condo and the people who visit are financially protected in the event of damage or injury. Although you can own a condo just like you can a house, you do not own the building the unit is in nor the land the building sits on. Therefore, condo insurance differs slightly from homeowner’s insurance.

Before you look into condo insurance policies, you’ll need to know what coverage your condo association provides for the entire building and what it doesn’t. Typically, condominium associations have a “master policy” which will detail what damages it covers and what it doesn’t, so you can look up this information there or ask a representative. Once you know what’s covered under the condo association, you’ll have a better idea of what kind of coverage you need.

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Types of Condo Insurance Coverage

Condo insurance coverage is designed to protect your unit, your belongings, and guests who are injured in your home. Typical types of condo insurance include:

Personal property coverage protects your personal possessions whether you’ve kept them inside of your condo or they are temporarily outside of condo. For example, if you’re moving, then your possessions can still be covered as long as the policy is active.

Personal property protection covers your belongings in the event of theft, vandalism, fire, or even certain weather damages. However, usually damage from flooding is typically excluded and requires additional coverage.

Liability coverage provides financial responsibility for people who are injured in your home and you are at fault. If this coverage is utilized, then it would pay for the individual’s medical bills and any related legal fees.

However, note that this coverage is situational, so the insurance company would have to approve the coverage based on the circumstances.

This covers damage to your actual unit and pays for any necessary replacements or repairs. Damages covered include damages from fire, vandalism, and most weather-related damages. Coverage for the dwelling, depending on your coverage limits, can also pay for temporary housing if your condo is uninhabitable as a result of the damages.

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condo insurance atlanta georgia family protection
condo insurance atlanta georgia family protection

Types of Condo Insurance Coverage

Condo insurance coverage is designed to protect your unit, your belongings, and guests who are injured in your home. Typical types of condo insurance include:

Personal property coverage protects your personal possessions whether you’ve kept them inside of your condo or they are temporarily outside of condo. For example, if you’re moving, then your possessions can still be covered as long as the policy is active.

Personal property protection covers your belongings in the event of theft, vandalism, fire, or even certain weather damages. However, usually damage from flooding is typically excluded and requires additional coverage.

Liability coverage provides financial responsibility for people who are injured in your home and you are at fault. If this coverage is utilized, then it would pay for the individual’s medical bills and any related legal fees.

However, note that this coverage is situational, so the insurance company would have to approve the coverage based on the circumstances.

This covers damage to your actual unit and pays for any necessary replacements or repairs. Damages covered include damages from fire, vandalism, and most weather-related damages. Coverage for the dwelling, depending on your coverage limits, can also pay for temporary housing if your condo is uninhabitable as a result of the damages.

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Additional Coverages

Although the coverages listed above are the most common, there are additional coverages you might want to purchase depending on your needs. These include:

  • Flood insurance: Regular condo insurance policies do not coverage damage caused by flooding, whether that’s from storms or sewage disruptions. Adding flood insurance can help protect you against these expensive damages.
  • Earthquake insurance: If you live in an area prone to earthquakes, consider adding earthquake insurance for extra protection.
  • Umbrella insurance: Umbrella insurance is an extended form of liability coverage. It kicks in where your regular liability coverage limit ends.

What does condo insurance cost?

The average cost of condo insurance ranges from $100 to $400 a year. As with any type of insurance, your rates will vary according to:

  • Where you live.
  • Your deductibles.
  • The coverage and limits you purchase.

 

Talk to ATI Insurance agent today for a free quote on condo insurance!

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condo insurance townhome insurance atlanta georgia
condo insurance townhome insurance atlanta georgia

What does condo insurance cost?

The average cost of condo insurance ranges from $100 to $400 a year. As with any type of insurance, your rates will vary according to:

  • Where you live.
  • Your deductibles.
  • The coverage and limits you purchase.

 

Talk to ATI Insurance agent today for a free quote on condo insurance!

Get Quote