We insure condominiums all over Illinois. Selecting the right condo insurance coverage is very important. As a condo owner, you have unique requirements for protecting your property, because your condo building and your individual unit have separate needs. While your condo association may have an association insurance policy, only the right condo insurance coverage will protect the interior of your condo unit, your personal property and personal liability. You may not be aware, but most condo association policies do NOT provide coverage for the interior or “inside walls” of your condo unit. Loss Assessments Coverage is also very important coverage for condo owners.
Personal Umbrella Insurance
You’ve worked hard, protect your assets. A personal umbrella insurance policy is very important to protect you and your family’s assets in case of a lawsuit. An umbrella insurance policy can provide coverage over and above the liability limits on your auto and home insurance. Imagine if your dog were to bite a neighbor’s child. Or if there’s an accident on your rental property. Or a fire in your condo spreads to other units. What would happen if you or a family member missed a stop sign and struck and killed a pedestrian? If any of these things happened to you, there’s a good chance your current liability limits wouldn’t be adequate to protect your assets—or your future earnings.
Ask our agents for more details. $1,000,000 personal umbrella insurance can typically be purchased for less than $200 a year.
Landlord Insurance (Rental Property Insurance)
Do you own a rental property in Illinois? Travelers Landlord Insurance protects rental properties for single family homes, duplexes, 3-plex and 4-plex properties. Protect your rental properties in Illinois with Travelers Landlord Insurance Coverage.