Condo Insurance in Pennsylvania

Whether you are looking to purchase your first condo or are a current owner of a condo in Pennsylvania, Griffith Insurance LLP in West Chester, PA can guide you in the right direction and answer any questions you have regarding condo insurance coverage.

What is condo insurance?

Condominium insurance is a type of homeowner's insurance that financially saves a person's condominium from various problems, such as fire, natural disasters, vandalism, smoke damage, and explosions. A lot of people believe that condo insurance and homeowners insurance are the same. While they are similar, there are some differences between the two types of insurance that we can help you to understand better.

Homeowners insurance covers the building that you own, while condo insurance covers the unit that you own. Since you do not own the entire building, homeowners' insurance is owned by the condo manager or homeowners association instead of the condo owner. Condo insurance is more like renters insurance versus homeowners' insurance.

What will condo insurance cover?

• Fire and smoke damage
• Explosions
• Wind and hail
• Theft
• Vandalism
• Lightning Strikes
• Burst pipes

It won't pay for:

• Earthquakes and Seismic Damage
• Flood damage
• Fighting or domestic dispute damage (intentional injuries)
• Nuclear hazards
• Pest damage (birds, rodents, termites, etc.)
• Typical Wear and tear
• Sewer Damage or other underground water leaks

While some of these cases are not necessarily applicable to condo ownership in the state of Pennsylvania, it is crucial to understand still how condo insurance can help protect you and your belongings.

We hope that you feel like you have a better grasp of the importance of condo insurance, and how it will be beneficial to your life. Come to Griffith Insurance LLP in West Chester, PA to let us help you find the condo insurance that is best for you!