Condo owners in Houston, TX are typically required to keep an insurance policy to make sure they have adequate coverage if something happens. This policy works alongside the master’s policy that the HOA has to ensure everything on and most things inside the building are covered. There are a few things your personal policy might not cover, though. 

Common Inclusions

Most standard policies cover things inside your residence. This includes many personal belongings. It also includes most structural elements not covered by the master policy, like flooring, walls, and ceilings. Policies typically extend coverage to include appliances, too. 

Common Exclusions

Every policy also has common exclusions. Your policy will not cover anything shared by all owners; the master policy covers those. For example, it won’t cover the roof or shared amenities. An agent here at Insurance Over Texas can help you learn more about how these policies work together. 

Most policies won’t cover high-ticket items. Every policy has a coverage limit for personal belongings, and valuable items like jewelry, art collections, or electronics usually exceed that limit. Not everyone needs a higher coverage limit, so companies usually exclude those items. 

However, that doesn’t mean you can’t insure them. Companies offer various coverage levels or add-ons so you can purchase the additional coverage you need without paying for unnecessary coverage that will increase your monthly premium.

Agents here at Insurance Over Texas can help you learn more about your options. We’ll help you assess your personal belongings to make sure you have the necessary coverage before something happens. Contact us today to learn more. We’re currently serving the Houston, TX area.