Additional Condo Insurance Policies

Do Condo Owners Need Additional Insurance?

If you have a standard condo insurance policy, known as the HO-6, you’ve already taken an important step to protect yourself, your home and your personal belongings. Now’s the time when many condo owners choose to purchase additional coverage, so they can broaden the scope of their policy. Want to discuss additional policies with Muller Insurance? Speak with an agent directly by calling 201-659-2403.

Unexpected Problems, Serious Consequences

Unfortunately, condo insurance doesn’t cover every kind of hazard. Imagine that your expensive electronics get damaged in a flood, and you find out your insurance won’t cover any of the damages. We hope that never happens, but in case it does, you’ll be thankful you decided to purchase more comprehensive coverage tailored to your needs.

That’s why it’s important to look at your policy carefully to see what may or may not already be covered. For example, Muller Insurance already offers water and sewer backup coverage – something not offered by most other companies. But for the following hazards, a separate policy is commonly required:

  • Floods
  • Earthquakes
  • Nuclear hazards
  • Natural wear and tear
  • Birds, insects and rodents

More Protection for Condo Owners

You can purchase separate insurance for some of those uncovered hazards, as well as personal umbrella policies and more. Some popular choices for condo owners include:

Flood Insurance
If you live in a flood zone or near an ocean, lake or river, flood insurance is critical. Even if your unit is located on the second story of the building or higher you may have personal property stored on lower levels that are at risk for flood damage.

Extended Coverage
Estimate how much your jewelry, art and other expensive items cost. If the total is above the limit set by your insurance, you may want to look into getting extended coverage.

Vacant and Tenant-Occupied Insurance
If you ever travel and leave your condo unoccupied, or you rent it out to someone else, you’ll need to purchase additional coverage or switch your policy altogether.

Get Complete Coverage Now with Muller Insurance

Your Muller Insurance agent can go over all the additional condo insurance options available to you. And for peace of mind, we operate replacement cost policies only. This means we’ll reimburse the cost of replacing lost or damaged items with new ones, instead of just covering the cost of what your items would’ve been worth as is. To learn more and get covered, contact us today.

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Additional Resources


Let Muller Insurance identify all your coverage options.