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Condominium Insurancemade simpleWhat’s inside: How to read an Allstate Condominium Policy Declarations Understanding condominium insuranceCoveragesDeductiblesCoverage limits Additional protection What to do in case of a loss
Allstate offers a rangeof products to help youprotect your lifestyle.Knowledge is power.We created this guide to help you feel more knowledgeableand confident about condominium insurance.If you’re an Allstate customer, you can readthis guide along with your Condo PolicyDeclarations and the Allstate CondoInsurance Policy. Then, if you have anyquestions, please contact us.We take pride in the service we provide our customers. And withour range of innovative insurance and financial products, we canhelp you protect your lifestyle.Condominium Insurancemade simpleWhat’s inside: How to read an Allstate Condominium Policy Declarations Understanding condominium insuranceIf you’re not an Allstate customer, thisguide can help you better understand condoinsurance. If you have any questions, callyour local Allstate Agent.CoveragesDeductiblesCoverage limits Additional protection What to do in case of a lossAllstate IndemnityCompanyCondominium OwnersPolicyUTAHYou can also download this guide atallstate.com/CondoMadeSimplePolicy: 0 03 001234 09/01Issued to:Effective: September 1, 2010By your Allstate agent:Sample A Sample123 West StreetAnywhere USA 12345-1234bf bar391“21001430902235800001320”Business Insurance Business auto and fleet Property and liability Specialty insurance programs Supplemental insurancefor the workplaceAuto Insurance Your Choice Auto Financial Protection Life insurance IRAs and retirement AnnuitiesFeaturing:Accident Forgiveness, Safe DrivingBonus Check, Deductible Rewards and New Car ReplacementAllstate Porperty and Casualty Insurance CompanyThe Company Named in the Policy DeclarationsA Stock Company—Home Office: Northbrook, Illinois 60062PROP “21001430902235800001320”Home Insurance House Condo Renters Manufactured home Landlords Package PolicyAPC220 Standard autoPower Sports Insurance Motorcycle Boat Snowmobile Motor home ATV There’s more — call us!Other Protection Options Personal Umbrella Policy Scheduled Personal Property Identity Theft Restoration Allstate Motor Club Good Hands RoadsideAssistanceSMHow to reach us 24/7. Call, visit or e-mail your Allstate agency Call 1-800-ALLSTATE (1-800-255-7828) Log on to create an account at allstate.comCall your local Allstate Agent or 1-800-ALLSTATE to find out about productavailability and qualifications in your state.1
Your Declarations PageYour Declarations PageLocation of property.This shows the addressof the insured residence.ompanyCondominium OwnersPolicy DeclarationsYOUR ALLSTATE AGENT IS:Sample A Sample123 West StreetAnywhere USA 12345CONTA(123How to read yourCondo PolicyDeclarations.ICY PERIOD1When you purchase Allstate Condo Insurance, you’ll receive anAllstate Condo Policy Declarations. This document “declares” thechoices you’ve made for your condo insurance policy, including:Policy period.Condo policiestypically cover aone-year period.Pay your premiumby the due date,and your policyautomaticallycontinues for thetime period shown.Allstate Indemnity CompanyCondominium OwnersPolicy DeclarationsSummaryNAMED INSURED(S)Jane A Sample123 West StreetAnywhere USA 12345-1234YOUR ALLSTATE AGENT IS:Sample A Sample123 West StreetAnywhere USA 12345CONTACT YOUR AGENT AT:(123) 456-7890POLICY NUMBER0 03 001234 09/01POLICY PERIODBegins on Sep. 1at 12:01 A.M. standard time,with no fixed date of expirationPREMIUM PERIODSep. 1 to Sep. 1at 12:01 A.M. standard timeLOCATION OF PROPERTY INSURED123 West Street, Anywhere, USA 12345-1234Total Premium for the Premium PeriodTotal premium.This is the totalpremium you willpay for the policyperiod.