Condominium Insurance
Serving Central New Jersey
Just because your condo association has a masters policy does not mean that you are adequately insured! A personal condominium insurance policy protects, but is not limited to loss of personal property and loss due to legal liability. Read further for a more detailed description of how Sharer and Associates can help you save!
What you need to know about condo insurance
Condo insurance coverage options
Additional options
Condo insurance discounts & savings
At Sharer & Associates, we provide quality, affordable insurance to the residents of Millstone Township, Monroe Township, Manalapan, Freehold, East Windsor, Hightstown, Jackson, Hamilton, West Windsor, Princeton, and all of Central NJ.
What you need to know about condo insurance:
Even if you think your condominium association master policy covers everything, here are some questions you need to mull over:
- If your personal property was stolen or your unit was damaged by fire, water damage or another insured peril, who is responsible for what?
Your condo association is most likely only responsible for the structure of the unit and not your personal belongings, meaning that you could be responsible for interior fixtures such as hardwood floors, sheetrock and even upgrades to the unit!
- What else does my personal condo policy cover?
Personal items are covered from vandalism, fire and other insured perils limited to what is stated in your policy. Accidents to visitors in your home, temporary housing during reconstruction are just some of the things that are covered in your condominium policy!
Condo insurance coverage options:
The following five options are all included in your condominium policy:
- Additional Living Expenses - Reimbursement for costs of temporary housing during reconstruction.
- Personal Property Protection - Covers the loss or damage to your personal belongings.
- Family Liability Protection - Provides legal representation and insurance against judgments.
- Real Property Protection - Coverage for fixtures and other installations that are not typically considered personal property.
- Guest Medical Protection - Covers medical costs for visitors injured at your home.
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Additional options:
Some additional options include:
- Loss Assessment Coverage - This coverage would pay for your share, up to your policy limits, when your association requires an assessment on all unit owners for certain covered losses.
- High Value Item Coverage - Extend protection beyond your basic policy limits
- Replacement Coverage - Allows you to receive the full purchase price of lost items
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Condo insurance discounts & savings:
Ask us today to find out which discounts and savings apply to you. Here are two discounts you don’t want to miss out on! Call Sharer & Associates today at 732-446-4919 to get more information and see if you are eligible.
- Multi-Line (Condo + Auto)
- Protective Devices
Make sure you realize all of the options you have owning a condo, and let Sharer & Associates help you save and feel protected. Call us today at 732-446-4919 or submit a free condo insurance quote request right on our website!
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