Condominium Insurance in Springdale, AR
Owning a condo in Arkansas offers a unique blend of comfort and convenience, but it also comes with specific insurance needs. At Farris Insurance, we understand the importance of financially protecting your investment and personal belongings, which is why our team is dedicated to helping condo owners in Springdale, AR find the right coverage for their lifestyle and budget. 
What Does Condo Insurance Cover?
Condo insurance, also known as an HO-6 policy, is designed to fill the gaps between your condo association’s master policy and your personal coverage needs. Here’s what a typical condo insurance policy may include:
- Personal property protection is what handles coverage for your belongings, such as furniture or clothing, against risks like fire, theft or vandalism.
- Interior structure coverage is what financially protects the parts of your unit that aren’t covered by the association’s policy, such as flooring, cabinetry and fixtures.
- Liability insurance is what offers assistance if someone is injured in an accident for which you’re to blame or if you unintentionally cause damage to someone else’s property.
- Loss-of-use coverage is what helps with additional living expenses if your condo becomes uninhabitable due to a covered loss.
- Loss assessment coverage is what assists with costs if your association levies a special assessment for damages involving shared areas.
Who Needs Condo Insurance?
Condo insurance is essential for both current owners and prospective buyers in Arkansas. While your condo association’s master policy may cover the building’s exterior and common areas, it typically does not include your personal property or liability. Having your own policy helps to make sure you’re covered for incidents not included in the association’s policy.
Why Choose Farris Insurance?
Our team at Farris Insurance takes the time to review your condo association’s master policy and identify any coverage gaps. We work closely with clients in Springdale, AR to tailor condo insurance solutions that fit their needs.
Contact us today to discuss your condo insurance options and get a personalized quote.