(Your bill will be mailed separately)Premium for Property Insured 321.20TOTAL 321.20 Coverages Deductibles Coverage limitsYou’ll receive a new Allstate Condo Policy Declarations everyrenewal period.The following page is an example of an Allstate Condo PolicyDeclarations and shows you where to find some of the importantinformation. It’s always a good idea to check your own PolicyDeclarations to make sure all the information is correct.Questions? Want to make changes? Call your local Allstate Agentor 1-800-ALLSTATE.Coverages.This shows all thecoverages you haveas part of yourcondo insurance.For more aboutcoverages, see pages4-15 of this guide.Deductibles.A deductible is theamount you pay outof pocket when youfile a claim for acovered loss*. Yourpolicy’s deductibleswill be shown undereach coverage.For more aboutdeductibles, seepage 11 of this guide.Allstate Indemnity CompanyLimits of liability.This shows themaximum limitAllstate will payfor each coveredloss,* for eachtype of coverage.Policy Number: 0 03 001234 09/01Your Agent: Sample A. Sample (123) 456-7890For Premium Period Beginning: Sep. 1 2010COVERAGE AND APPLICABLE DEDUCTIBLESLIMITS OF LIABILITY(See Policy for Applicable Terms, Conditions and Exclusions)Building Property Protection 250 All Peril Deductible Applies 75,000Personal Property Protection - Reimbursement Provision 250 All Peril Deductible Applies 49,300Additional Living Expense 9,860Civil Authority Protection 100 per dayFamily Liability Protection 100,000each occurrenceGuest Medical Protection 1,000each personLoss Assessments 250 All Peril Deductible Applies 10,000each occurrenceYour premium reflects the following discounts on applicable coverage(s):3%Multiple Policy5%DISCOUNTSProtective DeviceRATING INFORMATIONThe dwelling is of Frame ConstructionThis policy is rated as a primary residence.Discounts.Any discountsyou may havereceived arelisted here.For more aboutlimits, see page 9of this guide.Personalproperty. Thisshows whetheryou’ve chosenActual CashValue or theReimbursementProvision.See page 10 formore information.Sample of an AllstateCondo Policy Declarations*What does “covered loss” mean?It’s an insurance term that means a loss that falls within the bounds of the policy.Throughout the rest of this guide, when we refer to a loss, we assume it is a covered loss.23
OverviewOverviewAn overview ofcondo insurance.Allstate Condo Insurance protects you and your family in manyFamily Liability Protection helps protectyou if someone sues you for damagesafter being injured on your property.situations involving your condo and the things you own. ThisRead more about Family Liability Protection onpage 12.section of the guide summarizes key information about condoinsurance including: Building Property Protection Personal Property Deductibles Other ways you’re protected What may not be covered Optional protection you can buy ClaimsCondo insurance differs from homeownersinsurance because condominium associationsare usually responsible for insuring common areas,like the building’s exterior, while you, as a condoowner, are typically responsible for coveringeverything inside your unit.Personal Property, such asfurniture and other contents, istypically covered. This alsocovers contents in your vehicle.Read more about Personal PropertyProtection on pages 6-9.4Questions? Want to make changes? Call your local Allstate Agent or 1-800-ALLSTATE.5
Building property protectionBuilding property protectionYou and your condoare protected.Condo insurance can help protect your most important assets. Theproperty section of your policy includes a basic type of protection:What else is protected?Review your condo association’s by-laws to find out what theirpolicy covers and what you’re responsible for. To protect yourcondo unit, you may want to consider adding optionalcoverage, such as:Extended Protection Coverage is an optionalBuilding Property Protection covers the portion ofcoverage that may help pay for physical damage that occurs inyour condo unit to property owned in common by the condoassociation. Typically, this will cover the association’s deductible,up to coverage limits. No deductible applies to ExtendedProtection Coverage on the Allstate Condo Policy, and it isnot available in all states.your condo for which you would be responsible. Check yourcondo associations’ by-laws for more details.We cover a range of perils.Your Allstate Condo Insurance typically covers a range of perils.For example, imagine a water pipe in your kitchen bursts anddamages the cabinets. Your association’s master policy isresponsible, but they refuse to