Presley Insurance Group
Condo Insurance for Texas Condo Owners
Presley Insurance Group helps Texas condo owners protect what’s inside their units—walls, finishes, and belongings—as well as their personal liability, all coordinated with the HOA’s master policy so you’re not over- or under-insured.
Condo Insurance Texas Owners Can Trust
Owning a condo means sharing some responsibilities with your association while still having a lot to protect inside your four walls. Condo insurance helps cover your unit’s interior, your personal belongings, and your liability if someone is hurt or you accidentally cause damage. It’s designed to work alongside your HOA’s master policy so you’re not paying twice for the same coverage—or missing key protection you assumed was included.
Based in the Dallas-Fort Worth area and serving condo owners across Austin, San Antonio, Central Texas, and West Texas, Presley Insurance Group is an independent insurance agency in Texas that shops multiple carriers for you. We review your condo documents, explain what the association covers, and help you choose building, personal property, liability, and loss assessment limits that make sense. Whether you’re in a high-rise, mid-rise, or townhome-style condo, you get clear options and a local team ready to help at renewal and at claim time.
Texas Condo Insurance Coverage Options
Building Property / Condo Unit Coverage
Condo unit coverage (often called “walls-in” coverage) helps protect the parts of your condo you’re responsible for—such as interior walls, flooring, cabinetry, built-ins, and upgrades. Because every HOA master policy is different, we review your documents to see where their coverage stops and yours needs to begin, then recommend limits that reflect what it would cost to repair or replace your unit’s interior.
Personal Liability Coverage
Personal liability coverage helps protect you if someone is injured in your unit or if you accidentally cause damage to someone else’s property. In a condo environment with shared spaces, neighbors, and guests, this protection is especially important. We’ll talk through your lifestyle, assets, and risk factors—such as pets or frequent hosting—to recommend liability limits that feel protective without being excessive.
Loss Assessment Coverage
Condo associations sometimes levy special assessments on unit owners after certain losses, especially when the master policy’s deductible is high or a claim isn’t fully covered. Loss assessment coverage can help pay your share of covered assessments related to property damage or liability claims. We’ll look at your HOA’s governing documents and master policy structure to recommend loss assessment limits that match your risk.
Personal Property Coverage
Personal property coverage helps pay to repair or replace your belongings if they’re damaged or destroyed by a covered loss, like fire, theft, or certain types of water damage. That includes furniture, electronics, clothing, décor, and more. We’ll help you estimate a realistic amount of coverage and decide whether replacement cost coverage is worth it so you’re not stuck with depreciated values after a claim.
Loss of Use / Additional Living Expenses
If a covered loss makes your condo temporarily unlivable, loss of use (or additional living expenses) coverage can help with costs like hotel stays, short-term rentals, or extra food expenses while your home is being repaired. We’ll review how this benefit works, how long it can last, and what’s considered a covered expense so you’re not guessing during a stressful time.
Deductibles and Wind/Hail Considerations
Many Texas master policies carry substantial wind/hail deductibles, and some use percentage-based deductibles tied to the building’s value. Your own condo policy will have its own deductible too. We’ll walk you through how those deductibles interact, what you’d realistically pay out of pocket in different scenarios, and how adjusting your condo deductible can affect your premium.
Common Endorsements and Upgrades
Condo insurance can be customized with endorsements like water backup coverage, increased building coverage for upgrades, scheduled jewelry or collectibles, and sometimes equipment breakdown or identity theft protection. We’ll help you decide which add-ons make sense based on your unit, your belongings, and your budget so you’re not paying for features you’ll never use.
Condo Insurance Built Around Texas Communities
Texas condo living can mean a high-rise in Dallas, a modern building in Austin, or a townhome-style community in a growing Central or West Texas suburb. Local building codes, HOA master policies, storm exposure, and construction costs all influence how your condo coverage should be structured. We consider your specific building and location—not just your unit number—when we recommend coverage and carriers.
Our local insight helps you:
- Understand where your HOA’s master policy ends and your condo policy begins
- Evaluate whether your building type and location call for higher or lower building and loss assessment limits
- Choose deductibles that make sense for both everyday claims and major storm scenarios
- Coordinate condo, auto, and umbrella insurance for a more complete liability picture
- Plan for evolving needs if you add upgrades, rent your unit, or purchase additional properties
Smart Ways Texas Condo Owners May Save on Condo Insurance
Condo insurance in Texas is often more affordable than full homeowners coverage, and there are usually ways to keep it cost-effective without cutting important protections. While discounts vary by carrier and eligibility, we look for opportunities to build value into your policy.
- Home and auto insurance bundles that include condo coverage
- Multi-policy discounts when you insure your condo, auto, and umbrella with the same carrier
- Claims-free discounts for condo owners with clean recent histories
- Potential savings for monitored alarm systems, sprinkler systems, and other safety features
- Credits tied to newer construction, updates, or certain building materials
- Thoughtfully adjusting deductibles while keeping core coverages strong
We’ll compare options from multiple carriers side by side so you see more than just the lowest price—you’ll see how each choice impacts your coverage, deductibles, and peace of mind. Our goal is to help you feel confident that your condo policy fits both your building and your budget.
Frequently Asked Questions
How is condo insurance different from homeowners insurance?
Homeowners insurance typically covers the entire structure and the land, while condo insurance is designed to cover just your individual unit’s interior plus your belongings and liability. In a condo, the association’s master policy usually covers common areas and parts of the building structure. Your condo policy fills in the gaps by protecting what you’re responsible for inside your unit, as well as your personal property and liability.
What does my HOA’s master policy cover versus my condo policy?
Your HOA’s master policy generally covers common areas and certain parts of the building structure—like hallways, roofs, elevators, and sometimes original fixtures inside units. Your condo policy usually covers interior finishes (depending on the master policy), your belongings, your personal liability, and extra protections like loss assessment and loss of use. We review your HOA documents and master policy type (bare walls, single entity, all-in, etc.) so we can clearly explain who covers what.
How much condo insurance do I need for my unit and belongings?
We start by looking at your master policy and any language that defines what the association covers. For your unit’s interior, we estimate the cost to repair or replace finishes you’re responsible for, like flooring, cabinets, counters, and built-ins. For your belongings, we help you approximate the total value of your furniture, electronics, clothing, and other items. Then we pair those with liability and loss assessment limits that reflect your assets, lifestyle, and HOA structure.
Does condo insurance cover special assessments from my HOA?
Not automatically—but loss assessment coverage on your condo policy can help with certain covered assessments, such as those arising from property damage or liability claims that involve common areas. It won’t usually cover assessments for routine maintenance or non-covered events. We’ll explain how your policy handles different types of assessments and help you choose a limit that matches your building’s deductible and risk profile.
Am I covered if I rent out my condo, either long-term or as a short-term rental?
Standard condo policies are built for owner-occupied use. Long-term tenants or short-term rentals (like vacation rentals) may create coverage gaps or exclusions if your policy isn’t structured correctly. If you rent out your condo, we’ll talk through how often and to whom, then explore options such as landlord or short-term rental endorsements, or a different policy type altogether, so your coverage matches how you actually use the unit.
Do I need separate flood insurance for my condo in Texas?
Yes—standard condo insurance typically does not cover flooding from rising water. If your building is in or near a flood zone or low-lying area, we can help you evaluate the risk and consider flood insurance options through the National Flood Insurance Program (NFIP) or private carriers. We’ll also consider how your building’s master flood policy (if one exists) interacts with any individual flood coverage you might need.