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Fuqua Insurance Agency

1836 Hermitage Blvd, Suite 100
Tallahassee, FL 32308

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Is Luxury Condo Insurance Different From a Regular Policy?

Owning a luxury condo in Tallahassee, FL, has many perks, including 24-hour security, high-end amenities, and more. However, how do you protect the contents inside your unit? Do you need coverage that goes beyond the ordinary condo insurance policy? The answer is yes, you do. If you are wondering what to do, the professionals at Fuqua Insurance Agency can recommend the appropriate coverage for your situation.

The Differences in Insuring a Luxury Condo

While you may know the difference between insuring a luxury single-family home and a dodo, the two are the same yet different. The most obvious difference is that you don’t have to worry about the exterior structure of the building where your unit is located. The condo HOA, or homeowner’s association, will take care of insurance for your building, its exterior walls, and roof. However, you are still responsible for the interior contents, so you want to ensure you have the best coverage.

Ask for Coverage that Fits Your Needs

For most condo owners, a standard insurance policy will fit your needs. However, if your unit is worth between $750,000 and $1 million or more, you may qualify for high-end renter’s insurance if your condo meets that value. Like renter’s insurance, luxury condo renters should attempt to find a policy with superior coverage limits beyond what you can get with a standard policy. You’ll want to ensure your coverage reaches sufficient replacement costs for losses.

When you need to consider luxury condo insurance for your residence, contact the experts at Fuqua Insurance Agency, serving Tallahassee, FL, and its environs. Our staff will do what it takes to write a condo policy that fits your needs. Call us to schedule an initial consultation to discuss your needs.

Loss Of Use Coverage For Condo Owners

If your insurance policy provides loss-of-use coverage, you will be reimbursed for the cost of food, lodging, and other essentials. Review how loss of use coverage works. Then, consult with a Fuqua Insurance agency representative. We will assist you with filing a condo insurance claim in Tallahassee, FL.

Loss Of Use

Loss of use refers to any time when you cannot safely occupy your residence. The list below outlines some situations that may make your condo uninhabitable.

  • Smoke damage
  • Flooding
  • Fire
  • Extensive Renovations

This list includes some of the situations that would make your home uninhabitable. A complete list of situations that are covered should be outlined in your insurance documents.


Your condo insurance policy will provide you with an overview of the coverage that you have. Your loss of use coverage will specify how much you will be reimbursed for costs you incur while you are unable to stay in your home.

If you need to stay in a hotel, for instance, the cost of the hotel room and the food that you purchase may be covered. Any money that you spend while you are unable to stay at home should be accounted for.

Keeping careful records of the costs that you incur will ensure that you are repaid an amount that is fair. You can keep track of your expenses by holding onto the receipts of your purchases. The receipts should be turned in with your condo insurance claim.

Reach Out To Us

If you have any questions about your condo insurance policy, contact one of our agents at Fuqua Insurance Agency. We will address any concerns that you have in and around Tallahassee, FL.

Top 5 Things to Look for in a Condo Insurance Policy

Condo insurance is different than the standard homeowner’s insurance, but there are a few things you should look for that are important for condo insurance in Florida. The condo board may require you to have the right insurance. For answers to your questions, reach out to us at Fuqua Insurance Agency in Tallahassee, FL.

Top 5 Things to Look for in a Condo Insurance

1. Coverage for loss of use or additional living expenses.

This condo insurance offers financial protection if the condo becomes uninhabitable due to a covered loss. This can be a fire or natural disaster. It can provide coverage for temporary housing and living expenses during repairs.

2. Assessment of Loss.

Loss assessment coverage protects condo owners when their association lacks enough insurance coverage for the common areas. Such as the pool area and clubhouse or outer structure. It covers the cost of that special assessment, providing peace of mind in unexpected situations.

3. Loss of Personal Belongings Coverage.

Loss of Personal Belongings Coverage protects owners from financial loss due to damage or loss of personal belongings. The coverage pays for repairing or replacing personal items in case of unexpected life events such as theft, fire, or natural disasters like hurricanes.

4. Personal Liability Coverage.

This condo insurance protects if there is an event causing bodily injury or property damage to others. It can help to cover legal fees, medical expenses, and other costs associated with a liability lawsuit. 