file a claim because the repairestimate does not meet the policy’s 5,000 deductible. In thiscase, Extended Protection Coverage would cover the repairs toyour cabinets.Below are a few of the most common ones. Theft Fire and smoke Vandalism Water damage from plumbing,furnace/AC or water heater Freezing of plumbing What if your condo istoo damaged to live in?If you temporarily cannot live in your condo due to damage froma peril we cover, you may have to pay to rent a place until yourcondo is rebuilt or repaired. This could be tough when you’re stillpaying the mortgage on the condo that’s damaged.Additional Living Expense can help by reimbursingLoss Assessment Coverage will pay your share forany loss of any special assessment charged by your condoassociation due to a covered loss to the condo property. Thiswould include losses due to property damage, bodily injury orproperty damage liability up to coverage limits. In most states,Loss Assessment Coverage will not cover your condoassociation’s deductible.For example, if a resident throws a party in the condominium’sclubhouse, and a guest trips on poorly installed flooring, theycould sue the association for medical damages. If the associationissues a special assessment to cover the damages, LossAssessment Coverage could help cover your share of the cost.you for reasonable increases in living expenses when a loss wecover makes your condo uninhabitable. This may include thepayments for cost of hotel, food and other expenses. Thiscoverage is included in your Allstate condo policy.6Questions? Want to make changes? Call your local Allstate Agent or 1-800-ALLSTATE.7
Personal propertyPersonal propertyMost of your belongingsare covered, too.Allstate Condo Insurance includes coverage that can helpyou pay for losses that occur in your condo due to burglary orfire. It can even protect you from loss away from your home,There are limits on thecoverage of some belongings.Some categories of personal property coverage have a maximumdollar limit that Allstate will pay a policyholder in case of damageor loss. Within these categories, there may also be a limit persingle item.such as in a hotel or in your car. Keep in mind that a deductiblewill apply. (See page 11 for more about deductibles.)Example: A condo owner has a 1,000 limit per single jewelry itemand a 1,000 limit for all of the jewelry she owns in total.Personal Property Protection covers the lossof your belongings* if they’re stolen or damaged.Maximum limit for all jewelry: 1,000If your belongings are stolen fromyour residence or destroyed by fire,your condo insurance can help yourepair or replace them.Note: This is just an example. Your actual limit may vary.You can increase your limits.If you have valuable belongings, it may be a good idea to increase yourPARKINprotection. Talk with your Allstate Agent or call 1-800-ALLSTATE.GIf you’ve already added increased protection for your personalproperty, it will be listed on your Policy Declarations under CoverageIf your belongings are stolen ordamaged outside of your residence,your condo insurance can help yourepair or replace them.8*When we refer to “belongings” in this document, we mean personal property asdetailed in your insurance policy.and Applicable Deductibles or under Scheduled Personal Property.Questions? Want to make changes? Call your local Allstate Agent or 1-800-ALLSTATE.9
Personal propertyActual Cash Value vs.Reimbursement Provision.The value of most of your belongings decreases over time. WithDeductiblesA deductible is yourshare of the cost.Allstate Condo Insurance, you are able to choose one of thepersonal property coverages below.When you file a claim for a covered loss, you may beresponsible for a set amount, called a deductible, to repairActual Cash Value typically means your belongings are coveredor replace whatever is damaged or stolen.for their replacement cost minus depreciation. Depreciation is thedecrease in an item’s value due to its age, condition or otherfactors.Example: A candle falls in the bedroomand starts a fire. It will cost 5,000 toreplace the damaged bed and clothes.Reimbursement Provision typically means your belongings arecovered for the amount it would take to replace