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Southern Risk Associates

710 E Laurel Ave
Foley, AL 36535

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FAQs about condo insurance

You may think that condo insurance is just another name for home insurance,  but there are subtle differences between a home and a condo and the same is true for insurance. Southern Risk Associates in Foley, AL is a locally owned independent insurance agency that puts customer service and our customers first. We will find you the perfect policy at a price you can live with. 

Do I need condo insurance?

If you have a mortgage, your lender will require you to have condo insurance. Having condo insurance may be required by your condo association. The state of Alabama does not require that you have condo insurance but it is a very good idea to have it. 

What does the condo association master policy cover?

The condo association master policy covers the exterior of the building and the common areas. Common areas include things such as parking lots, a pool, a gym, elevators, and interior corridors. It includes liability coverage for the common areas as well as property insurance. 

Does a condo policy have any exclusions?

The exclusions on a condo policy are similar to those of a home. You are not covered for flooding, earthquakes, sinkholes, landslides, sewer backup, owner neglect, infestations by rodents, termites, other pests, mold, and normal wear and tear. It will also not cover certain breeds of dogs. 

Will I have a loss of use coverage?

Most condo insurance policies will include loss of use coverage, but be sure to read your policy carefully to be sure. If you have the coverage, it will allow you to get a temporary place to stay and may pay for some meals if you don’t have a way to cook. 

Give Us A Call

Contact Southern Risk Associates in Foley, AL to discuss the benefits of condo insurance and why it is something you need. 

Servicing States

  • Alabama
  • Mississippi
  • Georgia
  • Florida

Why Work With Us?

  • Locally owned and operated
  • Works with multiple carriers
  • Combines policies for best rates
  • Customer friendly services
  • Have access to your auto ID cards anytime!


Partner Carriers

  • Alcon insurance services
  • American Modern
  • Amwins
  • Chubb
  • Guard Insurance
  • National General
  • Openly
  • Orchid
  • Orion 180
  • Progressive
  • RPS
  • SafeCo
  • Sagesure
  • State Auto
  • Swyfft
  • Traveler's
  • Universal Property