Driving in North Dakota comes with its own set of risks-icy highways on I-94, rural roads where deer crossings are common, and hailstorms that can leave vehicles badly damaged. At Bowerman Insurance Agency, we provide auto insurance in Steele, ND and Bismarck that keeps you protected on every trip. As an independent insurance agency, we shop multiple carriers to find the right balance of coverage and cost for your needs.
Condo Insurance for Unit Owners (HO-6) and Renters Insurance (HO-4)
What Your Condo HOA Covers; And What It Doesn't
With a condominium, you can enjoy the convenience of apartment living along with the tax benefits of owning a home. Your association's master policy usually covers the building and common areas, but not the interior of your unit or your personal belongings. Bowerman Insurance Agency writes condo insurance that protects "from the walls in," including improvements and finishes, plus your liability if someone is injured in your unit.
Condo Interior, Contents, Liability, and Assessments
Interior dwelling coverage for finishes like flooring, cabinets, and fixtures (based on bylaws). Personal property for what you own, personal liability and medical payments for injury coverage and loss assessment to help with your share of covered claims allocated by the HOA. Additional living expenses if a covered loss makes your unit uninhabitable.
Know the Difference Before a Claim
Home policies insure the entire dwelling structure you own, while condo policies focus on the interior space, what you're responsible for and your belongings. A renter’s policy is similar to a condo policy in regard to the responsibility of your belongings.
Renters Insurance
Bowerman Insurance Agency provides renter’s insurance to protect your belongings and personal liability. For many tenants, it's a low-cost way to gain meaningful protection.
Personal property for the things you own. Personal liability if a guest is injured or you accidentally cause damage to others. Additional living expenses if your rental becomes uninhabitable after a covered loss.
Renters insurance is a form of homeowner's insurance and is an inexpensive way to insure your personal belongings. Do you have a college student? These students usually have coverage under their parents’ homeowner insurance policy, but if a student moves off campus, there is limited or no coverage.
If a student attends a vocational school taking mechanic classes, for example, and takes his or her tools to class and leaves them at the school and they were stolen, there would be no coverage.
A separate renter’s policy can be the best solution. Bowerman Insurance Agency can also review dorm scenarios and advise on when a standalone policy becomes the better fit.
Answers for Unit Owners and Renters Insurance
If the HOA has insurance, why do I need mine?
The HOA policy doesn't cover your interior finishes or personal property.
Will my condo policy cover water leaks to other units?
Your liability coverage may apply if you're legally responsible; otherwise the HOA policy could respond.
Do I need extra liability limits?
Consider an umbrella if you want higher limits over your condo and auto policies.
What is a Renter’s Policy?
It’s a form of property insurance that protects tenants living in a rented dwelling, apartment or other type of living quarters.
How much renter’s coverage would I need?
Enough to replace your belongings-use a quick inventory as a guide.
Does my policy cover my roommate?
Generally, each tenant should have their own policy unless married.
Whether you’re in need of coverage for a condo or a renters policy, we can help you with your inventory, what coverage you need for which scenario. Bowerman Insurance options that fit your life style.