them at the timeof the claim. Premiums are usually higher for this coverage.Damage5,000 Here’s how the Reimbursement Provision works: First, we give you a check for the Actual Cash Value of the item.Condo owner has 500 deductible for Personal Property Protection.Condo owner pays: When you replace the item, we then issue a separate check forthe remaining amount needed to make the purchase, up to any 500Insurance pays: 4,500applicable limit.More about deductibles.How to review what you’ve chosen.To review which type of coverage you have purchased, look at yourPolicy Declarations under Personal Property. With either coverage,a deductible will apply. (See next page for more about deductibles.)Questions? Want to make changes? Call your local AllstateAgent or 1-800-ALLSTATE.10 Not all coverages will have a deductible. However, a deductiblewill always apply to Personal Property coverage. The amount of any deductible will be shown on your PolicyDeclarations next to the coverage. In most cases, you choose the deductible from a range of options.A higher deductible usually means a lower insurance premium.11
Other ways you’re protectedOther ways you’re protectedYour condo policy can helpyou in case of an accident.Or what if your son is playing at a friend’s house and hits a baseballthrough their window? You may be responsible for those types ofdamages, too. If so, your condo insurance can help.Your Allstate Condo Insurance includes Family Liability and GuestMedical Protection to help protect you in other situations, too.For example, let’s say a guest in your residence trips over the rugIf you or a family member causeinjury to another person or damage totheir property, your condo policy mayhelp pay for the damages.in your living room and it causes him or her to fall. You may befound negligent and, therefore, be legally responsible to pay forthe injured person’s medical bill and lost wages.Family Liability Protection can help protect youfrom financial loss if you’re legally obligated to pay for anotherperson’s injuries or damage to another person’s property.*What if a guest is injured in your condo?If a guest has an accident in your home, your condo policy may help.Guest Medical Protection can help pay forreasonable and necessary medical expenses if someoneis injured in an accident in your condo.If someone injures himself in yourresidence due to your negligence,your condo policy may help pay forhis injuries and any legal costs.12*For even more protection, you may be able to increase this coverage on yourAllstate policy or buy a Personal Umbrella Policy (PUP). See page 15 for moreinformation about PUP.If a guest is injured on your property,Guest Medical Protection may help payfor necessary medical expenses includingsurgery, x-rays and dental work.Questions? Want to make changes? Call your local Allstate Agent or 1-800-ALLSTATE.13
What may not be coveredAdditional protection you can buyCondo insurance doesn’tcover everything.Need more protection?Below are just a few of the optional coverages that you may beable to purchase either as add-ons to an Allstate policy or as aCondo insurance protects an owner from accidental and suddenseparate policy. Coverages may not be available in all states andlosses. However, there are some losses that aren’t covered.limits may vary.Breakdowns in the home.Available asadd-ons to your policyLook under "Coverage" on your Policy Declarations.Most condo insurance does not cover basic maintenance repairs.Extended coverageon jewelry, watchesand fursIncreases limits for jewelry, watches and furs.Scheduled PersonalPropertyProvides increased limits for personal propertysuch as jewelry, cameras, antiques, recreationalequipment and more.Floods, earthquakes and water backup.Identity TheftRestorationIf your identity gets stolen, this coverage canhelp with legal work, phone calls and lost wages.Floods, earthquakes and water (sewer) backups are excluded fromIncreased coverageon business propertyProtects items you’re keeping in your residenceas business samples or for sale.Extended ProtectionCoverageHelps pay for physical damage that occurs inyour condo unit to property owned in commonby the condo association.Loss AssessmentCoverageThis