What to Know About Condo Insurance in Hurricane-Prone Areas

Understanding the nuances of insurance coverage during hurricane season is particularly important for condo owners in Apollo Beach and throughout Florida’s coastal regions. With Florida’s unique weather patterns, standard condo insurance might not address all potential storm-related risks.

Understanding Coverage Boundaries

Your condo association holds a master policy that typically covers the building structure and common areas. Your individual condo insurance policy covers your personal belongings and certain interior elements.

This division of responsibility can create confusion during hurricane events. Most association policies cover the exterior building and structure, but coverage may stop at your unit’s walls. Interior fixtures, flooring, cabinets and personal belongings usually require coverage through your own policy. Reviewing both your personal condo policy and the master policy before hurricane season might help identify potential gaps in coverage.

Hurricane Deductibles and Special Considerations

Florida insurance policies often include separate hurricane deductibles that differ from standard deductibles. These hurricane-specific deductibles are usually a percentage of your dwelling coverage amount rather than a fixed dollar amount.

Additional Coverage Worth Considering

Standard condo policies do not usually include flood coverage, even though flooding often accompanies hurricanes. A separate flood insurance policy might be necessary, especially in coastal areas.

Loss assessment coverage could help with your share of damage to familiar areas that exceed the association’s policy limits. Following major hurricanes, associations sometimes levy special assessments to cover shortfalls.

Learn More

Contact Iron Rock Insurance in Apollo Beach, Florida, to discuss condo insurance options designed for hurricane-prone areas. Our team can analyze your coverage needs based on your situation.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.