Condo Insurance


Home Insurance

Cara Sparks is Palatine's trusted American Family Insurance agent.

What Condo Insurance Covers

While your condo association’s insurance usually includes protection for most of the structure of your condo, their coverage doesn’t extend to your belongings. In addition, some condo association policies may not cover the entire structure. This is where we step in with affordable condo insurance options to get you back on your feet, should the unexpected happen.

What’s Covered Under Condo Insurance?

Condo insurance helps to protect your valuables, like furniture and electronics, should they be damaged in a covered incident, as well as helping to protect your finances against lawsuits from someone injuring themselves in your unit. It covers the things most condo association insurance policies don’t, helping you protect what matters most in your condominium.

Is Condo Insurance Necessary?

If you already have insurance with your condo association, you may be left thinking, “Do I really need condo unit-owners insurance?” While your condo association’s insurance coverage can help protect things related to the building itself and any external damages that occur, it does not protect what’s inside your condo unit itself, other than its structure. To protect the value of your belongings and help with repairs in certain cases, condo insurance is a necessity for many condo owners.

Property Protection for Your Condo

Your clothing, furniture, electronics, appliances and more — property coverage protects your unit and possessions against damage or loss caused by the following:

Hazards and Events Causing Damage to Your Condo

  • Fire
  • Theft
  • Water damage from plumbing, heating or a cooling system
  • Power surges to electronics and appliances you own

Example: If a fire occurred in your building and damaged your personal property, your condo association would be responsible for the damage to the structure of your unit, but not for replacing any of your belongings.

Temporary Living Expenses

  • Additional living expense
  • Fair rental value (purchased separately)

Example: If your condo is damaged by a fire and you can’t live in it during repairs, the temporary living expense coverage on your condo insurance policy helps cover the additional cost of hotel and other living expenses, like food.

Coverage for Your Condo Unit
Condo associations are typically responsible for insuring common areas, such as the building exterior. But as a condo owner, you may be responsible for items such as flooring, cabinetry, built-ins and similar features of your home considered to be a permanent part of your condo unit.

Have you made any upgrades to your unit, such as a kitchen remodel or bathroom upgrades? Keep in mind, in the event of a loss, your condo association is only responsible for replacing the property it’s required by the condo bylaws to insure, which may not include any expensive upgrades you’ve made. So if there’s a fire in your condo, it’d be your condo insurance that would replace your personal property and the additions you’ve made to the property.

Our agency can help you determine what you’re responsible for under the bylaws of your condo association and how much coverage you should have.

Condo Liability Protection
Accidents happen and, as a condo owner, you can be held liable for injuries to visitors that occur in your home. A condo policy helps provide financial protection for covered liability claims and lawsuits brought by others for accidental bodily injury or damage to their property that are caused by you, your children or pets.

Liability protection can also provide medical payments coverage — regardless of your legal responsibility — when an accident involves bodily injury to others.

For example: If a friend is visiting and they fall on your wet floor and break their leg, resulting in medical bills and lost wages because they can’t work, condo liability coverage helps cover the cost.

Like to learn more? We will be happy to help you identify what coverages are right for you and your condo, so give us a call today.

About the Cara Sparks Agency


Cara SparksI have been an insurance professional since 2010, and have a lot of experience building lasting relationships and protecting customers dreams. Our agency offers auto, home, life, business, farm/ranch, and other kinds of insurance tailored to fit your family’s unique needs. You can count on each and every member of my team to be honest, attentive and straight forward, and to always put your best interests first. Above all else, we are educators, advisers, and dream protectors.

OUR Insurance Agency

My team is here to serve. Our unique backgrounds, training and experience have prepared us well to help meet your insurance needs. Additionally, as residents of your community, we understand how important it is to be there for you - our trusted friends and neighbors. Together, we're building strong partnerships that help everyone succeed.

CALL US AT (847) 885-2043