Washington Condo Insurance
(Quotes, Cost & Coverage)

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Get Washington condo insurance quotes, cost & coverage fast. Condo insurance protects your personal property and any parts of your unit that aren't covered by your WA condo association's policy.

Condo Insurance

Washington Condo Insurance ⋆ Quotes, Cost & Coverage

Okay, you own a condo, that's similar to owning a home, right? In some ways yes. However, when it comes to determining how much coverage you need, and what you actually have to insure, there is a difference. So, what should you consider when choosing a Washington condo insurance policy as a new owner? Let's go through a condominium insurance policy and what is included - before you get a quote.

Condominium or cooperative unit owners own the inside of their units, with the outside owned by the condominium association or the cooperative. The unit may be owner-occupied, leased, or rented to others. The condominium or cooperative bylaws define ownership and identify which party (unit owner or association) is responsible for purchasing property insurance for particular property items, such as built-in cabinetry, interior doors, or wall coverings.

The bylaws also determine the unit-owner's liability exposure. This type of shared ownership is expanding to include "landominiums" where the structures are entirely owned by the unit owners but all land is owned and maintained by the association and "dockominiums" where watercraft are owned by the unit owners but the docks and piers are under association ownership.

When it comes to owning a home, you are responsible for everything. You have to insure the property, interior, the exterior, and liability. With a condo, you aren't responsible for all of this. In fact, your HOA (home owners association) is usually going to cover the exterior (building, parking lot, sidewalks, exterior, etc.). Yes, you do pay an HOA fee, but when choosing a Washington condo insurance policy, you usually don't have to purchase protection for halls in the hallway, carpeting, or the light fixtures. So, you are simply insuring the interior (your dwelling) and the belongings in it.

What Does Washington Condo Insurance Cover?

A WA condo policy has a few major parts including:

Building Property: This type of Washington condo insurance coverage typically helps protect the interior of your condo unit, out to the walls, which could include additions, built-in shelving and fixtures.

Personal Property: Protects your belongings in your unit like computers, clothes or furniture. Personal property is typically not covered by a condo association's master policy, your condo insurance policy should include this type of coverage.

Loss of Use: If a fire or other insured loss damages your WA condo, you might need somewhere else to stay. Loss of use can cover the increase in cost to live until you can move back in.

Loss Assessment: Uniquely to owners in condominiums and HOA associations, this Washington condo insurance coverage protects owners to be charged for certain kinds of loss. Following are examples that might require the condominium association to assess unit owners:

Personal Liability: This Washington condo insurance covers you if a third party makes a claim against you for bodily injury or property damage in your unit. In addition to award or settlement costs, this coverage can pay for your defense and court costs- even if the suit brought against you is frivolous.

Medical Payments To Others: This can medical expenses for people who are injured on your premises accidentally. Like a guest trips over a cord and fall and is hurt.

What Washington Condo Insurance Doesn't Cover

Condo insurance typically does not cover:

How Much Does Washington Condo Insurance Cost?

How much does Washington condo insurance cost? The average price of condo insurance is usually very affordable. The premiums vary depending on the company and their underwriting rules, and it depends on the coverages and deductible selected. Following are some of the main factors that go into the price of a policy:

WA Condominium Risks & Exposures

Property exposure is primarily limited to the personal property of the unit owner with additional property exposures as defined by the applicable association bylaws. The unit-owner's responsibility determines the amount of insurance necessary. The unit owner is always responsible for carpeting and wall paint, but may also be responsible for the dry wall plus the plumbing and wiring within the walls.

The responsibility for insuring cabinets, chimneys, countertops, doors, interior electrical, windows, and other structural items are also defined in the bylaws. The insured is also responsible for assessments brought by the condominium association or cooperative for damage to common property as defined by the bylaws.

Personal liability exposure arises from conditions at the premises and the actions of the members of the household. The age of any children, the social and civic organizations, and sports the family participates in can all impact the loss potential. In addition, the type and breed of family pets can increase the exposure.

