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P3 Insurance Solutions

8295 Tournament Dr, Suite 150
Memphis, TN 38125

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Condo Insurance in Tennessee

One of the biggest perks of owning a condo is that other people handle the maintenance for you. However, some problems, like theft of personal belongings, are not covered by the homeowners association master policy. At P3 Insurance Solutions, we recommend that you consider condo insurance.

What’s Condo Insurance?

Condo insurance is a variety of coverage types that protect you against problems like fire, theft, and accidental injuries to others. Here are some of the things condo insurance covers:

  • Personal property: Covers personal property like electronics and furniture from issues like fire and theft.
  • Liability: Your condo insurance will cover accidental damage to others, such as your dog biting the neighbor’s kid.
  • Medical payments to others: The coverage takes care of medical expenses for minor injuries inside the condo, such as someone slipping on a wet kitchen floor.
  • Loss of use: The cover steps in when you can no longer live in the condominium due to a problem covered by the policy (such as an explosion).

However, it is worth noting that condo insurance in Tennessee does not cover everything. Some of the common things it doesn’t cover include:

  • Power failure
  • Intentional loss
  • Governmental action
  • War
  • Neglect

Determining How Much Condo Insurance You Need

We strongly advise you to get condo insurance in Tennessee because of the peace of mind that comes with it. But how much insurance is enough?

First, you must consider the cost of rebuilding or repairing damage to your condo in Memphis, TN. If your HOA has a bare walls policy, remember that items like cabinets, light fixtures, and flooring are your responsibility.

The next thing you need to consider is the value of possessions. You can do a home inventory, including item descriptions, estimated values, serial numbers, and receipts.

Get Your Condo Insurance Today

Are you wondering how to get started on getting your condo insurance in Memphis, TN? At P3 Insurance Solutions, we are always happy to help. Reach out today for any inquiries and to get started on your condo insurance application.

Partner Carriers

  • Allstate
  • American Modern
  • Encompass
  • Farmers/Foremost
  • Guard
  • Liberty Mutual
  • Nationwide
  • National General
  • Progressive
  • Safeco
  • State Auto
  • The Hartford
  • Travelers