5. Dwelling Coverage.

Dwelling coverage in Tallahassee, FL provides coverage of the cost of repairing or rebuilding the physical structure of a home if it’s damaged by covered events, like fire, wind, or theft. The difference here is it covers your unit only. 

For questions and guidance, reach out to us at Fuqua Insurance Agency.

Why You Need Condo Insurance

Condo insurance policies are written just for condo owners. They are similar to policies for houses and rental units, but they are specifically tailored to condo owners. Your condo board will require you to have this insurance coverage. If you have a mortgage lender, you will also be required by them to have this insurance. They will want their investment protected. When you need condo insurance, call us today at Fuqua Insurance Agency in Tallahassee, FL.

Condo Protection

Part of the protection that you get from this insurance is coverage for the condo itself. This is written very specifically into your policy based on which portions of the building you own. You don’t have to get insurance for spaces such as outer walls and common spaces. This protection pays for repairs when the condo gets damaged. There are a lot of things that can happen to damage a condo, including certain disasters and calamities. You need to be prepared with this coverage that pays for repairs. Paying for repairs within insurance can be so expensive that it causes serious financial harm. Always keep this insurance to prevent that. 

Item Protection

Condo insurance also pays for your personal belongings that are damaged. If a covered, damaging incident happens, this coverage can pay for getting your items replaced. It’s a good idea to have this coverage with the high cost of replacing so many items. When you add up the value of everything in a condo, it adds up to quite a lot. Without this insurance, it could be very difficult to get everything replaced. 

Get Your Condo Insurance

It’s a good idea to have your condo insurance from the first day that you own your condo. To get your policy, it’s time to call us at Fuqua Insurance Agency in Tallahassee, FL. 

Insure Your Condo and Protect your Possessions

Did you know that it is as important to insure a condo as it is a home? Let the Fuqua Insurance Agency, serving the Tallahassee, FL area, explain why condo insurance is necessary.

Why Condo Insurance?

Condominium insurance, also known as HO6 insurance, is designed to work with your association’s insurance policy. It will cover personal belongings and, in most cases, permanent fixtures in your unit, such as built-ins. If you are sued for negligence, if your dog bites a guest, or if you need to relocate during repairs, it helps with these costs.

Condos are a great alternative to renting an apartment. You will build equity the same as if it were a single-family home. But condos have their own unique needs when it comes to insurance.

An HO-6 insurance policy is what is required for a condo. HOA policies cover the structure of the building including elevators, common areas, exterior walls, and the roof. They do not cover individual condo units. That is why the owner needs to purchase condo insurance.

An event not typically covered by an HO-6 policy is flooding, which is not covered by any homeowners’ insurance company. A specific policy would be needed for it. If your condo floods from accidental water damage from the condo above, it will be covered by your homeowners or condo insurance. If it can be proven that the damage was preventable, the insurance company could take action with the neighbor’s insurance company.

Get The Right Coverage Today

Condo insurance is relatively inexpensive when compared with what you could lose in the event of a fire, break-in, or some other covered peril. Protect your condo. Don’t risk losing your personal property in the event of a disaster.

Our team of insurance experts at Fuqua Insurance Agency in Tallahassee, FL can provide a quote or answer any questions you may have. Contact us today.

What You Need to Know About Condo Insurance

Protect your home with the right condo insurance policy. As a tenant, you’re responsible for your belongings and any damage you cause to the property. Condo insurance can help cover the cost of repairs or replacements if something happens to your belongings or the unit itself.  Fuqua Insurance Agency in Tallahassee, FL offers this guide on navigating this important coverage.

What is Condo Insurance?

Condo insurance is a type of homeowner’s insurance that explicitly covers condos. Like other homeowner’s insurance policies, it can help protect your home and belongings from damage or theft. It can also help cover the cost of repairs if you accidentally damage another person’s property.

What Does Condo Insurance Cover?

Condo insurance typically covers:

• Damage to your unit from a covered event (e.g., fire, windstorm)

• Theft of your belongings

• Liability coverage if you’re sued for accidentally damaging someone else’s property or injuring them

Also, if you need to leave during a covered event (e.g., evacuation because of a hurricane), your condo insurance can help cover the cost of temporary housing.

