Condo insurance does not cover the structure itself. Condo coverage is a walls-in policy, which means your personal property and interior fixtures will be covered in the event of a loss. Fixtures include flooring, drywall, cabinetry, countertops, and lighting. Your premium is based on your loan value with a 30% minimum, but each lender’s requirements are unique.

All Paine Insurance Group policies are based on replacement costs, not actual cash value. Replacement cost doesn’t include depreciation, which means we will replace your loss with the newer version.

Your policy will state 1% deductible per occurrence for All Other Perils – (Everything Except Flood).