Resources for Individual Unit Owners

There is oftentimes a fine line between which aspects of your condominium or cooperative are covered by the association's insurance policy and which are the responsibility of individual unit owners. It is important for unit owners to understand which aspects of their property are, and are not, covered under the association policy.

The following chart illustrates those items typically covered in an association policy, and alerts unit owners about areas for which they should secure personal insurance protection.

If you are interested in more information or are unsure how these guidelines apply to your situation, visit our Frequently Asked Questions page, or contact a Mesirow Financial expert for a complimentary consultation and quote.

Property Condo/Co-op Association Personal Insurance
Perimeter walls and ceilings through the primer only *  
Exterior surfaces of doors and windows, including window glazing *  
Plumbing and electrical fixtures   *
Flooring, floor covering, tile and bathroom fixtures, cabinets, countertops, built-in appliances (permanently attached/cannot operate freestanding)   *
Additions within and improvements to your unit including decorating, wallpaper, paneling, mirrors and floor coverings (carpet, tile, parquet, linoleum, etc.)   *
All built-in appliances, cabinetry and countertops   *
Plumbing and electrical fixtures, faucets, handles, vents and other equipmnet within your unit and exclusively serving your unit   *
Personal property (furniture, appliances, clothing and other personal articles located within your unit and storage areas)   *
Personal Liability Common areas only, no coverage within units For own premises and elsewhere
Workers’ compensation and employer’s liability Association employees only Your domestic help