helps pay special assessments from yourcondo association due to a covered loss thatexceeds your condo association’s coveragelimits.For example, if your water heater cracks, your coverage most likelywill not help to replace the water heater. (But it might help pay forthe damage to your floors.) That’s why it’s a good idea to have allyour heating, cooling and plumbing systems regularly serviced.most condo insurance policies. If you want to purchase additionalinsurance to cover these events, talk to your Allstate Agent or call1-800-ALLSTATE. Separate policiesyou can purchaseIf you have chosen to add WaterBackup Coverage to your policy,it could help pay for damage frombacked up drains or sump pumps.Look for these policies in a separate mailing.Flood insuranceYour Allstate Agent can help you purchasea separate policy through the National FloodInsurance Plan (NFIP).Personal UmbrellaPolicy (PUP)If someone sues you over an accident and thesettlement exceeds the liability limits on yourauto and/or condo insurance, this coveragecan help protect your assets.Questions? Want to make changes? Call your local Allstate Agent or 1-800-ALLSTATE.15
ClaimsFrequently asked questionsHow to file a claim.Frequently asked questions.You can file a claim one of three ways:Q: What if I don’t haveall the information tofile a claim? Call 1-800-ALLSTATE (1-800-255-7828) Log on to your account at allstate.com Call your Allstate AgentTo track your claim, call your Allstate claim representative,Q: What else canI do to speed up theclaims process?your Allstate Agent or log on to your account at allstate.com.What happens next?The claim process will vary based on the extent of damage.Here’s the typical process:Q: How can I savemoney on my condoinsurance?Step 1: If needed, we can provide referrals for assistance withtemporary repairs such as boarding up windows.Step 2: We’ll evaluate damages and prepare an estimate.Step 3: Your Allstate claim representative will go over your policywith you to explain which coverages and limits apply.Q: What kinds of thingsare not covered by condoinsurance?Step 4: Where available, you can choose an Allstate-recommendedrepair vendor and have the workmanship guaranteed by the vendor.Or you can choose your own vendor.Step 5: We wrap up your claim by answering any questions youmay have and provide you with payment when appropriate.What to do in case of a catastrophe.A catastrophe such as a tornado or fire can damage manyresidences in an area all at once. When that happens, a dedicatedAllstate team is on site to help make sure your claim is handledas quickly as possible. Call 1-800-54-STORM (1-800-547-8676).16To learn more about claims, go to allstate.com/claims,call your local Allstate Agent or 1-800-ALLSTATE.Q: Doesn’t myassociation’s policycover my condo andbelongings?A: Calling Allstate as soon as possible canhelp speed up the claim process. Even if youdon’t have all the information, you can alwaysprovide us with additional details later.A: Taking an inventory of your belongingsbefore anything happens can be very uselfulin verifying what you have and what it’sworth. To help you, you can download freeinventory software fromknowyourstuff.org/allstate or download thefree Allstate digital locker app for youriPhone or iPad at allstate.com/mobile.A: Raising your deductible is one way tosave money. Consider a deductible of atleast 500. If you can afford to raise it to 1,000, you may save as much as 25%.You may also qualify for a discount if yourcondo is new or if you’ve made it safer byinstalling smoke alarms, fire extinguishersor a security system.A: Most condo insurance policies coveryour contents up to a certain value. Butexpensive possessions like jewelry, fursand silverware may require extendedcoverage to cover their full value. You mightalso consider coverage to cover lockreplacements, satellite dish antennas,computers and fire department charges.Check with your agent to learn more.A: No. Your association’s insurancecovers parts of the building structure but,generally, doesn’t cover your personalbelongings like your furniture, clothes andelectronics. A condo policy will help yourepair or replace your possessions if they’redamaged