Contemporary coverage thinks outside the condo policy box.
SmartChoice for condominiums offers such advanced protection that we may just have to think of a whole new cliché. It includes 14 additional types of coverage, six more features, 17 higher protection amounts, and infinitely more peace of mind.*
Its broad coverage, realistic protection amounts, and defense strategy for the contemporary environment let you meet the property and liability challenges facing you as a unit owner head-on.
- SmartChoice covers the structure of your condo past your Coverage A limit – up to 125% of it. That helps ensure you can fully repair or replace the damaged property, without having to skimp on materials or hire a dubious contractor. This coverage feature is key, especially if your condo association’s master policy covers only up to the studs in your walls. That means none of your interior fixtures would be covered: your lighting, wall treatments, floors, counters, or cabinetry would be your responsibility.
- All condo owners need realistic levels of protection, but they should be smart about what they purchase. SmartChoice Condo helps you keep your costs down. Its flexible protection lets you combine the coverage limits for two parts of your policy: the part that covers the structure of your condo and the part that covers your personal property inside it. That way, if you have a large loss under the part that covers your belongings, you can use a portion of the amount that covers your structure. It works the other way around too.
- “Oops” is a four-letter word that can cost you seven figures – or more. You may have to protect your assets in case of a personal liability suit against you or a household family member. Personal Injury coverage is especially important if you are active in the community, on social media, or are a parent of children who are active in social media or sports, or who are inexperienced drivers.
- SmartChoice provides replacement cost coverage for your unit and the majority of your personal property – no depreciation will apply to your claim settlement. That means your claim payment is based on what it would cost to replace your property with new items, not the actual cash value of your old ones.
- Water and sewage backing up into your unit or storage area can cause expensive damage and leave biological contaminants. The cost you’d incur to repair or replace the damaged property and ensure decontamination can be far in excess of a standard condominium unit owners policy. SmartChoice covers you to $5,000.
In case of accident, make the SmartChoice.
Compare SmartChoice coverage to standard condominium unit owners coverage here. We think people want to make educated choices, so we provide real information about what options each coverage options include.
* Product, service, and discount availability and limits vary by state. The information provided on this site is provided for informational purposes only and is not a full explanation of products, services or coverage. For more information, please contact Electric Insurance Company at 800.227.2757. If there are discrepancies between the information on this site and the policy, the terms in the policy apply.