Condo Insurance

Are you aware that the passage of senate bill 167 during the 2011 Utah legislative session has brought dramatic changes to Condo Insurance Policies?

Please give one of our agents a call so they can help you understand what these changes mean for you.

Farmers offers Condominium Owners Insurance Packages designed for your own special needs.

Loss of Assessment
You’ll receive up to $1,500 assessment arising form a covered damage. This can be used to pay for your share of property damage or injury awards for which your association’s policy does not provide coverage. Up to $50,000 is available, depending on your policy.

Additional Living Expense
If your condominium unit becomes unlivable due to an insured loss, we pay for those extra costs of housing, eating expenses, etc., up to the applicable limit.

Improvements, Alterations, Additions
You are also covered for accidental damage to improvements you make in your unit for which your association’s policy does not provide coverage, up to $2,000 or 10 percent of your basic coverage amount. You may also arrange higher limits.

Off-premises Coverage — This provides worldwide coverage for your personal property. You personal property is also covered at a secondary dwelling such as a cabin or vacation home. This coverage is limited to 10 percent of basic coverage or $1,000, whichever is greater.

Your personal property is covered against these losses:
  • Fire or Lightning
  • Windstorm or Hail
  • Explosion
  • Riot or Civil Commotion
  • Falling Objects
  • Aircraft or Vehicles
  • Smoke, if sudden and accidental
  • Vandalism or Theft
  • Weight of Ice, Snow or Sleet
  • Accidental discharge or overflow of water or steam from a plumbing, heating, air conditioning system or household appliance
  • Sudden and accidental tearing apart, cracking, burning, or bulging of a steam, hot water or air conditioning system, or appliance for heating water
  • Freezing of a plumbing, heating, air conditioning system or household appliance
  • Sudden and accidental damage from artificially generated electrical current (Does not include loss to tube, transistor, or similar electronic component).
  • Collapse of Building

Various deductible combinations are available on most coverages, except Personal Liability. Ask one of our Agents for more details.

Personal Liability Coverage
Your personal liability pays for bodily injuries to other people, or damage to their property, if you are liable resulting from:
  • Unintentional acts committed by qualified family members, while engaged in such activities as hunting, fishing, and other sports.
  • The acts of your pets
  • Unintentional acts committed by you or qualified family members, either on or off your premises

Legal Expenses
You are covered for any expenses in a suit we defend on your behalf, such as court costs, attorney fees, investigator fees, expense of witnesses and witness fees as well as the premium on appeal bonds and bonds to release attachments. Your coverage also pays any necessary expenses you incur at Farmers’ request, including up to $60 a day for actual loss of wages.

Addtional Liability Coverage Includes:
  • Emergency First Aid
  • Damage to property of others
  • Personal Property Coverages (Available for an additional cost).

Don’t forget to ask our Agents if you Qualify for any of our Farmers Discounts with your condo policy.