Utah Condo Insurance

Find the Best Condo Insurance Rates & Companies in Utah 

Many Utah residents are drawn to the conveniences of condo living. If you own a condo in Utah, you'll need to protect your personal property and liability with a complete condo insurance policy. This coverage can provide critical reimbursement after lawsuits, fire damage, break-ins, and many other disasters.

Luckily, a local independent insurance agent in Utah can help you find the right condo insurance. They'll get you matched to a policy with the ideal amount of coverage for your property. But first, here's a closer look at Utah condominium insurance requirements, coverage options, average rates, and more.

Best Condo Insurance Companies in Utah

Condo insurance is sold by many different carriers in Utah. But when you're looking for the best condominium insurance near you, it's helpful to have some recommendations to start your search. Here are just a few of our top picks for quality condo insurance companies in Utah. 

1. Foremost: This carrier sells condo insurance and many other types of personal insurance. Foremost has great ratings from AM Best and the Better Business Bureau (BBB), numerous discounts, and offers 24/7 claims reporting.
2. Stillwater: This carrier sells condo insurance and many other types of personal and business insurance. Stillwater has outstanding ratings from AM Best and the BBB, offers nationwide coverage, and provides 24/7 claims reporting.
3. Travelers: This carrier sells condo insurance and many other types of personal and business insurance. Travelers is a longstanding insurance company with excellent ratings from the BBB and AM Best and offers numerous discounts.

An independent insurance agent in Utah can help you compare quotes and coverage options from each of these outstanding carriers.

What's the Difference Between HO3 and HO6 Insurance?

Condo insurance, also referred to as HO6 insurance, is another form of homeowners insurance. These policies include coverage for liability, additional living expenses, and personal belongings or contents. Condo insurance or HO6 insurance doesn't include protection for a condo's structure or dwelling. 

In contrast, HO3 insurance provides dwelling or structural coverage for the home. Condo insurance doesn't include this protection because it's usually a part of the homeowners association's master policy.

Is Condo Insurance Required in Utah?

Condo insurance is often required in Utah, either by mortgage lenders or condo associations. But even if coverage isn't technically required, it's often a wise decision to get it. Without condo insurance, you could end up facing potential financial hardships after just one major incident like a lawsuit or a fire.

What Does Condo Insurance Cover in Utah?

In Utah, like most anywhere else, condo insurance comes with three main types of protection. Utah condo insurance typically includes the following coverages:

• Loss of use coverage: This covers temporary additional living expenses (e.g., gas, lodging, laundry services, and meals) if your condo is uninhabitable after a covered loss such as a fire.
• Contents coverage: This covers the cost of repairing or replacing your belongings after incidents of theft, destruction, or damage to your furniture, clothing, artwork, electronics, etc.
• Liability coverage: This covers lawsuit costs, such as attorney and court expenses, if a third party sues you for a claim of bodily injury or personal property damage.

Utah condo insurance typically includes protection against the following perils:

• Theft and vandalism
• Wind, lightning, and hail
• Burst pipes
• Explosions
• Fire and smoke

Make sure to review your specific Utah condominium insurance policy to be certain of exactly what's covered.

What's Not Covered by Utah Condo Insurance?

It's also crucial to be aware of your Utah condo insurance policy's exclusions. In Utah, condo insurance typically won't cover the following disasters or expenses:

• Insect damage and infestation
• Routine maintenance
• Malicious or intentional acts against third parties
• Sewer backup damage
• Flood damage

Sewer backup endorsements are often available to add to your condo insurance policy if you want this additional coverage. You can also buy a separate flood insurance policy to protect your personal property against incidents of natural flood damage, such as those caused by heavy rainfall or melting snow.

How Much Does Condo Insurance Cost in Utah?

The average cost of condo insurance in Utah is $440 per year. This is just about level with the current national average cost of condo insurance, which is $455 per year. That said, be aware that the cost of your specific condo insurance policy is determined by many factors, including:

• Your personal claims history
• The crime and weather risks in your ZIP code
• The value of your condo and personal property
• The coverage options, limits, and deductible you choose
• The coverage provided by the association's master policy

You may be able to further reduce the cost of your premiums by asking about any Utah condo insurance discounts you qualify for.

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