Be prepared for when the unexpected happens. AAA Condominium/Townhouse Insurance protects your condo as well as your personal property, and lets you rest a little easier knowing you’re covered.

Insuring a condominium or townhouse is different than insuring a house.

Most condos have an association’s master insurance policy that likely covers damage to the structure and communal areas. When you pay Homeowners Association dues, you are paying toward this master policy.

This likely means you need less coverage for a condominium compared to a house, but you may still be responsible for damage to the interior construction. AAA Condominium/Townhouse Insurance helps cover your unit and your valuables when your Homeowners Association can’t.

Before contacting a AAA Insurance Agent, use the checklist below to help figure out what coverage is best for you.

Condo/Townhouse Coverage Checklist

Tips for Determining Personal Property Coverage

Personal property coverage, referred to as Coverage C in your policy, covers your personal possessions inside the condo or townhouse. To help determine the personal property coverage you need, do the following:

• Take inventory of your possessions. Include expensive personal property that may need additional coverage in your list. Find our inventory list at a AAA branch near you.

• Bring the list to your AAA Agent to review.

Recommended Optional Coverage:

Scheduled Personal Property Coverage. Basic Personal Property Coverage may not be adequate for special items, such as engagement rings, fine art work, firearms, comic books and trading cards. Ask your Agent how to best protect your valuable personal property.

Replacement Cost for Personal Property. We will replace your damaged, destroyed or stolen valuables at replacement cost rather than actual cash value.

Tips for Determining Dwelling Coverage

Dwelling coverage, referred to as Coverage A in your policy, depends on your Condominium Association Master Policy. To help determine the dwelling coverage you need, do the following:

• Keep a copy of your condominium association master policy and bylaws.

• Find out if the master policy is a studs-in or a studs-out policy. Knowing which policy you have will help determine the amount of coverage you need.

Studs-In: You’re responsible for damage within the walls of your unit, including drywall, floorings, built-in cabinetry and other fixtures. More coverage is required for studs-in.

Studs-Out: You’re responsible for damage to everything inside your unit, such as structural improvements, interior fixtures and your valuables. Additional personal property coverage will help protect the things that are important to you.

• Find out about Homeowners Association’s deductibles. High deductibles may transfer risk or losses back to you. The proper amount of insurance can help cover you.

• Make a list of completed remodeling done to your unit.

Recommended Optional Coverage:

Increase Limits for Loss Assessment Coverage. In case your association’s master policy will not pay for damage to common areas, we pay up to $25,000 in basic coverage and up to $50,000 as optional coverage.

Earthquake Insurance. Make sure you are covered when the big one strikes. Purchase additional coverage from the California Earthquake Authority through AAA. Flood Insurance. Separate flood insurance is available in many communities from the National Flood Insurance Program.