Fort Worth condo insurance

If you own a condo in Fort Worth, your association’s master policy and your own unit policy may protect different things. Ashford Insurance serves Fort Worth from its Hurst office. Start by requesting the association’s insurance summary and your governing documents, then review the policy you would buy for your unit. The actual documents and insurer terms determine coverage.

Compare your unit policy with the association’s policy

The Texas Department of Insurance (TDI) says condo insurance usually covers property you own inside the unit, such as appliances, furniture, fixtures, and personal belongings. It may also cover common property you are responsible for under association rules. Ask the association what its master policy insures, where its responsibility ends, and whether you are responsible for interior finishes or improvements. Do not assume the master policy protects your belongings or pays for every loss inside the unit.

Bring the association documents and master-policy details to an insurance review. Ask what dwelling limit is appropriate for the parts of the unit you must insure, and how your policy and the master policy would respond to the same covered loss. Check deductibles, covered causes of loss, exclusions, and any association requirements. If the association assesses owners after a covered loss, ask whether loss-assessment coverage is available and what its limits and conditions are; do not assume all assessments are covered.

Review more than the walls

TDI lists dwelling, personal property, other structures, additional living expenses, personal liability, and medical payments among common Texas condo coverages. Ask whether your belongings are valued at replacement cost or actual cash value and whether high-value items need separate limits. If a covered loss makes the unit unlivable, ask when additional living expenses might apply, for how long, and what documentation you would need.

Discuss personal liability and medical-payments limits for your situation. If the unit is rented to someone else, used for short stays, or vacant, tell the agent before buying a policy; occupancy and use may affect eligibility and terms. Review water-related exclusions and deductibles, and ask about separate flood coverage if relevant to the property. Compare offers using the same assumptions instead of price alone.

Bring the documents to Ashford

Have the association’s master-policy summary, bylaws or insurance requirements, a description of upgrades, and any existing unit policy ready. Ashford Insurance serves Fort Worth from 1245 Southridge Court, Suite 101, Hurst, TX 76053. Contact Ashford or call 817-952-3153 to review options. Coverage, availability, pricing, limits, and exclusions depend on the insurer and your circumstances.

Source: Texas Department of Insurance, Shopping smart: Condo insurance basics.