Condo Insurance in and around New Richmond

Condo unitowners coverage like this is what sets State Farm apart from the rest. Agent Frank Steward can be there whenever the unexpected happens to help you submit your claim. State Farm is there for you.

That’s why your friends and neighbors in New Richmond turn to State Farm Agent Frank Steward. Frank Steward can help clarify your liabilities and help you make sure your bases are covered.

Most condo associations carry a master policy that covers shared areas such as the roof, exterior walls, hallways and grounds. What happens inside your unit depends on your association's bylaws. Some master policies cover only the bare walls, while others include original fixtures and finishes.

Condo unitowners insurance, often called an HO-6 policy, fills the gap. Bring a copy of your association's bylaws or master policy summary to Frank, and he can help you see exactly where the association's coverage stops and yours needs to start.

Building property helps with interior walls, floors, cabinets, fixtures and any upgrades you've made. Personal property protects your belongings. Personal liability helps if someone is injured in your unit or if water from your unit damages a neighbor's.

Loss assessment coverage is worth asking about. If a large claim hits shared property and the association charges every owner a special assessment, this coverage can help pay your share, subject to policy limits and terms.

Loss of use helps with extra living expenses if a covered loss makes your unit unlivable while it's being repaired.

In Wisconsin winters a frozen pipe in one unit can affect several others. Keep your heat on when you travel, know where your water shut-off is, and report leaks right away. Ask Frank how your policy treats water damage that starts in your unit compared with damage that comes from a neighbor's.

Is condo insurance required?

State law doesn't require it, but many mortgage lenders and associations do. Even if it's not required, it protects your belongings, your upgrades and your liability.

Is condo insurance different from renters insurance?

Yes. Renters insurance doesn't cover the building. Condo insurance can also cover the parts of the unit you own, such as interior walls and improvements. If you rent your condo to someone else, ask about the right coverage for that too.

Can I bundle condo and auto insurance?

Yes. Many owners combine condo coverage with auto insurance. Ask Frank for a bundled quote.

Compare homeowners insurance and renters insurance, or browse every insurance option from Frank Steward State Farm.