5 Tips for Buying Condo Insurance in Arizona
June 9, 2025 | Insurance
If you own a condo in Arizona , having the right condo insurance is essential for protecting your investment and peace of mind. Unlike homeowners insurance , condo insurance covers what’s inside your unit—your personal belongings , interior walls, appliances, and liability. At Riseson Insurance , we help clients across Tempe , Phoenix , Scottsdale , Tucson , Gilbert , and Chandler find the best condo insurance policies tailored to their needs.
1. Understand What Your Condo Association Covers
Before you shop for a policy, review your HOA's master insurance plan. Some associations cover the building’s exterior and common areas, while others also include certain interior features. Knowing where their coverage ends will help you avoid paying for unnecessary protection—or worse, leaving a coverage gap.
2. Accurately Estimate the Value of Your Personal Property
Take an inventory of your belongings, including furniture, electronics, clothing, and kitchenware. Condo insurance covers personal property but underestimating the value can leave you short after a loss. Keep receipts and photos as documentation—especially for high-value items.
3. Choose the Right Deductible and Coverage Limits
Higher deductibles usually mean lower monthly premiums , but make sure you can comfortably afford the out-of-pocket cost in case of a claim. Also, review your coverage limits to ensure they align with your lifestyle and assets. If you’ve renovated your unit or purchased new electronics or art, your coverage should reflect those changes.
4. Consider Loss Assessment Coverage
If your HOA files a claim on the master policy and the cost exceeds their limits, they may assess unit owners to cover the difference. Loss assessment coverage on your condo policy can help pay for your share of that cost. This is especially important in communities with shared roofs, pools, or elevators.
5. Work With a Local Independent Insurance Agent
Navigating condo insurance can be confusing—but it doesn’t have to be. Working with a local independent agent means you get expert advice, access to multiple carriers, and a policy tailored to your unique situation. At Riseson Insurance, we help Arizona condo owners compare options and make informed decisions that protect what matters most.
Want a personalized quote or coverage review ? Reach out to Riseson Insurance in Tempe to get a quote. Let us help you secure your condo with confidence.
Contact Riseson Insurance today at 602-460-5470.