If you’ve chosen condo living, you may have been attracted to the simpler, easier lifestyle owning a condo affords. However, the special ownership arrangement between you and the condo community, where you own your unit but not the building it’s in or the land it’s on, actually makes selecting the right condo insurance coverage more complex. In fact, you’ll need to understand two different insurance policies—the condo association’s master insurance policy and your individual condo unit owners insurance policy—in order to get the right amount of coverage for your home, personal belongings, and more. Your local Bearingstar professional is happy to guide you through the unique coverage requirements of owning a condo in Massachusetts and Connecticut and help design a policy tailored to your specific condo owner needs.
We Make Understanding Condo Insurance as Simple as Possible
The typical condo insurance policy, similar to home insurance, includes coverage for your personal items against losses like fire, theft, and vandalism; legal expenses and medical costs if you’re found liable for an injury or property damage to others; and additional expenses you may incur if you have to temporarily move out of your condo because of a covered loss. Additionally, your condo policy should include coverage for the structural parts of your unit that you—and not the condo association—are responsible for insuring. Our Bearingstar professionals are skilled at uncovering all the details, including the type of master condo policy your association offers, that are required to custom design your condo insurance policy. After discussing your insurance goals, we may recommend broadening your condo insurance protection with the following coverage options:
- Personal Cyber & Identity Fraud Protection
- Home Systems Protection
- Jewelry, Watches, and Fine Arts Riders
- Loss Assessment Coverage
- Monthly Association Fee Reimbursement
- Umbrella Insurance
- Unit Owners Additions and Alterations Special Coverage
- Unit Owners Special Personal Property
- Water Back-Up and Sump Overflow Endorsement
Uncover the Ways You Can Save on Condo Insurance
The top priority for our team will always be to make sure your condo insurance policy includes the appropriate coverages to help support you financially in the event of a claim. However, we also want to offer these condo insurance options at competitive rates. To do that, we look for ways you may be able to save money today and in the long run. Following are just some of the discounts and credits you may be eligible for:
- Bundle & Save Discount
- Protective Devices and Alarm Services Discount
- New Home Credit
- Customer Loyalty Credit
- Claims-Free Discount
- Non-Smokers Endorsement Credit
- Automatic Payments Discount
This Is What We Love to Do
Educating customers on how to protect what is most important to them, providing insurance solutions that are easy to understand and competitively priced, and backing it all up with exemplary service—these are the things every Bearingstar team member is passionate about.
What Makes Bearingstar Different?
At our core, we are an agency focused on making a positive difference in the lives of people, from the customers and communities we serve to our employees working and living across Massachusetts and Connecticut. Click on any of the company principles to the right to learn more about how we strive to fulfill our collective personal and professional mission every day.
People FirstGood CitizenshipDiversity & InclusionStrength & SecurityBest-in-Class Performance
We always prioritize the person (not the transaction) and focus on building enduring relationships with customers and employees through positive, caring, and respectful interactions.
We take great pleasure in collaborating with people and organizations in the communities we serve and enjoy engaging in opportunities that allow us to give back and make an impact.
We are strongly committed to meeting the needs of the diverse individuals, families, business owners, and employees we support.
We have been here for our customers for over 25 years, and being backed by a long-standing and financially stable mutual assurance company means we are here for the long term.
We constantly seek new ideas, opportunities, and methods of doing business to ensure that we remain the benchmark for responsiveness and adaptability to customers’ ever-evolving needs.