What Does Condo Insurance Not Cover?

Condo insurance rarely covers:

• Flood damage

• Earthquake damage

• Damage caused by poor maintenance or negligence

• belongings left outside of your unit

Before accepting a policy, read the fine print to ensure you understand what is and isn’t covered. Your Fuqua Insurance Agency representative can help explain the coverage and exclusions in your condo insurance policy.

Deductibles and Limits

Condo insurance policies typically have a deductible, the amount you have to pay before your insurance kicks in. For example, if you have a $500 deductible and your damages total $1,000, you pay the first $500, and your insurance would cover the remaining $500.

Most policies also limit the maximum amount your insurance will pay for a covered event. For example, if you have a $500 limit for personal property and your damages total $1,000, your insurance would only cover $500.

Give Us A Call

Your Fuqua Insurance Agency representative in Tallahassee, FL can help you choose the right deductible and limits for your condo insurance policy.

Condo Insurance FAQs

If you own a condo in Tallahassee, FL, you must be aware of condo insurance. But do you understand how this insurance works? Do you know what it covers? For answers to these and many other questions, keep reading as Fuqua Insurance Agency shares responses to frequently asked questions about condo insurance.

What is condo insurance?

Condo insurance is an individual coverage for condo owners that covers the interior of your condo against damage. Depending on your condo owner’s association (COA) coverage, your condo insurance covers the interior walls, appliances, and other personal properties. 

But am I not covered by COA master policy?

Most condo owners are often confused about why they need condo insurance, yet their condo is covered by a COA master policy. Well, your COA’s master policy covers damage to the exterior of your building, including areas such as the lobby, elevator, tennis court, and other common areas. Besides, COA covers injuries to guests occurring in common areas such as the swimming pool. However, the COA master policy doesn’t cover damage or loss to your condo’s interior and its contents. 

What does condo insurance cover? 

While condo insurance may differ from one insurance company to another, typical condo insurance covers the below:

  • Dwelling coverage: Protects your building interior against perils like theft, vandalism, fire, and other covered risks.
  • Personal belongings: Covers personal assets like furniture, clothing, and electronics against loss or damage.
  • Liability coverage: Condo insurance provides bodily injury and property damage coverage, including legal fees coverage for injuries or damages you cause to other people. 
  • Additional living expenses (ALE) coverage: Provides coverage when your condo becomes unlivable. It pays for extra living expenses like hotel meals and accommodation after seeking temporal shelter as your condo is undergoing repairs. 

Are you shopping for condo insurance in Tallahassee, FL? At Fuqua Insurance Agency, we understand condo owners’ insurance needs differ. As such, instead of providing a one-size-fits-all condo insurance plan, we offer personalized insurance coverage to answer your specific needs. Contact us today for a competitive quote.

What protection does condo insurance offer?

Tallahassee is a trendy place to call home. As the capital of Florida, condos are in high demand. Insuring a condo is not precisely like insuring a free-standing home. Before you invest in condo insurance, talk to an independent insurance agent that you trust to steer you in the right direction. At Fuqua Insurance Agency in Tallahassee, FL, we care about you, and we will give you the benefit of our years of insurance experience. 

With condo insurance, you don’t need to insure the outside of the building. The condo association has a master policy that covers the exterior and common areas. Familiarize yourself with the master policy. It is important to know where the association insurance ends, and yours needs to begin.  

Property coverage

While you don’t need to insure the exterior of your condo, you need to cover the walls-in. This means things like the kitchen cabinets, a fireplace, bathrooms, and fixtures. If you have done any upgrades, be sure these are reflected in the price the insurance company will pay you to restore the interior if it is damaged. 


Everyone has a lot more possessions than they realize. You can choose replacement cost or actual value. Replacement cost is more expensive, but it means what it sounds like, you won’t get the depreciated value of your 10-year-old washer. You will get the amount you need to buy a new one. 


If someone is injured while visiting your condo or by a member of your family, liability coverage will protect your assets and help pay any legal fees and a judgment against you. 

Loss of use

If your condo is damaged and you can’t live there for a while, this will help pay for a place to stay. 

Contact Fuqua Insurance Agency in Tallahassee, FL for all of your insurance needs. 

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