Condo Insurance in West Virginia

What is Condo Insurance?

West Virginia residents who own condominiums are generally must insure their condos themselves. Common areas of a condominium complex may be covered under a condo association’s master policy, but these policies often don’t provide full coverage for individual condo units. Thus, condominium owners frequently need to purchase their own condo insurance.

Condo policies are similar to homeowners policies, except they’re written for condominiums rather than single-family houses. Since condo’s structures are often covered under condo association master policies, many condo policies don’t provide as much structural coverage as homeowners policies typically do. Condo owners can get the structural protections they need through condo policies, though, and condo insurance policies still often include personal property and liability coverages.

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How Much Structural Protection Do Condominium Policies Provide?

The amount of protection that condominium policies offer for condominiums’ structures varies significantly because the amount of coverage that condo owners need varies quite a lot. How much coverage condo owners need for their units depends on what’s covered by their condo association’s master policy. Master policies can be categorized into three groups:

• bare walls-in policies, which typically covers the floor, ceiling, walls and, in some cases, plumbing and electrical systems
• single entity policies, which often add on coverage for standard features (e.g. standard cabinets and countertops) to the coverages included in bare walls-in policies
• all-in policies, which usually include coverage for a condo’s walls, standard features and upgraded items (e.g. high-end hardwood flooring)

Condo owners generally need coverage for whatever their condo association’s master policy doesn’t protect. Thus, a condo owner needs a lot more coverage if their association has a bare walls-in master policy than if their association carries an all-in master policy.

Whatever coverage a condo owner needs, they usually don’t have a problem finding it. There are many insurers that offer condominium insurance in West Virginia, so condo owners have a wide variety of policies to choose from. In most cases, several policies provide the structural protections that a condo owner needs.

Who in West Virginia Should Consider Getting Condominium Insurance?

Anyone who owns a condo in West Virginia should likely have condominium insurance for their unit. This, of course, includes permanent residents who have condos they live in year-round. It also includes seasonal residents who only use a condo part of the year, such as skiers and snowboarders who have condos near Killington, VT, Ludlow, VT and Stowe, VT.

Often, people who have mortgages on their condos have to have a condo policy. The requirement is  typically written into the terms of the mortgage, in order to protect the bank’s investment.

Even condo owners who paid for their unit with cash or have paid off their mortgage, however, can benefit from condo insurance. Without insurance coverage, replacing the contents of a condo or facing a liability lawsuit can be extremely expensive.

Is Flood Coverage Included with Condominium Insurance?

Most condominium insurance policies don’t provide protection against floods. They may include some coverage for water and sewer backups, but water damage from flooding isn’t normally included. Flood coverage often has to be purchased separately.

Where Can Residents In West Virginia Get Condo Insurance?

For residents of the Mountain State seeking reliable Condo insurance coverage, Kirtley Insurance Services is your trusted partner. With our extensive knowledge of the local market and dedication to personalized service, we understand the unique needs of condo owners in West Virginia. Whether you’re protecting your family home, rental property, or vacation retreat, we offer tailored insurance solutions to fit your needs and budget. Contact one of the knowledgeable Agents at Kirtley Insurance Services for a fast quote