{"id":38221,"date":"2023-07-26T14:18:54","date_gmt":"2023-07-26T18:18:54","guid":{"rendered":"https:\/\/www.plymouthrock.com\/?p=38221"},"modified":"2025-02-04T15:20:24","modified_gmt":"2025-02-04T20:20:24","slug":"how-much-does-condo-insurance-cost","status":"publish","type":"resources","link":"https:\/\/www.plymouthrock.com\/resources\/how-much-does-condo-insurance-cost","title":{"rendered":"How much does condo insurance cost"},"content":{"rendered":"\n<p>You may be wondering, \u201cHow much does <a href=\"https:\/\/www.plymouthrock.com\/insurance\/condo\">condo insurance<\/a> cost?\u201d The average cost of a condo insurance policy is different depending on where you call home.<\/p>\n\n\n\n<h2 style=\"margin-bottom:0px;\">Average cost of condo insurance<\/h2>\n\n\n\n<p>The average price of condo insurance varies depending on where you live. The following are some average costs in six different states:<\/p>\n\n\n\t\t<div data-elementor-type=\"section\" data-elementor-id=\"38217\" class=\"elementor elementor-38217\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-244e32c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"244e32c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3a9406f\" data-id=\"3a9406f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7f34669 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7f34669\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c987149\" data-id=\"c987149\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0c92e1f elementor-widget elementor-widget-accordion\" data-id=\"0c92e1f\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1311\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1311\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-chevron-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-chevron-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How much does condo insurance cost in Connecticut?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1311\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1311\"><ul><li>Fairfield County: $538 yearly average; $45 per month average<\/li><li>Hartford County: $453 yearly average; $38 per month average<\/li><li>New Haven County: $520 yearly average; $43 per month average<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1312\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1312\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-chevron-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-chevron-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How much does condo insurance cost in Massachusetts?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1312\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1312\"><ul><li>Bristol County: $530 yearly average; $55 per month average<\/li><li>Middlesex County: $515 yearly average; $43 per month average<\/li><li>Worcester County: $530 yearly average; $44 per month average<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1313\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1313\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-chevron-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-chevron-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How much does condo insurance cost in New Hampshire?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1313\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1313\"><ul><li>Hillsborough County: $486 yearly average; $41 per month average<\/li><li>Merrimack County: $448 yearly average; $37 per month average<\/li><li>Rockingham County: $454 yearly average; $38 per month average<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1314\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1314\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-chevron-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-chevron-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How much does condo insurance cost in New Jersey?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1314\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1314\"><ul><li>Bergen County: $677 yearly average; $56 per month average<\/li><li>Burlington County: $660 yearly average; $55 per month average<\/li><li>Camden County: $761 yearly average; $63 per month average<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1315\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1315\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-chevron-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-chevron-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How much does condo insurance cost in New York?