Condo Insurance
Smart Protection for Shared Spaces
Condo living comes with unique coverage needs—you’re responsible for what’s inside, while your association handles the exterior. We offer condo insurance designed to fill in the gaps, so your home, belongings, and liability are fully protected no matter what your HOA covers.
What Your Condo Insurance Can Include
Interior Dwelling Coverage
Covers walls, flooring, cabinetry, and other parts of your unit not included in the association’s policy.
Personal Property Coverage
Protects your belongings like furniture, electronics, appliances, and clothing.
Loss Assessment Coverage
Helps pay for your portion of shared property damage or liability claimed by your condo association.
Liability Protection
Covers legal and medical costs if someone is injured in your unit or if you accidentally cause damage to another unit.
Additional Living Expenses
Covers temporary housing and living costs if your condo becomes uninhabitable after a covered event.
Water Backup & Utility Line Protection
Optional coverage for water or sewer backup damage that isn’t included in most HOA policies.
Tailored for Texas Condo Owners
What your HOA covers won’t be enough
In West Texas cities like Lubbock and surrounding towns, more people are choosing low-maintenance condo living—but not all condo insurance is created equal. Your HOA’s master policy typically covers the building’s exterior, but not what’s inside your unit or your personal liability. Wind, hail, and sudden water damage are common in this region, and many owners find out too late that they’re underinsured. We’ll review your association’s policy and help you build a plan that fits your specific responsibilities.
Frequently Asked Questions
Do I need condo insurance if my HOA has a master policy?
Yes, because the master policy typically only covers the building’s exterior and shared spaces. You’re responsible for the inside of your unit, including walls, flooring, appliances, and personal belongings. Your policy also includes personal liability protection and loss of use coverage. Without it, you could face major out-of-pocket expenses after a covered event.
What is loss assessment coverage and why do I need it?
Loss assessment coverage helps pay your portion of a shared loss when the HOA’s insurance isn’t enough. For example, if a hailstorm damages the roof and the association’s coverage falls short, members may be charged to cover the difference. This protection can help cover those assessments, which are sometimes several thousand dollars. In West Texas, where storms are frequent, it’s a smart add-on.
What does a typical condo policy cost in Texas?
Condo insurance in Texas usually ranges from $300 to $600 per year, depending on your location, coverage limits, and deductible. If you live in an area prone to hail or wind damage, rates may be slightly higher. We’ll review your HOA documents and help you select the right coverage. Discounts may also be available if you bundle with auto or umbrella policies.
Is flood damage covered by my condo insurance?
No, flood damage is not covered by standard condo policies. You’ll need separate flood insurance if you live in a high-risk area or want protection against rising water. Even first-floor units or those near drainage areas can be at risk. We’ll help determine whether flood coverage makes sense for your location.
Can I bundle condo insurance with my auto or umbrella policy?
Yes, and doing so can save you money. Bundling condo insurance with other policies often qualifies you for discounts of 10% to 25% depending on the carrier. It also simplifies billing and customer service. If you already have auto or umbrella coverage with us, we’ll make sure everything works together efficiently.
