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Condo Insurance in Fort Myers and Southwest Florida

Your Unit and Your Association, Explained

Bassine Insurance Agency is an independent insurance agency in North Fort Myers. If you’re looking for condo insurance in Fort Myers or nearby, we help you understand what you’re insuring and what your association already insures for you.

Owning a condo means two policies are involved. Your association’s master policy covers the shared building. Your own condo policy, often called an HO-6, covers the rest. We’ll help you see where one stops and the other starts.

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Mid-rise condominium building with balconies and palm trees in Southwest Florida
Condo balcony with a small table and chairs overlooking a canal

What a Condo Insurance Policy Usually Covers

The parts of your unit you’re responsible for, such as interior walls, cabinets, flooring and fixtures. What counts as yours depends on the association’s documents.

Furniture, clothing, electronics and other belongings, usually up to the limit you choose.

Protection if someone is hurt in your unit or you accidentally damage someone else’s property.

Temporary living costs if a covered loss makes your unit unlivable.

A portion of certain association charges, covered in more detail below.

Limits, deductibles and exclusions vary by policy, so the policy wording is what controls.

Special Assessments and Loss Assessment Coverage

A special assessment is a charge the association passes to owners when it needs money beyond what it has on hand. Loss assessment coverage is the part of a condo policy that can take on a portion of certain assessments, usually after storm damage to the building or a liability claim the association’s insurance can’t fully pay.

It isn’t a promise to pay every assessment. Routine maintenance, reserve funding and planned improvements are commonly not covered, and the cause of the charge matters as much as the amount. The limit, the deductible and the exact wording of your policy decide what applies.

Newer Florida requirements for structural inspections and reserve funding on older buildings have led to larger assessments for many owners. That makes it worth asking how much loss assessment coverage you carry and whether it fits your building’s age and condition.

Questions we’ll walk through with you:

  • How high is the limit? We’ll check what yours is and whether higher limits are available.
  • What triggers it? Usually a covered loss to the building or a covered liability claim. Other charges don’t qualify.
  • What about the association’s deductible? A storm deductible can be a percentage of the building’s value, and your policy’s loss assessment terms may reduce what it pays toward it.

For a deeper read, see our guide to condo master policies and personal condo insurance.

Condo kitchen with an island and pendant lights

Questions to Answer Before You Choose Coverage

Ask the association for its insurance certificate and a summary. Some policies stop at bare walls, others cover the unit as originally built, and others include more.

Flooring, cabinets and built-ins may fall to you, and they add up.

It’s often a percentage rather than a flat dollar amount, so check what that works out to in dollars.

Flooding is typically not covered by a standard condo policy and is bought separately, even for upper floors. See our flood insurance page.

Plumbing problems in a shared building can reach your unit through no fault of yours. Water backup is often a separate add-on, so confirm it’s included.

Buying a unit? Our condo insurance checklist for Southwest Florida buyers covers what to ask before closing. Our condo insurance 101 guide covers the basics.

How We Work With You

1. You send the basics. Your address, what you’ve upgraded, and the association’s insurance summary if you have it.

2. We review the documents. We compare the master policy with your unit so the gaps are clear.

3. We explain your options. You’ll see coverage choices from the carriers we work with, and you decide what fits.

Call (239) 995-0333 or request a quote and we’ll start with your association’s documents. Our office is open Monday through Friday, 8:00 AM to 5:00 PM.

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Condo Insurance FAQs

Straight answers to the questions condo owners ask us most.

Sometimes. Loss assessment coverage can apply to an assessment that follows covered damage, or a covered lawsuit, involving the association. It usually doesn’t respond to routine maintenance, reserve funding or planned improvements. Review the limit and the wording before an assessment arrives.

The master policy insures the shared building, and how much of your unit it includes varies. Your condo policy covers the rest, such as your belongings, liability and loss of use. Our master policy guide shows where the line usually falls.

Often, yes, even when nobody requires it. A standard condo policy typically doesn’t cover flooding, and the association’s master policy may not cover your unit’s contents either. Flood coverage is separate. Lenders and associations may require it, and risk exists outside the highest-risk zones. You can look up an address on the FEMA Flood Map Service Center, then ask us about options.

Many associations and lenders require unit owners to carry a policy. Check your governing documents and loan paperwork, and send us the requirement so we can match it.

Your unit address, whether you own or are buying, any upgrades to the interior, and the association’s insurance certificate or master policy summary if you can get it. If you can’t, call us and we’ll tell you what to ask for.

Yes. Our service area runs from North Fort Myers through Cape Coral, Naples, Bonita Springs, Lehigh Acres and Port Charlotte. We’ll walk through the policy and the building with you wherever you’re located.

Call (239) 995-0333 or send us your unit details and we’ll answer your questions.

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