Owner-Occupied Condo Coverages
See what can be covered under a Foremost condo insurance policy.
UOBP Coverage
Insures your personal property against common causes of loss like fire or theft. Optional endorsements are available for special items like property used for business purposes or memorabilia.
Actual Cash Value
This provides coverage for the amount it would cost to repair or replace your property with new property of like kind and quality, with a deduction for depreciation.
Loss Assessment
This applies to your share of an assessment for which your condo association says you’re responsible. Our base policy includes a limit of $2,500, but this can be increased if you purchase additional coverage.
Personal Property Coverage
Insures your personal property against certain common causes of loss like fire or theft. Optional endorsements are available for special items like property used for business purposes or memorabilia.
Additional Living Expenses
If a covered loss makes your residence unfit to live in, this coverage can help pay the actual, reasonable and necessary increase in living expenses during that time.
Liability
Liability coverage applies if a claim is made against you, or a suit is brought against you for damages due to bodily injury or property damage caused by an accident for which you are legally liable.
Additional Coverages:
- Optional Comprehensive coverage
- Optional Replacement Cost Settlement on personal property
- The option to buy an endorsement for Water Back-Up of Sewers or Drains
- Optional Identity Fraud Expense Management coverage
Condo Insurance Discounts
Here are just a few of the ways your can save money by choosing Foremost:
Age of Condominium
Condos 15 years old or newer qualify for a discount.
Central Fire Alarm
Install a central fire alarm for additional policy savings.
Burglar Alarm
Save money on your policy with a burglar alarm.
FAQ Condo Insurance
Have questions about condo insurance? We have answers!
