Save up to 40% on your condo insurance with our help!
Condominiums are unique, and so is the protection they need. We can help you get the protection it deserves at the best possible rate.
Give us a call today!
We have access to 100+ leading carriers in Texas to find the best insurance for your condo and belongings.
“Richey Insurance Agency works for you, not just one insurance agency!”
Condo insurance covers several areas that your condo association’s master policy might not.
The master policy typically offers three main types of coverage:
Condo owners can add these coverages for extra protection:
The average cost of condo insurance in Texas is about $730 per year or $61 per month. However, your actual premium can vary based on several factors, including:
To get an accurate quote and find the best rate, speak with our trusted insurance agent.
We serve all of Texas, with most of our customers coming from Houston, Kingwood, Harris County, Humble, Porter, and Spring.
If you have a mortgage on your condo, Texas law requires you to have condo insurance. Your lender will want to make sure their investment is protected in case of damage to your property. Even if you don’t have a mortgage, condo insurance is a smart move to safeguard your personal property and cover potential liabilities.
Water leaks can cause significant damage, but your condo insurance might not cover all types of leaks. For instance, if a leak occurs due to a burst pipe or malfunctioning water heater, your insurance may cover the damage. However, gradual leaks or issues caused by external flooding are typically not included. It’s important to keep up with maintenance to prevent leaks and minimize potential damages.
Condo HOA fees are used for maintaining the building and common areas, but they don’t cover your individual unit’s interior. The HOA policy typically insures the exterior of the building and common areas like hallways, pools, and gyms. To protect your personal property and the interior of your condo, condo insurance is necessary.
Compared to traditional homes, condos are often more affordable to insure. However, condo insurance premiums can vary depending on factors like the age of the building, your location, and the level of coverage you need. Generally, the shared responsibility between homeowners and the condo association for maintenance and repairs helps keep individual insurance costs lower.
A good approach to condo insurance is ensuring your coverage matches the appraised value of your unit’s interior and personal belongings. This helps protect your property in the event of an accident or damage. Make sure to review your insurance policy regularly, especially after home improvements or significant changes in your possessions.
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