Pennsylvania Condo Insurance
Get a complete analysis of Pennsylvania condo insurance costs, coverages & companies.
Written by
Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.
Reviewed by
Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career. He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.
Find the Best Condo Insurance Rates & Companies in Pennsylvania
Condo living is an ideal situation for many Pennsylvania residents. Owning a condo provides many benefits, like shared amenities and maintenance that's taken care of for you. But if you own a condo in Pennsylvania, it must be protected by the right condo insurance.
Fortunately, a local independent insurance agent in Pennsylvania can help you find all the condo insurance you need fast. They'll get you matched to a policy with the ideal amount of coverage for your personal property and liability risk. Until then, here's a closer look at Pennsylvania condo insurance requirements, rates, and more.
Best Condo Insurance Companies in Pennsylvania
Many different carriers sell condo insurance in Pennsylvania. But when you're on a search for the best condominium insurance, you want to know exactly where to look. That's why we've included a few of our picks for the best condo insurance companies in Pennsylvania.
- Stillwater: This carrier sells condo insurance and many other types of personal and business insurance. Stillwater has excellent ratings from both AM Best and the Better Business Bureau (BBB), offers coverage in all states, and provides 24/7 claims reporting.
- Progressive: This insurance company sells condo insurance and many other types of personal and business insurance. Progressive has excellent financial strength, offers many discount options, and provides 24/7/365 customer service.
- Foremost: This insurance company sells condo insurance and many other types of personal insurance. Foremost has outstanding ratings from AM Best and the BBB, offers many discount options, and provides 24/7 claims reporting services.
A Pennsylvania independent insurance agent can provide you with quotes for condo insurance from each of these carriers and any others you're interested in comparing.
What's the Difference Between HO3 and HO6 Insurance?
A special type of homeowners insurance, condo insurance, or HO6 insurance, is designed to protect your personal property or contents as well as your liability. Condo insurance doesn't include protection for your home's structure or dwelling, while other forms of homeowners insurance, such as HO3 insurance, do. Owners of condos don't need additional dwelling coverage because it's typically included in the homeowners association's master insurance policy.
Is Condo Insurance Required in Pennsylvania?
Condo insurance isn't required by state law in Pennsylvania. However, many mortgage lenders require condo insurance as part of their contracts.
Further, you might be required to get condo insurance due to the condo association's regulations. Having condominium insurance can be beneficial no matter what because it provides critical compensation after a disaster like vandalism or hail damage.
What Does Condo Insurance Cover in Pennsylvania?
A condo insurance policy includes three core protections. Expect your Pennsylvania condo insurance to come with the following:
- Loss of use coverage: Pays for additional living expenses (e.g., lodging, meals, laundry services, and extra gas mileage) if you're forced to live somewhere else temporarily while your condo gets repaired after a fire or another covered disaster.
- Liability coverage: Pays for lawsuit expenses like attorney and court fees if a third party sues you for bodily injury or personal property damage.
- Contents coverage: Pays for repairs or necessary replacements of your personal property that gets stolen, vandalized, lost, damaged, or destroyed by a covered disaster.
Your Pennsylvania independent insurance agent can advise you on how to select the appropriate condo insurance policy for your needs.
What's Not Covered by Pennsylvania Condo Insurance?
As with any other type of coverage, condo insurance comes with its own exclusions to be aware of. In Pennsylvania, condo insurance is unlikely to cover any of the following:
- Insect damage or infestation
- Intentional or malicious acts against third parties
- Routine maintenance expenses
- Flood or earthquake damage
- Water or sewer backup damage
Endorsements for water or sewer backups are often available to add to your condo insurance policy. You may also want to buy a separate flood insurance policy if your condo is located in an area that's prone to flooding by natural sources.
How Much Does Condo Insurance Cost in Pennsylvania?
Pennsylvania's average condo insurance rates are considerably more affordable than the current national average of $455 per year. In Pennsylvania, condo insurance costs an average of just $365 annually. The cost of your policy's premiums is influenced by many factors, though, such as the following:
- How much coverage you need
- Your deductible amount
- The value of your personal property
- Your condo's location
- Your personal claims history
Don't forget to ask about any Pennsylvania condo insurance discounts you may be eligible for to possibly reduce your premium rates even further.
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Popular Questions about Pennsylvania Condo Insurance
There's no state law in Pennsylvania that requires condo insurance. However, many condo owners are still required to have condo insurance by their mortgage lenders or the condo association.
The current average cost of condo insurance in Pennsylvania is about $365 annually. This equates to around $30 monthly.
Our finding is that Stillwater is the best condo insurance company in Pennsylvania. Stillwater has a great reputation for quality customer service, competitive rates, numerous discounts, and excellent official ratings.
Pennsylvania independent insurance agents can help you find the condo insurance you need from a top-rated local carrier. Independent insurance agents work hard to find quality coverage at the most affordable rate. They'll shop and compare condo insurance quotes from several carriers for you.
And down the road, they can help you file condo insurance claims or update your coverage as needed. Your agent can help you find condo insurance in Pittsburgh or wherever you reside.
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