What Should Condo Insurance Cover?

If you own a condo in Salt Lake City, UT, you need an insurance policy for the property. But what exactly should be in the policy? While there is no universal answer (every policy should be customized for the property and the person who owns it), there are three specific things you want to ensure exist in your plan. At M8 Insurance, we want you to fully understand these condo insurance aspects. 

Property Protection

The primary function of condo insurance is to protect the property as a whole. In the same way, home policies cover damage to the building, and condo insurance protects the asset itself (your condo) so that you can get it fixed if something is damaged. The full extent of this coverage depends on the specifics of your policy, but the point is that the property itself is protected by insurance.

When you purchase a condo using a mortgage, the lender will require that you have enough of this part of the coverage.

Personal Property

Property protection is certainly important, but it’s not the only thing you want out of your condo insurance. The odds are that you have items of value within the condo. This could be appliances, furniture, or any number of personal belongings.

While there are no universal standards, it’s fairly normal for condo policies to offer some level of coverage for your personal belongings within the condo. Ensure you have enough coverage for the value of everything you keep in your condo.


Last, and certainly, not least, you want liability coverage. You may be liable for damages if someone gets hurt on your property. Your insurance coverage is designed to help cover the financial costs tied to that liability.

You can also pair medical coverage with liability. If someone is hurt on your property, the medical coverage could help them pay for healthcare costs, even if you aren’t legally at fault. It’s worth considering.

Aside from these essentials, there are plenty of other choices to make when choosing insurance for your condo in Salt Lake City, UT. That’s why you should work with an M8 Insurance representative to ensure you understand your options and get what you want.