Austin Condo Insurance

Obtain Affordable Austin, TX Condo Insurance

Find the right condo insurance policy for you.


Many Austin residents enjoy the benefits of owning a condominium, and many condos can be found in beautiful downtown Austin. House-hunters can find condos that are pet-friendly, close to parks or entertainment, or that afford great views of the city. If you own a downtown condo, you also have the advantage of being within walking distance of just about everything you need. Condos are a great investment; protect yours with a first-rate Austin, TX condo insurance policy.

When shopping for a condo insurance policy in Austin, you can turn to an independent agent in the Trusted Choice® network for assistance. All member agents have taken a pledge to provide the residents of their neighborhoods with excellent personal service and ethical guidance and advice. These agents have relationships with several different insurance carriers so they can easily find you a variety of competitively-priced policies from which to choose. Contact a member agent today to start comparing Austin condo insurance quotes.

Austin Condo Facts

  • Condos in the downtown area range in price from $150 to $1,100 per square foot
  • The average cost of a new luxury condo in the city is $1 million
  • In most cases, the higher the floor, the more expensive the condo
  • Condos and townhomes in the Austin suburbs can be purchased for under $200,000

When you are considering a condominium or townhouse, be sure to read the by-laws and trust agreements sanctioned by the condo administration. The condo association will have a master insurance plan that provides insurance coverage for the structure of the building and all common areas. As a condo owner, you will be responsible for insuring everything within your unit. This typically includes interior walls and ceilings, permanent fixtures and any home improvements you make such as carpeting, new appliances, and wall treatments.


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What Is Austin Condo Insurance?

Austin condominium insurance, also known as H-06 insurance, is a type of homeowners insurance designed specifically to meet the unique needs of condo owners. If you experience property loss or damage due to causes such as fire, weather or property crimes, a condo insurance policy can protect you from the financial burdens associated with replacing or repairing your property. These policies also provide coverage for liability claims against you.

Condo insurance is less expensive than traditional homeowners insurance because it does not need to provide coverage for the structure of your building. You also have decreased liability risks because any injuries sustained by guests outside the boundaries of your unit, such as on walkways or in stairwells, will be covered by the condo association’s master plan.

Austin Condo Insurance Covers Your Personal Property

Fires can cause a great deal of property damage. Cooking fires and carelessness with candles and cigarettes are some of the most common causes of residential fires. Wildfires in the Austin area are also a threat faced by condo owners in the suburbs. Your condo insurance policy will provide you with compensation for personal property losses caused by fires.

Austin Tornado Statistics

  • From 2005 through 2012, 15 tornados touched down within 50 miles of Austin
  • All of these tornados were F0 or F1 force twisters
  • The deadliest tornado to hit Austin was in 1922 when twin twisters touched down and killed 14 people

Inclement weather such as severe thunderstorms, hail and tornadoes can play a role in causing property damage. The exterior of the building and its structure is the most likely to be damaged in a storm, all of which will be covered by the master policy. However, structural damage can lead to water damage to your interior walls or to the destruction of your personal belongings. If this happens, you can rely on your Austin condo insurance for coverage.

Austin Property Crime Statistics from Neighborhood Scout

  • There are more than 7,000 reported burglaries in this city each year
  • Nearly 9 out of every 1,000 residents are a burglarized each year
  • This is higher than the national rate of 7.02 but lower than most major cities
  • Austin residents face a 1 in 19 chance of becoming a victim of property crimes
  • By comparison, Texas residents face a 1 in 29 chance

Theft and vandalism are the most common causes of property loss and damage. Fortunately, most condominiums are secured by high-tech entry-management equipment, gates or fences, but these are not always enough to keep intruders at bay. It can be very stressful to be the victim of malicious property damage or burglary, but you may be able to take comfort in knowing that your insurance policy will help you replace your lost items.


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Austin Condo Insurance Provides Liability Protection

Accidents sometimes happen, and if they result in extensive injuries, they have the potential to be very expensive. If a visitor to your home is injured and you are deemed liable, you might find yourself facing expensive medical bills and punitive fees.

Liability coverage can even cover expenses due to bodily injuries or property damage caused by you, your children or pets, whether done on or off your property. If a covered event requires you to go to court, your liability coverage will provide compensation for this as well.

Find an Austin Condo Insurance Policy that Is Right for You

When you are shopping for condo insurance, be sure that you are familiar with the bylaws of your condominium association’s master insurance policy. That way, you can be sure that you are neither lacking in needed coverage nor paying for coverage you already have. An independent agent in the Trusted Choice network can help you in review the master policy and can ensure that the policy you purchase is suitable to meet both your coverage and your budgetary needs.

You can find a local Trusted Choice member agent right here in Austin. Your local agent can look for ways to help you save money on all of your insurance policies. Contact a member agent in your neighborhood today to get more information and to start comparing Austin condo insurance quotes.

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