California Condo Insurance
Customize your condo insurance coverage to fit your needs
Condo Insurance in California
The Golden State has temperate weather, countless outdoor activities, and breathtaking scenery that all make for easy living. What’s also easy is protecting your condo with affordable insurance from Wawanesa. Condo insurance covers the items within your unit — the items your association’s master policy does not cover. This includes coverage for improvements you’ve made to the inside of your unit and personal belongings such as jewelry, electronic, appliances and other items. In addition, your condo insurance policy provides protection against loss of use in the event of a covered loss, personal liability, and medical payments to others.
Condo Insurance Coverage in California
California condo insurance provides coverage for the dwelling, which means the interior of the condo unit. It protects improvements you’ve made, such as updating your kitchen cabinets or flooring. Condo insurance also insures your personal belongings within the unit such as electronics, appliances, jewelry, etc., covers loss of use, medical payments to others, and provides personal liability coverage in case someone sues you.
Types of Condo Insurance Coverages
Wawanesa condo insurance offers basic and optional coverages designed to let you tailor your policy to fit your unique needs.
Dwelling Coverage
Covers items owned by you, for example, the floors, cabinets, kitchen and bathroom countertops, and any improvements you’ve made inside the condo unit.
Personal Property Coverage
Covers your personal belongings, including electronics, major appliances, furniture, and clothing. This coverage also pays to replace stolen items, such as jewelry, watches, furs, goldware, silverware, firearms, and more.
Loss of Use Coverage
Covers additional living expenses if you have to temporarily move out due to your home being uninhabitable due to a covered loss such as a fire.
Personal Liability Coverage
Helps pay and provides a legal defense for things like property damage, bodily injury, or medical bills if you’re found liable.
Medical Payments to Others Coverage
Provides coverages for minor medical claims if a guest is injured in your home.
In California, this coverage also includes workers compensation for occasional employees who work in your home less than ten hours a week, for example, babysitters, housekeepers, and gardeners.
Other Basic Coverages included in your condo insurance policy
Pays reasonable costs incurred by you to prevent further damage such as removal of debris and fire department service charges acquired while protecting the property.
Optional Condo Insurance Coverages
Our basic condo insurance coverage provides the necessary protection for most condo owners. However, you can customize your insurance policy by adding optional coverages to ensure your valuable items are protected.
Scheduled Property
Specific items, in the following categories, can be scheduled on an individual basis and insured to their current appraised value:
- Jewelry
- Furs
- Musical Instruments
- Silverware
- Golf Equipment
- Fine Arts (with or without breakage coverage)
- Cameras and Photographic Equipment
- Stamps
- Coins
Limited Earthquake Coverage
Subject to a special deductible, this coverage provides some personal property coverage and additional living expenses if your condo remains uninhabitable due to damage caused by an earthquake.
Loss Assessment Coverage
The basic policy provides up to $1,000 of coverage for your share of assessments charged to owners by the condo association for an event covered under your condo insurance policy.
Credit Card, Fund Transfer Card, Forgery, and Counterfeit Money
Increases your limits of legal liability due to theft or unauthorized use of credit or debit cards, check forgery, or good faith acceptance of counterfeit money.
Identify Fraud Expense
Covers expenses incurred as the direct result of an instance of identity theft. A $500 deductible applies.
Home Cyber Protection
Covers expenses incurred for direct loss, damages related to cyberattack, cyberextortion, and online fraud. A $500 deductible applies.
Other Coverage Options
Wawanesa offers additional optional coverage options to meet your individual needs. These include:
- Business Pursuits Protection
- Increased Limits on Business Property
Start your quote online or call 800-640-2920 to discuss coverage options. Our helpful agents are ready to assist you with choosing coverage options that fit your insurance needs.
Understand Your Condo Insurance Coverage
A condo insurance policy consists of a variety of coverages that provide protection in different situations. The coverages have different limits and may have an associated deductible. The following are insurance terms commonly used in condo insurance.
Coverage
The protection and benefits provided to you by your insurance company.
Personal Liability
Helps cover legal, medical, or repair expenses if you’re responsible for injuring someone or damaging property.
Effective Date
The date your insurance policy begins.
Deductible
The amount you pay out of pocket when you make a claim against your insurance policy. Deductibles are usually a specific dollar amount, but they can also be a percentage of the total amount of insurance on the policy.
Dwelling Coverage
In condo insurance this coverage would cover items within your unit not the structure of the home. This includes any upgrades you may have made to the interior of your unit, for example cabinets, flooring, and countertops.
Limits
The highest amount your insurer will pay for a claim that your insurance policy covers. If you file a covered claim, your insurance policy will pay up to a certain amount. You're responsible for any expenses that exceed the limit.
Personal Property
Your belongings housed within the condo unit, for example, your appliances, furniture, clothing, shoes, sports equipment, camera equipment, books, dishes, electronics, and more.
Loss of Use
Also known as additional living expenses insurance, can help pay for the additional costs you might incur for reasonable housing and living expenses if a covered event makes your condo temporarily uninhabitable while it's being repaired or rebuilt.
Loss Assessment
Coverage that helps protect you if you're responsible for a portion of damage or loss in a common area of your condo community.
Covered Loss
The events that your insurance company agrees you’ll be reimbursed for should you file a claim. The main reason why people usually buy insurance policies is to have their losses covered.
California Condo Insurance Discounts
Wawanesa offers condo owners a wide array of discounts to help them save even more on affordable condo insurance. For example, get a discount by bundling your auto and condo insurance policies, installing a home protection device, and other discounts.
Learn more about available discounts from Wawanesa.
Get Your California Condo Insurance Quote
Along with affordable condo insurance rates, Wawanesa offers customizable coverages, 24/7 claim access, and award-winning customer service. You’ll also earn discounts to save even more. Discounts vary by state, so find out what’s available in your state by starting a quote online.
Frequently Asked Questions About Condo Insurance Coverage
Have more questions on condo insurance? Visit our FAQs page to find answers on common questions relating to coverage, discounts, and more.
Disclaimer
Please note that this website provides only a summary of condo insurance to generally illustrate how condo insurance works. Your insurance policy is the legal contract containing the terms and limitations of your coverage. Any coverage provided by a Wawanesa General Insurance Company policy is subject to the terms, conditions, exclusions and endorsements of your insurance policy.