Condo Insurance in San Antonio

For condominiums under the Uniform Condominium Act, Texas Property Code section 82.111 has the association carry property insurance on the common elements and general liability, to the extent reasonably available. In buildings where units are stacked, the association's property insurance also has to include the units, but it does not have to cover improvements and betterments owners installed. Townhome style condos can work differently, so the declaration and the master policy decide where your coverage starts.

Read the declarations page of the master policy, not just a summary from the management company. Master policies are often described as bare walls, which stops at the unfinished walls, or walls in, which includes original fixtures and finishes. Send us the master policy declarations and the insurance section of your condo declaration, and we set your dwelling limit to cover what the association does not.

The association's deductible can land on owners. Under section 82.111, the dedicatory instruments decide who pays the deductible when repairs cost more than it, and the association can charge an owner whose unit, guest or invitee caused the damage. Many Texas property policies, master policies included, carry a separate wind and hail deductible written as a percentage. Repair costs above the insurance proceeds are a common expense the board can assess, and loss assessment coverage pays your share up to its limit.