Miller-Hartwig Insurance

As a Condo or Town home Unit Owner, even though your Association may have coverage on your building, you will need a personal homeowners policy as well!

Even though your building may be insured by your association, their policy only covers what your association By Laws require.

Thus the association policy will exclude coverage for your personal property. It may also exclude your wall coverings, drapes, floor coverings, window glass, doors, and any built in cabinets which were added after the building was originally built.

In addition, the association policy does not provide personal liability protection for you. For instance, if your dog bites someone injuring them...the association policy would not have an obligation to defend you or pay any medical or bodily injury awards.

WHAT SHOULD YOU DO. Purchase an HO-6, Condominium or Townhouse Policy from your local insurance agent. This type of policy provides coverage for your personal property, personal liability, and allows you to add in some coverage for the building as well. This extra building coverage would be important if you experienced a loss to the building that is not covered by your association policy, but could be covered by your HO-6 policy.

Lastly, today with insurance prices increasing, many associations are being forced to increase their deductibles to $2500 or higher to keep monthly association fees affordable. These increased deductibles may be assessed to the unit owner whose negligence may have caused the loss. For those who have adequate coverage under an HO-6, the deductible may be paid for them, with the exception of their personal deductible, which usually is $500 or less.

For more information check out the following sites, or contact us at 952-469-0414.
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