Condo Insurance for Colorado and Arizona Owners
Your HOA's master policy stops somewhere. Exactly where it stops is the whole question, and the answer is different in every building.
We Read the Master Policy So You Do Not Have To
Condo insurance is the line where people are most often wrong about what they own. The HOA's master policy covers the building, but whether it stops at the bare studs or includes your fixtures and finishes depends entirely on how your association's documents are written. Two owners in the same city can need completely different policies.
Get it wrong in one direction and you are paying twice for the same coverage. Get it wrong in the other and a burst pipe means replacing your own cabinets, flooring and drywall out of pocket. Then there is loss assessment, the piece almost nobody knows about, where the HOA can bill every owner a share of a large claim or its deductible.
Send us your association documents and we will tell you where the master policy stops and what you need to cover from there. We write condo coverage across Colorado and Arizona.
- Coverage nationwide
- We review your HOA documents
- Loss assessment included
What Condo Coverage Can Include
A condo policy fills the space your association's master policy leaves open. These are the pieces that matter.
Interior and Improvements
Cabinets, flooring, fixtures and anything you have upgraded. If your master policy is bare-walls, everything from the studs inward is yours to insure.
Personal Property
Furniture, electronics, clothing and everything else inside. Same principle as a home policy, just without the structure.
Personal Liability
If a guest is injured in your unit, or water from your unit damages your neighbour's. In shared buildings that second scenario is far from rare.
Loss Assessment
Covers your share when the HOA assesses owners for a large claim or its master deductible. The coverage owners most often discover only when the bill arrives.
Loss of Use
Helps with somewhere to stay while your unit is repaired after a covered loss.
Water Backup
Damage from a backed-up drain or sump failure. Frequently an add-on, and worth having in multi-unit buildings with shared plumbing.
The right limits depend entirely on your association's master policy, so we start there. Condo policies exclude flood, which needs separate coverage. Bundling with auto insurance usually lowers both, and umbrella insurance extends your liability further.
Getting a Condo Quote Is Simple
Bring your HOA documents. That is where the answer lives.
Start Your Free QuoteWe Listen
Send us the master policy or the declarations from your association, along with details of any upgrades you have made.
01
We Shop
We work out exactly where the master policy stops, then compare carriers on the coverage you actually need.
02
You Choose
We show you what each option covers, including loss assessment limits. You decide.
03
Condo Insurance Questions We Hear a Lot
It varies by association, which is the whole difficulty. Bare-walls policies cover the structure only, while all-in policies may include original fixtures. Your association documents say which, and we are happy to read them.
When the HOA faces a claim larger than its master policy pays, or has a high deductible, it can assess every owner for a share. Loss assessment coverage responds to your portion, and the standard included limit is often too low.
Typically your liability coverage responds to damage you cause to another unit, subject to your policy terms. It is one of the most common condo claims and one of the strongest arguments for adequate liability limits.
Yes, and it is worth telling us. Upgrades beyond the original specification are usually your responsibility to insure, and a master policy will not restore them to the standard you paid for.
No lender requires it, but the exposure does not disappear with the mortgage. Your interior, contents, liability and assessment share are all still yours, and most associations require owners to carry a policy regardless.
Not necessarily. Some townhomes are legally condominiums and some are owned including the land, which usually means a standard home policy instead. The deed and association documents settle it.
What Our Clients Say
- Personal coverage · Great service
Really GREAT group to work with - Kim Adams is a "GSD" Queen!! This group really makes you feel like you have people on your side in all the madness of the insurance world....... thank you for all your many years of help and we APPRECIATE your integrity and outstanding service. A+++++++++
Christine Bergman Google - Personal coverage · Great service
I have had great service from Pikes Peak Insurance-from the owners to other staff. Recently Melinda went out of her way to help me. As have others. She has kept in touch and as I am now older it is greatly appreciated. They are at a milestone anniversary and I wish them great success into the future.
Sandra Davis Google - Business insurance · Great service
Krys has been our insurance agent for years now, and has helped us every step of the way! The communication is fantastic and customer service is top notch! Thank you PPIA
TCS Septic Google - Personal coverage · Great service
Gretchen, Kim, and the entire staff at Pikes Peak Insurance have consistently provided me with top-notch customer service over the past 20 years. They have the perfect blend of professional expertise and thoughtful regard for the well-being of their clients.
Debbie Evercloud Google - Personal coverage · Great service
I can't say enough great things about Pikes Peak Insurance Agency! Every time I call with questions about something, they are all so kind and helpful. Especially Gretchen! She remembers who I am right away and is just the sweetest! She's knowledgeable and extremely helpful, always looking for the best solution for their clients. I highly recommend this company!
Tina Google - Personal coverage · Great service
I have been working with the Pikes Peak Insurance agency for more than a decade. Chris, Barbara, Gretchen, Donald are all very professional and find best insurance policies that work for me. I am very happy with their service. They do a good job.
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