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1315\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1315\"><ul><li>Erie County: $667 yearly average; $56 per month average<\/li><li>Monroe County: $708 yearly average; $59 per month average<\/li><li>Suffolk County: $1,170 yearly average; $98 per month average<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1316\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-1316\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-chevron-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-chevron-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How much does condo insurance cost in Pennsylvania?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1316\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-1316\"><ul><li>Bucks County: $590 yearly average; $49 per month average<\/li><li>Montgomery County: $672 yearly average; $56 per month average<\/li><li>Philadelphia County: $704 yearly average; $59 per month average<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\n\n\n\n<p><p style=\"margin-top:0px;\">If you\u2019re looking for a condo insurance calculator, <a href=\"https:\/\/www.plymouthrock.com\/insurance\/home\">click here<\/a>. Then select the condo icon and enter your address.<\/p><\/p>\n\n\n\n<h2 style=\"margin-bottom:0px;\">How is condo insurance priced<\/h2>\n\n\n\n<p>There are several factors that can determine how much a condo insurance policy costs.<\/p>\n\n\n\n<div style=\"border:1px solid #0078D6; margin-bottom:0px; margin-top:15px;\"><table style=\"margin-bottom:0px;\"><tr><td style=\"background-color:#0078D6; border-color:#ffffff; color:#fff; padding:10px 10px 10px 15px; text-align: center; width:50%;\"><strong>Your Coverage<\/strong><\/td><td style=\"background-color:#0078D6; border-color:#ffffff; color:#fff; padding:10px 10px 10px 10px; text-align: center; width:50%;\"><strong>Your Location<\/strong><\/td><\/tr>\n\n<tr><td style=\"background-color:#fff; border-width:1px; border-top-color:#fff; border-right-color:#0078D6; border-bottom-color:#fff; border-left-color:#fff; padding:10px 15px 10px 15px; text-align: left;\"><ul style=\"margin-left:-20px;\"><li>How much personal property coverage do you have?<\/li>\n<li>How much liability coverage do you have?<\/li><\/ul>\n<\/td><td style=\"background-color:#fff; border-color:#ffffff; padding:10px 15px 10px 15px; text-align: left;\"><ul style=\"margin-left:-20px;\"><li>Do you live close to the coast?<\/li>\n<li>Do you live in an area of low crime or high crime?<\/li><\/ul><\/td><\/tr>\n\n<\/table><\/div>\n\n\n\n<div style=\"border:1px solid #0078D6; margin-bottom:0px; margin-top:15px;\"><table style=\"margin-bottom:0px;\"><tr><td style=\"background-color:#0078D6; border-color:#ffffff; color:#fff; padding:10px 10px 10px 15px; text-align: center; width:50%;\"><strong>Your Personal Risk<\/strong><\/td><td style=\"background-color:#0078D6; border-color:#ffffff; color:#fff; padding:10px 10px 10px 10px; text-align: center; width:50%;\"><strong>Age of Building<\/strong><\/td><\/tr>\n\n<tr><td style=\"background-color:#fff; border-width:1px; border-top-color:#fff; border-right-color:#0078D6; border-bottom-color:#fff; border-left-color:#fff; padding:10px 15px 10px 15px; text-align: left;\"><ul style=\"margin-left:-20px;\"><li>What is your claims history?<\/li>\n<li>What is your credit score?<\/li><\/ul>\n<\/td><td style=\"background-color:#fff; border-color:#ffffff; padding:10px 15px 10px 15px; text-align: left;\"><ul style=\"margin-left:-20px;\"><li>Does your unit have the latest security devices?<\/li>\n<li>Is your unit\u2019s plumbing system dated?<\/li><\/ul><\/td><\/tr>\n\n<\/table><\/div>\n\n\n\n<h3 style=\"margin-bottom:0px; font-size:18px;\"><strong>Your coverage<\/strong><\/h3>\n\n\n\n<p>How much coverage you require will have a big impact on your condo insurance rate. For example, in addition to your policy\u2019s standard coverages, you may decide to add extra coverage for particularly expensive pieces of property, like jewelry. Or, you may decide to increase your dwelling, personal property and liability coverage limits.<\/p>\n\n\n\n<h3 style=\"margin-bottom:0px; font-size:18px;\"><strong>Your location<\/strong><\/h3>\n\n\n\n<p>Insurance is all about risk, so customers who live in areas prone to claims will pay more for their condo insurance coverage on average. For example, you\u2019ll likely pay more if your condo is located close to the coast, as your possessions could be damaged by high winds and stormy weather. You\u2019ll also pay more if you live in an area with a high rate of theft and other crime, such as certain urban areas.<\/p>\n\n\n\n<p>Conversely, your rate will be lower if you live in a relatively crime-free area away from the coast. <\/p>\n\n\n\n<h3 style=\"margin-bottom:0px; font-size:18px;\"><strong>Your personal risk<\/strong><\/h3>\n\n\n\n<p>Personal attributes, like your claims history and credit score, can affect your condo insurance rate, as well. Chances are, the more claims that you file, the higher your insurance rate will be. If you have a good credit score, your insurance rate will be lower.