If you have a condo, the lender likely requires you to purchase condo insurance. If your condo is paid off, the HOA that oversees the condo building, can require you to carry condo insurance. Here at Richard Zeises Agency, serving the greater Jenkintown, PA area, we have had individuals ask us if their condo HOA can require or regulate which company you have to purchase condo insurance through. 

Can a Condo HOA Regulate Which Company You Have to Buy Condo Insurance Through?

The HOA, or homeowners association, for a condominium building, can require you to carry condo insurance. They can even require you to carry a minimum amount of coverage. However, while they can recommend insurance companies to you, ultimately, you have the final say in which company you decide to purchase condo insurance from.

As long as the insurance meets the minimum requirements required by the condo HOA, they cannot force you to purchase a policy through one insurance company or another. You have the ability to research various companies and obtain estimates for policies through different companies and select the insurer for your policy on your own. 

Reach Out To Us

Condo insurance is similar to home insurance. It helps to protect the investment you have made in the condo, as well as your belongings that are stored in the condo. If you are in the market for a new condo insurance policy in the greater Jenkintown, PA area, reach out to the insurance professionals at Richard Zeises Agency. We would love the opportunity to help you find the best insurance policy for your needs. Call us today to learn more.