Oklahoma Condo Insurance 2016-11-17T09:23:16+00:00

Call 918-341-6081 To Get the Right Condo Insurance Protection For You at the Lowest Cost!

When you decide to purchase a condo, it is imperative that you discuss your specific needs with an independent agent that has specialized knowledge in insuring condos. You NEVER want to buy a standard condo owners insurance policy without fully understanding the complete coverage, limitations, and exclusions and what that means for YOU!


Here are some important factors that must be considered when buying a condo owners insurance policy:

Alterations and Improvements– The typical condo association master policy covers the exterior structure with limited coverage for the interior walls. Usually the fixtures that originally came with the unit will be included; however, you must check with the homeowners association to find out first. You can adjust this coverage and increase the limits if needed, to adequately protect your needs.

Loss Assessment– You can be assessed by the condo association for damages to the complex that are not covered, or if it exceeds the amount of coverage in the Master Policy. There is an automatic $1000 limit for loss assessment coverage provided under the standard Oklahoma condo owners insurance policy, however this limit can be increased for as little as $5 or $10 a year.

Personal Property– The Condo Association Master Policy protects the exterior structure, but the Oklahoma condo owners insurance policy provides coverage for the personal property that you own. The cost of a condo owners insurance policy is based primarily on the amount of personal property that you own and want covered, so it is vital you discuss with your independent agent to ensure the best protection for YOU! Beware that there are very specific limits on different types of personal property.

Personal Liability– The Master Policy does NOT provide any coverage for personal liability, so you must have your own Oklahoma condo owners insurance policy to provide this protection. Most condo owners policies provide financial protection against liability claims and lawsuits brought by others for accidental bodily injury or damage to their property.

Is that a condo or a townhouse?

This is a very important question that must be answered with your Oklahoma independent agent BEFORE purchasing a policy. There is a HUGE difference between coverage for a condo owners insurance policy and a homeowners insurance policy that covers an actual townhouse. Don’t make that mistake!

Call our office today at 800-639-9280 and let our dedicated staff at RCI Insurance Group help you get the right protection for your needs.

Call 918-341-6081 For a FREE No Obligation Oklahoma Condo Owners Insurance Quote Today!