Condo Insurance Designed For Modern Living
At Peachy Insurance, we understand the unique insurance needs of condo owners. We can help you find the right coverage for your condo unit at an affordable price.
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Where Your Association's Coverage Stops, Your Condo Insurance Begins
Most condo owners assume the HOA policy handles everything. It usually covers far less than they think, and the difference lands on them.
Where the Master Policy Stops
Your association insures the structure. Your condo policy, known as an HO-6, covers what is inside your walls: cabinets, flooring, fixtures, appliances, and everything you own. We read your association's declarations so you know exactly where the line falls.
The assessment nobody plans for
When the association files a claim, its deductible or uncovered repair costs get divided among unit owners. That bill comes to you whether or not the damage touched your unit. Loss assessment coverage pays your share up to the limit you set.
Built around your building
A twelfth-floor unit and a two-story walk-up carry different risks. Water damage from the unit above, shared roof exposure, and how your association's bylaws assign responsibility all change the policy you need. We build yours around your building, not a template.
Coverages Built for Unit Owners
Every condo policy is assembled from the same parts. Which ones you need, and at what limits, depends on your building and your association.
Personal Property
Furniture, electronics, clothing, and everything else you own inside the unit. Responds to theft, fire, and the other causes of loss named in your policy.
Interior and Built-Ins
Cabinets, flooring, countertops, and fixtures inside your walls. How much you need depends on where your association's master policy stops.
Personal Liability
If a guest is injured in your unit or you damage a neighbor's property, this responds to the claim and to legal defense costs.
Guest Medical Payments
Pays medical bills for a guest hurt in your unit without anyone filing suit. A small limit that keeps a small accident from turning into a dispute.
Loss of Use
If a covered loss makes your unit unlivable, this helps with a hotel or rental and the extra costs of being displaced.
Loss Assessment
When the association's claim leaves a bill, your share gets billed to you. This covers that share up to the limit you select.
Scheduled Valuables
Jewelry, art, and collections carry low limits on a standard policy. Scheduling them raises the limit and usually drops the deductible.
Water Backup
Sewer and drain backup is commonly excluded from the base policy. Worth adding, especially for lower-floor units.
How Much Does Condo Insurance Cost?
The cost of condo insurance depends on a number of factors, including the value of your unit and the level of coverage you need.
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Condo Insurance You Can Actually Rely On
We're not just an insurance agent. We're your long-term partner in protecting the things that matter most to your family.
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4 Locations, Always Just A Call Away
Our home is the southeast. While we're also licensed in and proudly serve Alabama, Arkansas, and Mississippi, we have four locations throughout Georgia and Tennessee.
Condo Insurance Terms, Explained
A few terms come up in every condo policy conversation. Here is what they mean in plain language.
HO-6
The industry name for a condo policy. If an agent or lender says HO-6, they mean the policy that covers your unit, not the building.
Master Policy
The insurance your association carries on the building and shared areas. Your policy picks up where it stops, which is why the two need to be read together.
Bare Walls vs. Walls-In
Two ways a master policy can be written. Bare walls stops at the studs and leaves your drywall, flooring, and cabinets to you. Walls-in covers more of the interior. Your association's declarations say which one you have.
Deductible
The amount you pay out of pocket on a covered claim before your policy pays. A higher deductible usually lowers your premium and raises what you owe at claim time.
Replacement Cost
Pays to replace an item with a new one of similar kind and quality, without subtracting for age or wear, up to your limit.
Actual Cash Value
Pays what the item was worth at the time of loss, after depreciation. A ten-year-old sofa is settled as a ten-year-old sofa.
Policy Limit
The most your policy will pay for a given coverage. Each coverage carries its own limit, so a policy has several, not one.
Endorsement
An addition or change to the standard policy. Scheduled valuables and water backup are both endorsements, which is why coverage varies between two policies that look identical on paper.
Declarations Page
The summary page listing your coverages, limits, and deductibles. The fastest way to see what you actually have.
Exclusion
Something the policy does not cover, listed by name. Flood and earth movement are common ones.
Premium
What you pay for the policy, usually monthly or in installments across the term.
Simplified Protection Our Hassle-Free Insurance Process
Where Your Peace Of Mind Is Our Priority. We Understand That Finding The Right Insurance Coverage Can Be Overwhelming, Which Is Why.
What Customers Say on Google
Unedited reviews from our Google Business Profile. Read all of them there.
2nd year with Peachy, and they're very client-focused. They reached out to conduct a coverage review, and I spoke with Frankie, who was great at pointing out the pros & cons of different options in a no-pressure approach.
Yumna Ali
Very informative and helpful. Also helped me add an extra service to my new vehicle that will help incase i ever get total out👊🏾
Livingston Lewis
The agent was very helpful and very knowledgeable about my situation and my concerns and took time to explain everything
Lavander Hines
Answers To Important Condo Insurance Questions
Here are just some of the most frequently asked questions we receive about condo insurance, with some brief answers. Don't see your question answered here? We're only a call away and happy to advise at any time.
