Condominium Insurance in Phoenix, AZ
Owning a condo unit in Arizona comes with both benefits and risks. That’s why having the right insurance policy is crucial to protect your investment.
What Is Condominium Insurance? 
Condominium insurance, also known as an HO-6 policy, may offer financial protection from damages or losses that affect your unit and personal belongings. Coverage may vary by insurer, but a standard policy typically includes:
- Dwelling coverage may help cover repair costs to your unit due to fire, plumbing issues, or vandalism.
- Personal property coverage may pay for repair or replacement costs to your appliances, clothing, electronics and furniture.
- Personal liability coverage may help pay for legal or medical expenses should you be held responsible for third-party property damage or bodily injury.
- Additional living expenses (ALE) coverage may reimburse food, shelter and other costs should you be forced to move out of your unit due to a covered risk.
Is Condo Insurance Mandatory?
No, condo insurance is not required in Arizona. However, your lender may ask for a proof of policy if your unit is under a mortgage. Even so, having condo insurance may help you avoid paying for damages out of your own pocket.
How to Get Condo Insurance
Contact Always Insured today to learn more or request a personalized quote.