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Jagwan Insurance & Financial Services

Condo Insurance

Jagwan Insurance Agency is dedicated to helping you find the best insurance in Texas. We work with condo owners to find the best fit for your insurance needs. Condo insurance is one of our specialties.

How is condo insurance different from homeowner’s insurance?

Condominium insurance is similar to homeowner’s insurance, but it is tailored to the specific needs of condo owners. Condo associations usually hold insurance coverage for buildings and common areas. However, you may need an individual condo insurance policy to cover the interior of your individual unit, furnishings, or other possessions.

However, you may need an individual condo insurance policy to cover the interior of your individual unit, furnishings, or other possessions. An individual condo policy also protects you from liability if someone is injured in your home.

In Texas, optional loss assessment insurance is additional coverage you may want to consider. If your condo association levies an assessment that requires you to vacate your home, then loss assessment insurance compensates you for living expenses.

What is the difference between condominium insurance and condominium association insurance?

Condo association insurance usually covers the construction and exterior of the building and the common areas. Individual unit condo insurance complements this condominium association insurance by protecting your assets not covered by the association policy.

You can find out what your association covers by reading your HOA agreement. The bylaws will spell out what the condo association insurance covers. You are responsible for covering whatever is left over. We know legal documents and bylaws can be confusing, so call Jagwan Insurance & Financial Services if you want someone to go through the legalese with you. Our number is (972) 414-2060.

Partner Carriers

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