Condo Owner

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Condo Insurance For The Way You Live

As a condominium owner, you don’t have to paint the house, cut the grass or shovel snow, but you will need to protect yourself and your personal belongings with condo insurance. While your condo association likely carries insurance for the building and certain common areas, a Franklin Mutual Insurance condo policy can provide coverage for:

  • The permanent fixtures, appliances and upgrades in your condo for which you are responsible
  • Your personal property – anywhere in the world
  • Legal liability for injury or property damage to others
  • Loss assessment
  • Additional living expenses should your condo become temporarily unlivable due to covered damage

Less Exclusions, More Coverage

Our condo unit owner insurance policies clearly state in writing exactly what is excluded from coverage; losses from any other causes are covered. It’s that simple. In addition, your personal property is written on a replacement-cost basis, meaning you’re reimbursed for what it costs to buy new regardless of depreciation due to age or wear and tear.

What’s more, your personal property and any part of the unit for which you are responsible are covered under one single blanket limit.

Money Saving Discounts

You may be eligible for condo insurance savings with discounts for:

  • Customer loyalty
  • Alarms and alarm systems
  • Mature homeowner (Age 55+)
  • Higher deductibles

In addition, FMI homeowner policyholders may be eligible to receive a FREE Roost Smart Water Leak and Freeze Detector. The wireless leak detector is designed to sense water leaks, humidity or freezing temperature situations, and deliver smartphone alerts via the Roost mobile app to help minimize damage and ensure peace of mind.  The device sets up in less than five minutes and can be easily located in places around the home that are most prone to water leaks such as near hot water heaters, sump pumps, washing machines, sinks, toilets, dishwashers and refrigerators.

 Enjoy special partner discounts on additional Roost Smart Leak Detectors and Smart Batteries here.

Customize Your Coverage

Franklin Mutual Insurance offers a wide variety of coverage enhancements that give you the flexibility to build your condo owner policy on your terms, including:

Franklin Mutual’s home insurance is available exclusively through a select group of local professional independent insurance agents who understand your specific needs and can personalize a policy for the way you live.