Personal lines
Renters and condo insurance
Two of the cheapest policies in the business, and two of the most misunderstood. In both cases somebody else insures the building, and a lot of people assume that means somebody else insures them.
The master policy insures the building, not your position in it
A condo association's master policy covers the structure, and where it stops varies enormously between associations. Some cover the unit back to the bare studs, leaving you responsible for everything inward: cabinets, flooring, fixtures, whatever the last owner installed. Others cover more. Your unit owner policy has to be written to fit that boundary, which means somebody has to read the association's documents rather than guess. It also carries your liability and your loss of use, neither of which the master policy has ever covered for you.
Renters is the cheapest liability cover most people will ever buy
Tenants tend to weigh it against the value of their furniture and conclude it is not worth it. That is the wrong comparison. The contents cover is the small half. The large half is personal liability, which follows you rather than the apartment, and loss of use, which pays for somewhere to live while the building is repaired after a fire that may have started two doors down and had nothing to do with you. Full Circle also writes landlord policies for the other side of the same arrangement.
Full Circle Insurance, 2559 Brandt School Rd, Suite 101, Wexford, PA. Call (724) 935-8000.
Landlords, the other side of the same building
A property you let out is not covered by a homeowners policy, and carriers are firm about it. A landlord policy insures the building and your liability as its owner, and it can cover the rent you would lose while the place is uninhabitable after a claim. It does not cover your tenant's belongings, which is exactly why a sensible lease asks the tenant to carry renters cover of their own.
Foremost sits in the carrier bench partly for this: landlord and non standard property is a book it actively wants, which is not true of every company.