The unit owner's premises liability is limited to the owned unit as explained in the bylaws, and the condominium association or cooperative has the premises liability for the common areas. If a member of the household becomes an officer or board member of the association or cooperative, there is added exposure for decisions made by the board.

Inland marine exposure includes the antiques, collectibles, electronics, fine arts, firearms, furs, jewelry, silverware, and other types of property subject to sublimits and exclusions within the homeowners policy. As these items are often attractive theft targets, security features such as locks, alarms, off-premise/transit exposures and storage arrangements should be reviewed.

Auto exposures are from household members driving owned, rented, or borrowed vehicles or from loaning their vehicles to others outside the household. All drivers must be identified, licensed, and have acceptable MVRs. The type of vehicle, ownership, the principle driver, garaging location, miles driven, and type of driving must be considered when evaluating the exposure. Age and experience of each driver must be evaluated. Driving courses can assist drivers of any age.

The exposure of household residents temporarily living away from the household exposures such as students away at college is important to explore because of potential vehicle ownership, state compliance, garaging, and usage changes.

WA Condo Insurance Quotes

Washington Insurance

Request a Washington Condo Insurance quote in Auburn, Bainbridge Island, Bellevue, Bellingham, Bothell, Bremerton, Burien, Camas, Des Moines, Edmonds, Everett, Federal Way, Issaquah, Kenmore, Kennewick, Kent, Kirkland, Lacey, Lake Stevens, Lakewood, Longview, Lynnwood, Maple Valley, Marysville, Mercer Island, Moses Lake, Mount Vernon, Mountlake Terrace, Mukilteo, Oak Harbor, Olympia, Pasco, Port Angeles, Pullman, Puyallup, Redmond, Renton, Richland, Sammamish, SeaTac, Seattle, Shoreline, Spokane Valley, Spokane, Tacoma, Tukwila, University Place, Vancouver, Walla Walla, Wenatchee, Yakima and all other cities in WA.

Washington Insurance Rules & Regulations

In Washington State, there are certain types of insurance that you should be aware of. We will be covering the limits and regulations of insurance within the state. You should be aware of these because if you operate a business, there may be certain types of insurance that you are required to carry. In addition, even if you do not have a business, there may be certain types of insurance regulations that you should familiarize yourself with. We will be taking a close look at insurance regulations for both personal and commercial here.

WA Commercial Insurance

For business liability insurance, what you should be aware of is that Washington does not require businesses to carry business liability insurance in order to operate. Washington is a pure comparative fault state which means that an insurance adjuster must first assess fault and name the adjuster or a court will reduce the award proportionate to the fault of the plaintiff. Businesses may carry business liability insurance in order to protect themselves against these types of claims.

However, Washington does require anyone who employs at least one person full-time or part-time to carry Worker's Compensation insurance to protect them if they are injured on the job. Washington does not require any type of disability insurance for businesses nor do they require commercial vehicles to carry commercial auto insurance.

Washington Personal Insurance

There are two types of personal insurance that you should be aware of. The first is auto insurance requirements. In Washington State, you are required to carry $25,000 per person and $50,000 per accident in bodily injury coverage. You are also required to carry $10,000 in property damage as well as uninsured/underinsured bodily coverage of $25,000 per person and $50,000 per accident.

There are two life insurance regulations to be aware of in Washington State. First, be aware that there is no free look period like there is in most states. If you sign up for life insurance, you are not able to cancel within 10 days in order to get a refund on your policy premium. However, there is a law that requires timely payment on insurance claims in the state of Washington. In fact, the state requires that the beneficiaries account start accruing interest on the day of death. That means that insurance companies will have to pay more for each day that they fail to pay the benefit. There is also a misrepresentation law when it comes to life insurance in Washington.


If you are looking for state specific Condo insurance quotes, costs and information: California Condo Insurance, Colorado Condo Insurance, Delaware Condo Insurance, Florida Condo Insurance, Illinois Condo Insurance, Kentucky Condo Insurance, New Jersey Condo Insurance, New York Condo Insurance, Oregon Condo Insurance, Oregon Condo Insurance, Pennsylvania Condo Insurance, Texas Condo Insurance, Washington Condo Insurance.

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