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Condo insurance, also known as condominium insurance, is an insurance policy that combines your personal property and liability insurance into one insurance policy. If you make any improvements or additions to your condo that abide by your condo association agreement, these alterations will also be covered by your condo insurance. Alliance Insurance of the Rockies can also help you add loss assessment coverage to your policy, which protects you in case you’re found to be responsible for a portion of damage in a shared space. Your condo association should have its own insurance policy, also referred to as a master insurance policy. Whenever deciding what to include in your personal condo insurance policy, make sure you understand what’s already included in the master policy.

This image features a couple inside of their condo in Colorado Springs. The man in a peach shirt is hugging his partner from behind, and she's in a striped shirt.

Is Your Insurance Protecting You?


When you own a condo, it’s important to have a condo insurance policy in place to protect you and your belongings. While you have the ability to personalize your condo insurance policy so it serves you best, there are four main areas that the majority of condo insurance policies cover. These areas of coverage are:

Dwelling Coverage

In the event of a covered loss, dwelling coverage helps to pay for rebuilding or replacing the structure of your condo unit and built-in appliances. This can include anything from rebuilding kitchen cabinets to repairing light fixtures.

Personal Property

Personal property coverage helps replace your damaged or destroyed belongings, such as furniture, jewelry, and electronics. The amount of personal property coverage you have will depend on the limit you choose.

Personal Liability

If someone suffers an injury or loss to their property in your condo, this protects you against any filed lawsuits. Accidents happen, and you don’t want to end up being legally responsible for thousands of dollars of medical bills.

Loss Of Use Coverage

If your condo endures a certain amount of damage during a covered loss that makes it uninhabitable, loss of use coverage helps pay for any relocation expenses. Loss of use coverage will cover expenses up to your set limit.


Usually, condo insurance policies don’t offer much protection for home businesses. At most, they offer limited coverage such as replacing your computer in the event of a covered loss. If you feel you need more comprehensive coverage for your home business, our insurance experts can help you explore your options. should match this.

Every policy is unique. Most condo insurance policies will automatically notify you when it’s time for renewal, but you must remain eligible in order to qualify for renewal. It’s crucial to speak with one of our representatives annually to review your current insurance policies and discuss if you want to renew or make changes.

Theft would be covered under personal property coverage in your condo insurance policy.

You cannot deduct condo insurance on your taxes. If you work from home or run a home business, however, you should be able to deduct a portion of your condo insurance from your taxes.

Unfortunately, most insurance companies exempt mold from their condo insurance coverage.

The insurance experts at Alliance Insurance of the Rockies will work closely with you to help you decide how much much condo insurance coverage you should get. We take into consideration a rough estimate of your belongings and if you have any valuable items.



When you own a condo, it’s crucial to have a condo insurance policy that protects you against unforeseen circumstances and disasters. Alliance Insurance of the Rockies has over 25 years of experience, and we are passionate about helping the residents of Colorado Springs find insurance policies that protect them as much as possible. If you want to learn more about your condo insurance options, please fill out the form to the right and an insurance expert from our team will contact you shortly.

Road Wreck Reveal: Uncover Accident Stats

Car accidents are a common occurrence on roads and highways across the United States, and they can have devastating consequences for those involved. Test your knowledge of car accident statistics with this quiz and discover the surprising facts and figures that may just save a life.