Condo insurance

Protect your home and lifestyle with condo insurance.

Ready to protect your condo and everything you love inside it? With Mapfre Insurance, you can enjoy peace of mind knowing your investment and belongings are covered by life’s unexpected events.

Condo coverage with Mapfre goes beyond the basics. We shield your personal property, provide liability protection if a guest injures themselves, and safeguard you from costly accidents or damage inside your unit.

Your condo association’s master policy may only cover the building’s exterior and shared spaces. Mapfre steps in where their coverage stops and protects your walls, fixtures, cabinetry, and all the personal touches that make your condo feel like home.

Mapfre provides condo insurance to residents in the following states:

Massachusetts
Connecticut
Rhode Island
New Hampshire
Maine
Vermont
Ohio
California
Oregon
Idaho
Washington

Why choose condo insurance from Mapfre?

Mapfre’s Unit-Owners Policy, or HO-6, is a homeowners insurance policy specifically for condominium owners, designed with real life in mind to offer protection for your unit, personal belongings, and more. Our Unit-Owners Policy typically covers:

Fixtures, alterations, and additions you’ve made to your unit
Personal belongings in your condo
Additional living expenses if you can’t stay in your home after a covered loss
Loss of rent when the unexpected happens

What’s included with Mapfre condo insurance?

When you choose Mapfre, your policy comes with comprehensive, built-in benefits designed to give you peace of mind. Here’s an overview of what’s included:

Coverage A – Dwelling: Dwelling coverage, included in your homeowners insurance policy, protects the structure of your home against damage from events such as fire, wind, or hail.

Coverage C – Personal property: Personal property coverage helps protect your belongings, such as furniture, clothing, and electronics, if they are stolen or damaged by a covered event.

Coverage D: Loss of use: Loss of use coverage can help pay for additional living expenses, like hotel stays and meals, if you need to temporarily move out while your home is being repaired after a covered event.

Unit-Owners Coverage C Special Coverage: This coverage protects your belongings against specific risks listed in the policy. You may add extra coverage for more types of damage, subject to exclusions. This is only available if you live in the condo or co-op and do not rent it out.

Limited water back-up and sump pump discharge overflow coverage: This coverage protects you against direct physical loss to your property caused by water or water-borne materials that back up or overflow from sewers, drains, or sump pumps inside your home, a type of damage not covered by standard policies.

Credit card, forgery, and counterfeit money protection: You can add extra protection to your homeowners policy for losses from stolen credit cards, debit cards, forged checks, or counterfeit money. This optional coverage pays up to $500, but you can increase the limit to $10,000 if you want extra protection.

Identity fraud expense coverage: If your identity is stolen or used fraudulently, you may qualify for expense reimbursement of up to $15,000 under identity fraud expense coverage. You’ll also have access to CyberScout™ services, including credit monitoring, alerts, and expert guidance, to assist with recovery.

Mapfre Advantage Plus: MAPS homeowners policies can add the Mapfre Advantage Plus Endorsement for extra protection and valuable benefits. This endorsement raises limits on specific items, adds more coverage for trees, shrubs, and plants, covers fire department service charges, and includes new benefits, such as reward and lock replacement coverage.

Ordinance or law coverage: Ordinance or law coverage is an optional addition to property insurance that helps pay extra costs when repairing, rebuilding, or demolishing a damaged structure to meet current building codes. For older buildings, it covers expenses like mandatory upgrades to electrical lumbing, or structural systems that regular insurance may not cover. Without this coverage, property owners may be responsible for these costs after a covered loss.

Personal injury coverage: This coverage protects you from more than just physical damage. It also covers legal costs and damages if you are held responsible for personal injury, including situations like false arrest, wrongful eviction, libel, slander, or invasion of privacy.

Refrigerated property coverage: If your refrigerator or freezer fails due to a mechanical breakdown or power outage, refrigerated property coverage helps protect your perishable foods. If your food is spoiled because of a breakdown or outage, you can be reimbursed up to $500 after a $100 deductible.

Supplemental loss assessment coverage: Your policy automatically includes $1,000 in coverage for certain assessments related to your home (not including earthquake-related assessments). You can increase this coverage for an extra cost to cover one or more assessments from a single loss. This option is available for your main home and up to two additional locations.

With Mapfre, you get more than insurance. You get confidence, support, and flexibility to protect your home your way.

What’s not covered by condo insurance?

While your condo policy helps protect against many risks, the following are generally not covered:

Normal wear and tear
Damage from lack of maintenance
Damage caused by remodeling or renovations
Flood and earthquake damage, which typically require separate policies.

If you need extra coverage, you can ask about endorsements for high-value items or specialized protection for unique needs.

How much does condo insurance cost

Your premium depends on your unit’s features, your personal property, and the coverage provided by your association’s master policy. Most policies are affordable and easy to customize. Your independent agent can help ensure you have the right protection, including endorsements for high-value belongings.

Start protecting your condo today

Your condo is more than a space. It’s your home. With Mapfre, you get confidence, support, and the flexibility to protect it your way. Get a free condo insurance quote today.

Common questions about condo insurance

What does a condo insurance policy cover?

A condo insurance policy from Mapfre typically protects the interior of your unit, including walls, fixtures, cabinetry, and your personal belongings. It also covers you if someone has an accident or gets injured inside your home and may help pay for additional living expenses if a covered loss makes your unit uninhabitable.

Is condo insurance required by law?

The law doesn’t always require condo insurance, but most mortgage lenders and condo associations ask for proof of a policy to protect your investment. Even if no one requires it, coverage gives you peace of mind during unpredictable times.

Does my association’s master policy cover my personal property?

No. Your condo association’s master policy generally only covers the building’s exterior and common areas; it does not cover the interior of your unit or your personal belongings. That’s why you need a condo insurance policy.

How much condo insurance do I need?

The value of your belongings, any upgrades you’ve made, and what your association’s master policy includes all determine the right amount of coverage. Your independent agent can help you customize your policy for the protection you need.

How do I get condo insurance with Mapfre?

You can get a free quote online in just minutes or connect with your independent agent to customize coverage that fits your needs.

Rising inflation, supply chain issues, and reconstruction and labor costs are among the many factors determine your annual home insurance premium. Because so many things go into calculating your premium, reviewing your home policy each year is a good idea to ensure you get the right coverage and pay the best rate.

Home insurance for first time buyers

Are you in the market for a new home or condominium? As part of that process, don’t forget that you’ll need to get homeowners insurance. Finding the right policy can be a challenge, especially for a first-time buyer. Here are some tips to help.