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Aspen Insurance Agency

2255 S Broadway Street
Denver, Colorado 80210

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Condo Insurance

Condominium insurance is unique. Your condo insurance policy covers your personal property and liability, as well as any additions, alterations and improvements you make to your unit that are your responsibility based on the condo association agreement.   

Optional loss assessment coverage is also available to protect you against certain assessments that may be levied by the association. You would be compensated for additional living expenses incurred should you need to vacate your condo after a covered loss. Let Aspen Insurance Agency help you find the right amount of coverage to suit your insurance needs.


What does condo insurance cover?

 Typically, Condo insurance includes coverage to protect you, your unit and your belongings. However, you can add additional coverage to ensure all your insurance needs are met. 

First, let us look at protecting you.  Personal Liability coverage covers you and your family in the event someone is accidentally injured while visiting your condo and you are at fault.  This coverage may help pay for legal expenses or the medical bills relating to your guest’s injury.  For those injuries in which you are not at fault there is Guest Medical coverage.

Next, the Building Property protection is coverage to pay for repairs to the walls and interior of your condo should it be damage by a covered peril such as fire.

 Finally, Personal Property coverage is for your belongings, such as electronics, appliances, furniture and clothing which are all typically covered.  This coverage may pay to repair or replace these items if they are stolen or damaged. There are two types of personal property coverage, one will pay the actual cash value, which is the depreciated value of your belongings and the other is replacement cost coverage, which pays the actual cost to repair or replace your belongings.  If you have special valuable items such as jewelry, art, antiques or collectibles, ask about our Valuable Articles option which provides broader coverage and no deductible in the event of a covered loss. 


Condo Associate Coverage – What is it?  What does it mean for you?

 Your condo association has an insurance policy of their own and it is sometimes referred to as the master policy.  Typically, this policy covers such things as the boiler room, roof, hallways, and other shared spaces.  It may even cover the structure of your unit is some manner, which is why it is very important to review the coverage of the condo association before selecting the coverage needed for your personal policy. 


Optional Coverages

Most insurance carriers offer optional coverages to cover those items that are not covered by the basic condo insurance policy.

Many people supplement their condo insurance coverage with personal umbrella liability insurance for broader protection to cover if you reach the limit of the liability coverage included in your policy.

Loss Assessment coverage offers added coverage for special assessments issued by your condo association.  For example, if one of the shared spaces was damaged by fires, the condo association may issue an assessment for your portion of the bill.

Flood Insurance is not covered in a standard condo policy but may be required by your mortgage lender.

When choosing insurance for your condo unit, the priority is to make sure you have the coverage that fits your needs.  Aspen Insurance Agency is here to help you select the policy that is right for you.

Aspen Insurance Agency is in Denver, Colorado, and services clients nationwide. We are a family run business working with multiple insurance carriers to offer our customers the coverage they need at the lowest possible cost. We offer a wide range of personal, commercial, and professional insurance to residential and commercial customers enabling the cheapest rates available. Call to speak to one of our insurance professionals and see how painless insurance shopping can be.


Why Choose Aspen?

  • Family-Owned Business
  • Serving clients nationwide
  • 24-hour max response time
  • Best in class discounts
  • Complimentary policy reviews
  • Dedicated and experienced agents
  • Insurance made EASY
  • 40+ Top Rated carrier partners
  • Advocating for our clients, NOT the insurance carrier

Servicing these States

Aspen Insurance Agency has served the Denver community for over 25 years and has since expanded to help clients in the following states:

  • Alabama
  • Arizona
  • California
  • Colorado
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kentucky
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

Our Trusted Partners

  • Safeco
  • Travelers
  • AIG - American International Group
  • Allied
  • American Collectors
  • Amtrust
  • Apogee Insurance Group
  • ASI (American Strategic Ins)
  • Auto-Owners Insurance Company
  • Berkshire Hathaway Inc
  • Bristol West
  • BTIS
  • Burns
  • CAT Coverage
  • Chris-Leef
  • Chubb
  • CNA
  • Cochrane and Company
  • Colonial General
  • Colorado Health
  • CRC/Crump
  • Dairyland Auto
  • Desert Specialty
  • Distinguished Programs
  • Foremost
  • Gateway Specialty
  • Genesee General
  • Grundy
  • Hagerty
  • Hiscox
  • Hull & Company
  • IPFS
  • Liberty Mutual
  • MetLife
  • National General
  • Networked Insurance Agents
  • Nonprofit Insurance Alliance Group
  • Orchid
  • Philadelphia Ins Co.
  • Pinnacol Assur.
  • Progressive
  • Protective Life
  • RPS
  • RT Specialty
  • Sam Main Co
  • State Auto
  • The Hartford
  • The Insurancenter
  • Titan
  • Tokyo Marine HCC
  • US Assure
  • USLI Direct Bill
  • Western pacific Mutual Ins Co
  • Worldwide Facilities