| Texas condominium insurance offers a number of | | | | and may require the individual to pay an attorney |
| advantages that a standard Condo/Coop Master | | | | to clarify. Texas Auto Home Insurance can help |
| policy provided by that HOA might not. | | | | by providing Texas condominium owners, |
| In many cases, associations only insure the condo | | | | landlords, and tenants a simple and very clear list |
| as built, along with any standard housing fixtures | | | | of things to look for in their documentation. |
| such as plumbing and wiring installed at time of | | | | George White, President of Texas Auto Home |
| construction. Over the years improvements may | | | | Insurance Agency, can also tell you what |
| be made that are not covered under the original | | | | questions you need to ask in order to clarify the |
| condo insurance policy, and a recent buyer may | | | | coverage if the documentation you have been |
| assume that improvements are covered when | | | | given appears vague or confusing. If you decide |
| indeed they are not. To prevent any after the | | | | you need additional condo insurance coverage |
| fact and very unpleasant surprises, Texas Auto | | | | George White's staff can utilize an extensive |
| Home Insurance has completed considerable | | | | network of resources to find the very best |
| research specifically for condominium owners, | | | | policies, coverage extensions, and premium rates |
| landlords, and tenants in all Texas regions and | | | | for Texas residents. The following constitutes a |
| cities that can answer these and many other | | | | brief list of examples: |
| questions in advance, plus provide information on | | | | Unit Assessment |
| how to obtain better condo insurance rates and | | | | Should your homeowner's association charge you |
| more comprehensive, itemized coverage. | | | | a portion of a covered loss (say, for example, a |
| We have written this short essay to better | | | | fire in the complex), this coverage will reimburse |
| inform you of the many excellent opportunities in | | | | you the funds necessary to fulfill your |
| a wide variety of coverage this form of insurance | | | | requirements. |
| offers to Texans. | | | | Water Back Up |
| It is important before we go much further to | | | | We strongly recommend that Texas residents |
| differentiate between the types of Texas | | | | invest in this coverage. Many condos in Texas on |
| condominium insurance policies residents often hold | | | | are 40 years in age or even older and may be |
| or consider obtaining. The first is the master | | | | subject to occasional water and sewage problems. |
| policy, or "coop policy." It insures the areas that | | | | Personal Liability |
| residents in a building share in common with one | | | | This provides extended, specific condo liability |
| another, such as elevators, roofs, utility facilities, | | | | insurance coverage beyond standard Texas coop |
| walkways, and patios. Should any of these areas | | | | policies. It also protects landlords who manage |
| be damaged by a covered claim peril in or on the | | | | properties on behalf of owners from any personal |
| insured property, the complex and/or | | | | litigation against them that might be filed by a |
| homeowners association that holds the master | | | | tenant. |
| condo insurance policy will cover most repairs. | | | | Personal Content Coverage (owners, landlords, |
| This however, does not cover personal | | | | AND tenants) |
| possessions, or extend to any improvements you | | | | Texas condo renters may insure expensive |
| may have made if you are an owner who has | | | | contents such as furs and jewelry. We strongly |
| purchased the condo as an investment. For this, a | | | | recommend this because standard policies only |
| person must have a personal Texas condo | | | | indemnify tenant property up to stated limits |
| insurance that also will indemnify them against | | | | unless additional coverage is added. |
| additional perils and damages. | | | | Natural Disasters |
| The only way to make certain that all fixtures, | | | | Perils in Texas range broadly per region of the |
| improvements, and contents of a condominium | | | | state. Your agent can assess these for your and |
| are covered is to study either the bylaws of the | | | | give you the best coverage to protect against |
| building association or the details of the | | | | them as needed in your area. |
| condominium lease. Often this can be confusing | | | | |