• Telephone: 303.659.5006
  • Toll Free 888.824.0799
  • Fascimilie: 303.659.8190
  • Email: FIS@FloodSVCS.com

Flood Insurance Coverage for Condo Owner/Renter

As a condominium unit owner, it is a good idea to purchase both building AND contents coverage. If you are the owner of a unit and have insured personal property under Coverage B (Personal Property), this will also cover your interior walls, floor and ceiling (not otherwise covered under a flood insurance policy purchased by your condominium association) for not more than 10 percent of the limit of liability shown for personal property on the Declarations Page...or you can purchase additional buildingcoverage to take care of the interior walls, floor, ceiling,and improvements and betterments to the building as well as the personal property (contents) coverage.

If you are a unit owner and we insured the building on a flood insurance policy,we will pay, up to the Coverage A (Building) limit of liability, your share of loss assessments charged against you by the condominium association in accordance with the condominium association's articles of association, declarations and your deed. The assessment must be made as a result of direct physical loss by or from flood during the policy term, to the building's common elements.

If you are a tenant, contents only coverage is available.

Flood insurance premiums are calculated based on factors such as:

  • Year of building construction
  • Building occupancy
  • Number of floors
  • Number of units
  • Location of the contents
  • Its flood risk (i.e. its flood zone)
  • The location of the lowest floor in relation to the elevation requirement on the flood map (in newer buildings only)
  • The deductible you choose and the amount of building and contents coverage

The RESIDENTIAL CONDOMINIUM BUILDING ASSOCIATION POLICY (RCBAP) insures the residential condominium association and thus the building in which your unit is located.

Click here to receive your Flood Insurance quote today!

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