<\/p>\n\n\n\n<h3 style=\"margin-bottom:0px; font-size:18px;\"><strong>Age of building<\/strong><\/h3>\n\n\n\n<p>On average, condo units in older buildings usually cost more to insure than units in newer buildings. That\u2019s because they may have dated plumbing, heating or electrical systems, which pose a greater risk. In addition, new condos are more likely to be updated with the latest security measures and comply with the latest construction regulations.<\/p>\n\n\n\n<h2 style=\"margin-bottom:0px;\">Discounts<\/h2>\n\n\n\n<p>The rising cost of insurance is a common complaint these days. Fortunately, insurance companies offer a <a href=\"https:\/\/www.plymouthrock.com\/insurance\/home\/discounts-benefits\">variety of&nbsp;discounts<\/a> and other savings opportunities that will help lower your condo insurance rate.<\/p>\n\n\n\n<div class=\"home-resources-orange-border\"><strong>Ways to Lower Rate<\/strong> <ul style=\"list-style-type: '\\2713'; padding-left:10px;\"><li style=\"color:#FF7826;\"><span style=\"color:#000; margin-left:10px;\">Installed security systems<\/span><\/li><li style=\"color:#FF7826;\"><span style=\"color:#000; margin-left:10px;\">Bundling with auto policy<\/span><\/li><li style=\"color:#FF7826;\"><span style=\"color:#000; margin-left:10px;\">Being claims-free<\/span><\/li><li style=\"color:#FF7826;\"><span style=\"color:#000; margin-left:10px;\">Going paperless <\/span><\/li><li style=\"color:#FF7826;\"><span style=\"color:#000; margin-left:10px;\">Paying premium upfront<\/span><\/li><li style=\"color:#FF7826;\"><span style=\"color:#000; margin-left:10px;\">Raising your deductible<\/span><\/li><\/ul><\/div>\n\n\n\n<p><strong>Security protection devices <\/strong>\u2013 You should receive a discount on your condo insurance if your condo has a security protection device already installed. Examples include fire and smoke detectors, sprinkler systems and security alarms. You may also get a discount if your building employs a doorman or security personnel.<\/p>\n\n\n\n<p><strong>Bundling <\/strong>\u2013 Another way to lower the cost of your condo insurance is through bundling. Bundling is when you buy two or more policies from the same insurance company. For example, you can bundle your condo insurance with your auto insurance.<\/p>\n\n\n\n<p><strong>Claims-free <\/strong>\u2013 Being claims-free will also help drive down the cost of your condo insurance. There are some variables with this discount so be sure to check with your insurance carrier. For example, some carriers will require you go three years without submitting a claim, others five years.<\/p>\n\n\n\n<p><strong>Paperless <\/strong>\u2013 To help the environment, many condo insurance carriers offer a small discount if you choose to receive your bills and documents electronically.<\/p>\n\n\n\n<p><strong>Pay in full <\/strong>\u2013 Some insurance carriers offer a small discount if you pay your policy premium in a single payment at the beginning of your insurance year.<\/p>\n\n\n\n<p><strong>Deductible <\/strong>\u2013 A deductible is how much you\u2019re required to pay out-of-pocket toward a condo insurance claim. A good rule of thumb is the lower your deductible, the higher your rate. Therefore, if your goal is lower condo insurance rates, you may want to keep your deductible higher.<\/p>\n\n\n\n<h2 style=\"margin-bottom:0px;\">Standard coverages<\/h2>\n\n\n\n<p>Another factor that insurance companies consider when determining the cost of your condo insurance is what kind of coverage you buy. Your average condo insurance policy will typically include the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Personal Property<\/strong> \u2013 Covers the cost of personal property damage or theft. Applies to possessions inside and outside of your home, such as furniture, TVs and computers.<\/li>\n\n\n\n<li><strong>Cabinets and Fixtures <\/strong>\u2013 Protects what is within the walls plus anything attached to the walls, such as your cabinets, appliances and flooring.<\/li>\n\n\n\n<li><strong>Personal Liability<\/strong> \u2013 Provides protection if you\u2019re legally responsible for property damage or injuries to others. It may also help pay for legal expenses, medical bills for other people, and other costs.&nbsp;<\/li>\n\n\n\n<li><strong>Emergency Living Expenses (or Loss of Use)<\/strong> \u2013 Reimburses you for lodging, meals and other related expenses if you need to vacate your unit due to severe damage from a covered event.