Condominium Insurance

Condo Insurance for Fort Myers, Cape Coral, Naples and all of Southwest Florida

A Condominium Unit Owners insurance policy picks up coverage for a unit where the condominium association master policy leaves off. An association typically insures the building and other common areas. As a condo unit owner, you are responsible for the interior of your individual unit. Every association’s insurance policy is different regarding what each unit owner is responsible for, so it is important to review your association master policy and condo by-laws carefully.

Lott & Gaylor has provided Condo Insurance to individuals and families in Fort Myers, Cape Coral, Naples and all of Southwest Florida for over three decades. Our insurance company’s understand the risks and have insurance products that are tailored to provide you excellent coverage for your condo unit at prices that are affordable.

In addition to a primary insurance policy tailor written for your condo unit, we also offer condo unit insurance for seasonal or secondary residences, time shares and vacation rentals. Call today and put our 40 years of experience to work for you.

Keep in mind that flood insurance is excluded under standard condo insurance (and renters insurance) policies. If you live in one of the many flood prone regions and have a federally backed mortgage, chances are you are required to carry it. Ask your Lott & Gaylor representative about flood insurance through the National Flood Insurance Program (NFIP).

What our clients are saying…

Property Protection

Your condo insurance policy, also known as a HO-6 is typically written on a special form or “all risk” basis. A special form policy insures against all perils unless they are specifically excluded in the policy.

Some of these excluded perils are:

Flood
Earth movement
Ordinance or law (some coverage may be provided in your policy)
Water damage (sudden and accidental water damage is automatically included)
Power failure
Neglect
War
Nuclear hazard
Intentional loss
Government action
Collapse (some coverage may be provided in your policy)
Mold, fungus, or wet Rot (some coverage may be provided in your policy)
Birds, vermin, rodents, or insects
Wear and tear, or deterioration

It’s important that you review your policy annually with your Lott & Gaylor representative to ensure that your possessions are adequately protected.

Personal Liability & Umbrella Protection

Condo Liability features typically include:

Personal liability for you, your spouse, relatives living with you and persons under 21 in your care
Protection against claims you’re legally obligated to pay
Payment of the cost of defending claims against you
Pet Liability
Medical expenses of others
Accidental death benefits

A personal umbrella is a policy that primarily affords an additional layer of protection over your primary auto, boat and home, condo or renters insurance. The umbrella is typically sold in increments of one million dollars and the availability may be dependent upon the limit of underlying coverage.

In practice a true umbrella can actually become the primary source of coverage when there is no coverage on the underlying policy. These may include, but are not limited to:

Libel
Slander
False Arrest
Invasion of Privacy

Typically you need personal property and liability coverage for your condo unit. Within these broad categories are subsets of coverage that form a comprehensive protection plan and include the following:

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