Naples Condominium Insurance

Call us (239) 596-6226 and let us give you a quote on your Naples condominium insurance!

There was a time when it was easy to purchase insurance for your condominium. The policies seemed to cover more and they were definitely a lot cheaper. But as we learned with Hurricane Irma, when it comes time to pay the claim all condo insurance policicies aren't the same. We are a family owned, Naples independent insurance agency who have been serving southwest Florida residents since 1992. Let us help you decide what coverages you need, so that you can be comfortable knowing that you bought the right condominium insurance policy at an affordable price.

As a full service independent insurance agency we represent a number of leading condominium insurance companies in Florida. Names you know like  Nationwide Insurance, Bankers Insurance Group, Tower Hill, Citizens, St. Johns, Olympus, Universal Property & Casualty, Federated National, Heritage, American Inrtegrity, and many more.

If your condominium insurance is being cancelled, if you are reviewing your current condominium policy's coverages and rates, or if you are new to the area and looking for a Naples insurance agent, please click here to complete our quote form or better yet give us a call!

What type of insurance do I need for my condo?

If you have purchased a condominium and you have a mortgage, the bank will require insurance to protect its financial interest in your home. You may, however, need additional insurance to cover your personal items, liability or loss assessments that may be charged to you for losses to the shared areas of your condominium like the parking lot, car ports, pool house etc.  Even if you don't have a mortgage you should carry insurance on your condominium to protect your property, the additions and alterations to you have made to your unit, for liability protection from being sued, and from accessment from you association from losses not covered by their insurance.

Your own insurance policy.
Called a condo unit owner policy or HO6, this condominium insurance policy provides coverage for your personal possessions (contents), structural improvements to your unit (additions and alterations) and additional living expenses (loss of use) you may incur if you are the victim of fire, hurricane or other peril listed in your policy and you have to live at another location while your unit is being repaired. You also get liability protection in case you are sued.

You should also consider the following additional coverages:

• Loss assessment: This reimburses you for your share of an assessment charged to all unit owners as a result of a covered loss. For instance, if there is a fire in your clubhouse all the unit owners may be charged their share of repairing the loss that isn;t covered by the associations insurance policy. A minimum of $2,000 of loss assessment coverage is required by Florida law, but you should consider purchasing more loss assessment coverage based upon your exposure at your unit.
• Water back-up: This insures your property for damage by the back-up of sewers or drains. Water back-up may not always be included in a policy. Check to see that it is included.
• Floater or endorsement: If you own expensive jewelry, furs or collectibles, you might consider getting additional coverage since there is generally a $1,000 to $2,000 limit for theft of jewelry on a standard policy.

These separate policies will provide you with additional protection:

• Umbrella liability: This is an inexpensive way to get more liability protection and broader coverage than is included in a standard condo/co-op policy.
• Flood: If you live in Florida you live in a flood zone. A condominium unit owner polcicy does not cover you for a loss due to flood.  You need to purchase separate flood policy. Flood insurance is available through our office and is underwritten by FEMA's National Flood Insurance Program. 

A "master policy" provided by the condominium board.
This covers the common areas you share with others in your building like the roof, basement, elevator, boiler and walkways for both liability and physical damage.

To adequately insure your condominium, it is important to know what structural parts of your home are covered by the condo/co-op association and what are not. You can do this by reading your association’s bylaws and/or proprietary lease. If you have questions, talk to your condo association, contact us, or family attorney.

Sometimes the association is responsible for insuring the individual condominium units, as they were originally built, including standard fixtures. The individual owner, in this case, is only responsible for alterations to the original structure of the apartment, like remodeling the kitchen or bathtub. Sometimes this includes not only improvements you make, but those made by previous owners.

In other situations, the condominium association is responsible only for insuring the bare walls, floor and ceiling. The owner must insure kitchen cabinets, built-in appliances, plumbing, wiring, bathroom fixtures etc.

Also don’t forget to ask about all available discounts. You can reduce your rates by raising your deductibles and by installing a smoke and fire alarm system that rings at an outside service.