by a covered peril (like theft, fire,smoke and more).What are your possessions worth?What are yourpossessions worth?Take a few minutes to make a record of your belongings. Or makea record online at knowyourstuff.org/allstate. You’ll likely find thatthey’re not as easily replaceable as you thought.Living Room:QuantityValue䊐 Sofas䊐 Coffee tables/end tables䊐 Entertainment center䊐 Shelves, art/wall décor䊐 Bookcases/books䊐 Miscellaneous itemsBedroom(s):BR1BR2Value䊐 Dressers/end tables䊐 Entertainment center䊐 Shelves, lamps/clocks䊐 Art/wall décor䊐 Miscellaneous itemsKitchen:QuantityValue䊐 Table/chairs䊐 China/silver/glassware䊐 Pots/pans䊐 Food/freezer contents䊐 Art/wall décor䊐 Microwave oven䊐 Electrical appliances䊐 Miscellaneous itemsBathroom(s):Bath1䊐 Bath mats/rugs䊐 Room décor䊐 Bath accessories䊐 Bathroom linens䊐 Medicine cabinet contents䊐 Hair dryers/curling and flat irons䊐 Electric shavers䊐 Miscellaneous itemsBath2Value
Clothing and Personal Effects – Men and Boys:Value䊐 Coats䊐 Suits䊐 Slacks䊐 Shirts䊐 Neckties䊐 Underwear/socks䊐 Shoes䊐 Sport clothes䊐 Jewelry/watches䊐 Miscellaneous items (including bicycle)Clothing and Personal Effects – Women and Girls:Value䊐 Coats/jackets䊐 Jewelry/watches䊐 Purses/suits䊐 Skirts/dresses䊐 Sweaters/blouses䊐 Slacks/jeans䊐 Shoes/slippers䊐 Lingerie䊐 Cosmetics/perfume䊐 Miscellaneous items (including bicycle)Electronic Equipment:QuantityValue䊐 Television set䊐 Home theater䊐 DVD/video equipment䊐 Telephones/cellphones䊐 Computer hardware䊐 Computer software䊐 GPS device䊐 Camera䊐 Miscellaneous itemsPersonal Inventory Totals:Living roomBedroomsKitchen, bathroomsClothing and personal effectsElectronicsMiscellaneous itemsTotal ValueTotals
Are you in Good Hands ?For more than 75 years, Allstate has been there when peopleneed us most.Because we want you to stay with us a lifetime, service is our toppriority. If you’re happy with Allstate, please tell someone you know.If you’re not, please let us know right away so we can address it.We want to deliver on our promise of keeping you in Good Hands . Call, visit or e-mail your Allstate agency Call 1-800-ALLSTATE (1-800-255-7828) Visit allstate.comPlease note that this brochure is only a summary of condo insurance, written to illustratein general terms how condo insurance works. The Allstate Condo Insurance Policy is thelegal contract that contains the terms and limitations of your policy. You should carefullyreview the contents of your policy. All products and coverages are subject to availabilityand limitations.Whether an accident or other loss is covered is subject to the terms andconditions of your Allstate policy.Allstate Your Choice Auto, Accident Forgiveness, Deductible Rewards, Safe Driving Bonus Check, andNew Car Replacement are optional and subject to terms and conditions. NOT AVAILABLE IN EVERY STATE.Patent pending. Deductible Rewards apply to collision coverage. In NY and PA, deductible amount will notgo below 100. Safe Driving Bonus Check is not available in every state and may not be available for renewalcustomers until next policy period. Amounts less than 5 will be applied to renewal bill. Safe Driving Bonusis optional and subject to terms and conditions. Policy issuance is subject to qualifications.Certain property and casualty insurance offered through Allstate Insurance Company, Allstate IndemnityCompany, Allstate Property and Casualty Insurance Company and Allstate Fire and Casualty InsuranceCompany: Northbrook, IL; Allstate County Mutual Insurance Company: Irving, TX; Allstate New JerseyInsurance Company: Bridgewater, NJ. Life insurance and annuities offered through Allstate Life InsuranceCompany and in NY, Allstate Life Insurance Company of New York. Please contact your Allstate Agent, call1-800-ALLSTATE or visit allstate.com for complete information on other products and services. 2011 Allstate Insurance Company. allstate.com 4/11D10449
association due to a covered loss to the condo property. This would include losses due to property damage, bodily injury or property damage liability up to coverage limits. In most states, Loss Assessment Coverage will not cover your condo association's deductible. clubhouse, and a guest trips on poorly installed flooring, they
