Condo Insurance

For your belongings and home improvements

You can choose from two coverage levels for your possessions and any improvements you make that you’re required to insure:

Basic coverage

Basic coverage is for specific risks listed in your policy for things like:

• Fire or lightning
• Theft or vandalism
• Wind or hail
• Freezing of plumbing

Premier coverage

Premier coverage is our best coverage.¹ In addition to what the basic policy includes, you’ll also have protection for accidents like:

• Countertop burns
• Paint spillage
• Power surge damage to appliances

You can also choose from the following claim settlement types for your personal property:

Actual cash value covers your belongings at the cost to repair or replace the damaged property, minus depreciation.

Replacement cost covers the cost to repair or replace your belongings. So if you have a 10-year-old refrigerator you need to replace because of a covered loss, we’ll pay you for a comparable model today, minus your deductible.

Liability coverage

Liability coverage is automatically included with your condo insurance and helps protect you if someone is injured on your property, you're responsible for damages to someone else's property, or you're sued for those injuries or damages and have legal defense costs.

• Choose liability limits up to $1 million
• Add optional liability coverages (for in-home businesses, watercraft, etc.) for an additional cost
• Add a personal umbrella liability insurance policy if you need more than $1 million in coverage

Medical Payments coverage

Medical Payments coverage can provide coverage for others’ medical costs if they’re injured on your property. You can choose up to $25,000 in coverage.

Coverage for high value items

Some of your belongings are only insured up to specific limits. Some examples:

• Jewelry, watches and furs: $2500
• Silverware, goldware and pewterware: $2500
• Money and other currency: $200
• Firearms: $2500
• Watercraft (like boats, jet skis and trailers): $1500
• Recreational motor vehicles (like ATVs and 4-wheelers): $500

If you have high value items you have questions about, talk to your representative about insuring them separately. It’s usually very affordable, and you’ll have peace of mind knowing you’re protected.

Coverage for additional risks

The following risks aren’t included with the base condo insurance policy coverage, but you can buy extra coverage for:

• Identity theft
• Earthquake damage
• Sump pump failure and/or back-up of sewer or drain
• Mine subsidence (for damage caused by underground mine collapse)¹
• Loss assessments from a condo association

Flood insurance

Condo insurance doesn’t cover flood damage, and flood insurance is generally only available through the National Flood Insurance Program. We can help get you covered through the federal program if your condo qualifies.²

Multi-Policy Discount

You could qualify for the Multi-Policy Discount if you have a condo policy and one of these policies or accounts with us:

• Auto insurance
• Life insurance
• Disability income insurance 
• A COUNTRY Trust Bank account or Annuity product with a balance over $1,000

Welcome Discount

If you purchase a new condo insurance policy, you will receive a Welcome Discount and continue to receive that condo insurance discount until the policy is renewed after three years (36 months). 

Loyalty Discount

The Loyalty Discount will apply to condo insurance policies that have been in place for three years or more. This condo insurance discount starts automatically on the first renewal after three years (36 months). 

Good Payer Discount

If you pay your bills on time, you could qualify for our Good Payer Discount. To get this condo insurance discount, you must go three years (36 months) without missing a payment that results in a lapse in your condo insurance coverage.  

Claim Free Discount

If you’re fortunate and maintain your property well, you could qualify for our Claim Free Discount. If you don’t have certain condo insurance claims for five years in a row, you'll qualify for this discount.

Backup System Discount

You may qualify when you have the sump pump endorsement and a backup system, like a permanently installed generator.