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Read your governing documents to determine the coverage that should be available to you from the association's master policy.

Then, determine how much of your personal property you want to cover. Your personal coverage in a condominium is called an HO-6 policy, and may also include assessment protection in case of a disaster.

Ask your board to help you work through the kind of individual policy you need, and to educate you about coverage actually contained in the master policy.

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Q: How much is condo insurance in Chicago?
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What companies in Chicago offer condo association insurance policies?

State Farm, Progressive and Geico are some well known companies that offer condo association insurance policies. There are local and lesser known companies such as Melendez Insurance that offer condo association insurance policies also.


How much does Condo Insurance cost?

A condo insurance costs about $200-$500 a month. You can read more at http://www.prudentialelliman.com/MainSite/Guide/NYCClosingCosts.aspx


How much should I be paying for condo insurance?

The value of your insurance depends upon the value of your condo. The important thing is that you have enough insurance to replace the condo. If you got the condo for a low price many years ago you can't insure it for that because you'd not be able to get another to replace if it were destroyed. The cost of the insurance on yor condo is based on several factors. In some cases your condo association will dictate the amount of coverage you must have.


How much usually for condo for sale in Chicago?

There are lots of prices for condo's in the Chicago area. All of them have different factors that will affect the price. Age of the condo, dues, age of appliances, and location are all factors that will dictate the price. Also, if the condo is a foreclosure will have some bearing on the price. Generally someone can purchase a condo for about $250,000.


Where can one find information on condo insurance?

Condo insurance can be purchased at the same places that sell homeowners insurance and will cover the costs of your property inside your condo and will pay for damages incurred.


How much does a condo rental cost in Chicago?

A condo rental in Chicago can vary depending on the area, the size of the condo, and how many rooms or features are desired. The best way to find the most current information on what a rental condo in Chicago costs would be to look for information online or contact a local real estate agent in the Chicago area.


What insurance companies will provide homeowner or condo insurance for a rental condo without having to insure your primary residence in my case rental insurance?

Your local insurance broker can answer your question.


What insurance is available for owners of condos?

If you own a condo, you can get basically the same type of insurance as a homeowner, depending on what type of condo you have. If you condo is more like apartments, you may be able to get insurance similar to renters insurance, while if you have a stand alone home, you can basically get just home owner insurance.


How far is a downtown chicago condo from Milwaukee, WI?

I think, downtown chicago condo was nearly 113 miles far from Milwaukee, WI


How much condo insurance do you need?

To determine how much condo insurance you need, you are best advised to insure the contents of your unit, because the association's master policy insures the real estate assets that all owners own in common. You can work with a broker and a copy of the master policy to determine the insurance coverage you want and need.


What company provides good ho6 condo insurance?

Condo insurance is basically renters insurance. You can go to a few different companies to do this, the best and most prominent one is probably State Farm Insurance.


Where can someone go to get insurance for a condo home?

Condo insurance is available as a specialist type of home insurance from most mainstream home insurance providers. Some well known examples are State Farm, Bank of America and GEICO.