Condo Insurance Beaverton, OR

Condo owners in Beaverton, OR have different insurance needs than single-family homeowners. At Schmidt Insurance Group, we’ll put our extensive knowledge to use to ensure there are no gaps in your coverage.

Why Choose Schmidt Insurance Group?

Condo Insurance Beaverton, ORYou may be thinking that “where” you buy your insurance policies is not important, but this mistake could be costing you money, service, and protection. There is a difference. 

At Schmidt Insurance Group, we design the best plan for protecting your finances, your family, your property, and your prized possessions.

  • We are real, live members of the PNW community.
  • We take the time to understand your unique needs.
  • We’re specially trained in high-net-worth households and can help you find the exact amount of coverage you need.
  • We use the most up-to-date technology to make your insurance experience easy and convenient.
  • We’re passionate about customer service and committed to always being there when you need us.
  • We welcome the opportunity to earn your business.

Condo Insurance vs. Homeowner’s Insurance

You may own an individual condo in Beaverton, but you most likely don’t own the entire complex! Instead, you share ownership of the entire complex with all other condo owners and have a shared responsibility to insure common areas like the land outside the building, the building lobby, hallways, stairwells, tennis courts, pool area, etc.

Your condo or homeowners association (HOA) will have a master policy to insure the building and pay for accidents that occur in common areas. Part of your monthly association dues usually pays for this insurance.

Typically, there are two different types of HOA master policies, and you should know which one your HOA carries.

  • If the HOA has what is called an “all-in” policy, it will usually cover the original items built into your unit, such as the cabinetry, lighting, and other fixtures, as well as the plumbing and wiring, and the HOA will provide insurance coverage for them.
  • If, however, the HOA has what is known as a “bare walls in” policy, it will be your responsibility to insure everything in your living space other than the walls, floors, and ceilings.

There are also variations of these two types, so we recommend having Schmidt Insurance Group agents review a copy of your HOA’s master policy to ensure that you have the right condo insurance coverage without any gaps.

Homeownership of any kind is a huge responsibility. There are insurance risks around every corner and in every crawlspace. That’s why, no matter what type of structure you call home, guidance from the knowledgeable insurance agents at Schmidt Insurance Group will help you prepare for all sorts of domestic hazards and protect you financially.

With condo insurance from Schmidt Insurance Group in Beaverton, OR, you’ll have peace of mind knowing that your home is protected if a loss occurs. Stop in for today for a visit, or give us a call at (503) 206-0881 for more information.