Condo Insurance FAQs

Mount Prospect, IL is full of scenic wooded trails, metropolitan areas, condos and homes, all within work and play distance to Chicago.  Com-Co Insurance Agency Inc serves the people of Mount Prospect IL with insurance services for their home, life, vehicle, business, and condo. If you would like to learn more about your own policy contact us soon. 

Frequently Asked Questions About Condo Insurance

  • How does condo insurance differ from regular homeowner’s insurance? It is very similar, but a condo has special considerations that a home may not have. These are the same reasons that many people choose to live in a condo: convenience, shared walls, shared yard load, increased security, and lower maintenance requirements. The insurance needs for a condo and house can vary as much as the difference between a house and condo.
  • How much coverage do I need? It depends on your specific situation. Variables such as shared walls and property, how much coverage the rest of the building holds, specific risks of the area, what valuables you store there, how many people visit, if you work from home and much more can determine your risk and coverage.  
  • I only use my condo part of the year. How does that affect insurance? If you only live in your condo part-time it can affect the insurance policy you choose because there may be an increased risk from it being empty, and there certainly is an increased risk if it is rented out. Discuss your unique situation with an agent when you call us. 

Com-Co Insurance Agency Inc serves the community of Mount Prospect, IL with quality insurance services if you have a condo or are considering purchasing one, call us today.