573 Maple St.
Manchester, NH 03104
New Hampshire condo insurance is much like a homeowner's policy, but it is for your condominium. The external portion of your condo, such as the outside walls and an outer door, are covered by the homeowner's association's insurance policy. A condo policy protects the inside of your condo, such as interior walls, appliances, personal property, and valuables.
Condo insurance is also a liability policy that pays out if a guest has an accident inside your condo and needs medical bills paid or if they have property damage while at your condo. It also covers your legal fees in a lawsuit.
Your condo association's insurance policy can be one of two types: “all-in” or “bare walls-in.” An all-in policy covers your fixtures such as appliances, plumbing, flooring, carpet, and wiring--but it doesn't cover your personal belongings. A bare walls-in policy may cover your plumbing and electrical systems, but it doesn't cover anything within the walls of your condo unit.
It's imperative to read the condo association's policy to decide on what condo insurance you need from Associated American Insurance and what is already covered.
Condo insurance in New Hampshire is referred to as a HO-6 policy. It covers you for losses or damages to your personal belongings and provides personal liability and medical payments. It will also include your living expenses for significant damages from natural disasters, such as a tornado that leaves your condo unlivable while it is being repaired. If you have artwork or expensive items in your condo, you may want to get a more substantial amount of insurance on your policy to make sure you are covered in the case of damages or theft.
We understand that all of this can be confusing when getting insurance on your condo. At Associated American Insurance in Manchester, NH, we are here to help you. You can make a list of your personal belongings in advance, bring a copy of the association's insurance policy, and stop by our office in Manchester, NH to talk to a representative. We will help you to make sure you have the insurance you need depending on the association's insurance policy.