<\/li>\n<\/ul>\n\n\n\n<h2 style=\"margin-bottom:0px;\">Add-on coverages<\/h2>\n\n\n\n<p>Beyond your condo policy\u2019s standard coverages, you may want to add even more protection. Here are some examples of optional add-on coverages.<\/p>\n\n\n\n<div class=\"wp-block-columns icon-column-group is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:20%\">\n<div class=\"icon-resource-column icon-top-padding\"><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/06\/Cyber1.png\"  class=\"icon-resource-five\"><\/div><p style=\" padding:5px 5px 0px 5px; text-align:center; font-size:14px; line-height:16px;\">Home Cyber Coverage<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:20%\">\n<div class=\"icon-resource-column icon-top-padding\"><img decoding=\"async\" src=\"\/wp-content\/uploads\/2022\/10\/savings-bo.svg\"  class=\"icon-resource-five\"><\/div><p style=\" padding:5px 5px 0px 5px; text-align:center; font-size:14px; line-height:16px;\">Replacement Cost for Contents<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:20%\">\n<div class=\"icon-resource-column icon-top-padding\"><img decoding=\"async\" src=\"\/wp-content\/uploads\/2021\/03\/utility-service-line-bo.svg\"  class=\"icon-resource-five\"><\/div><p style=\" padding:5px 5px 0px 5px; text-align:center; font-size:14px; line-height:16px;\">Water Backup Coverage<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:20%\">\n<div class=\"icon-resource-column icon-top-padding\"><img decoding=\"async\" src=\"\/wp-content\/uploads\/2022\/03\/umbrella-bo-1.svg\"  class=\"icon-resource-five\"><\/div><p style=\" padding:5px 5px 0px 5px; text-align:center; font-size:14px; line-height:16px;\">Extra Coverage for Your Valuables<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:20%\">\n<div class=\"icon-resource-column icon-top-padding\"><img decoding=\"async\" src=\"\/wp-content\/uploads\/2022\/10\/life-bo.svg\"  class=\"icon-resource-five\"><\/div><p style=\" padding:5px 5px 0px 5px; text-align:center; font-size:14px; line-height:16px;\">Supplemental Loss Assessment<\/p>\n<\/div>\n<\/div>\n\n\n\n<p style=\"margin-top:0px;\"><strong>Home Cyber <\/strong>\u2013 Home <a href=\"https:\/\/www.plymouthrock.com\/insurance\/home\/coverage-policy-options\/identity-theft-monitoring\">cyber coverage<\/a> will keep you one step ahead of identity thieves and cyber-criminals. For example, if you\u2019re the victim of a cyber-attack, home cyber coverage could help pay to restore your computing device to its previous level of functionality. <strong><\/strong><\/p>\n\n\n\n<p><strong>Replacement cost for contents <\/strong>\u2013 If a particular piece of property gets damaged, this coverage will pay to replace it with a new, similar item. Without this coverage, you would only be paid what the item is worth at the time of the loss, which might be less due to depreciation.<\/p>\n\n\n\n<p><strong>Water backup <\/strong>\u2013 This coverage pays to replace your property if it\u2019s damaged by water backing up into your condo, usually through sewers, drains or overflows. Water backup coverage is a good idea if you live in a condo with a basement and a sump pump.<\/p>\n\n\n\n<p><strong>Extra coverage for your valuables <\/strong>\u2013 Your standard condo insurance policy already covers high-value items, like jewelry, up to a certain amount. If you want extra coverage, you can purchase an endorsement. An endorsement will raise the coverage limit of a specific item or categories of items.<\/p>\n\n\n\n<p><strong>Supplemental loss assessment <\/strong>\u2013<strong> <\/strong>This coverage pays for damages to shared areas that exceed your condo association\u2019s policy limits. For example, if a fire causes $500,000 in damage to the building and your association\u2019s insurance limit is $300,000, then the remaining $200,000 must be covered by the condo owners. If there are 20 units in the building, each condo owner will be responsible for $10,000. This coverage would help pay that amount.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You may be wondering, \u201cHow much does condo insurance cost?\u201d These guidelines will give you an idea.<\/p>\n","protected":false},"author":6,"featured_media":38213,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","inline_featured_image":false,"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":""},"products":[76,72,106],"state":[79,83,80,81,82,84],"class_list":["post-38221","resources","type-resources","status-publish","format-standard","has-post-thumbnail","hentry","products-condo","products-home","products-renters","state-ct","state-ma","state-nh","state-nj","state-ny","state-pa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.8 (Yoast SEO v25.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How much does condo 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