Best Condo Insurance In Kansas 2024

In Kansas, the best condo insurance comes from Nationwide.

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Written by Bob Phillips
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Welcome to your essential guide to the best condo insurance in Kansas. With 13 years of experience as a licensed insurance agent, I can assure you that you’ve found the right resource. The importance of securing the right condo insurance cannot be overstated—it’s about protecting your investment and ensuring your peace of mind.

Failing to act can lead to serious repercussions. In my 13 years working in insurance, I’ve seen many condo owners suffer significant financial losses due to inadequate coverage. Don’t let this happen to you. Instead, let’s dive into the world of condo insurance in Kansas, explore your options, and ensure you’re fully protected.

Best Condo Insurance Companies In Kansas, 2024

Best Condo Insurance, Kansas 2024

Compare The Best Condo Insurance Companies In Kansas

Best For Overall Rating A.M Best Rating J.D Power Rating Average Monthly Cost Get A Quote
Nationwide

Overall

4.9

A+

819

$886

Instant Quote
Travelers

Discounts

4.6

A

794

$841

Instant Quote
Chubb

High-Value Condos

4.7

A++

809

$1,548

Instant Quote
Amica

Runner-Up

4.8

A+

849

$1,463

Instant Quote
Scroll to see comparisons

Our Methodology

To find the best condo insurance companies in Kansas, I relied on objective data from AM Best for financial strength and J.D. Power for customer satisfaction. I also took into account feedback from consumer sites and my experience as a former licensed property and casualty agent who sold condo insurance in Kansas.

137

Quotes Analyzed

29

Brands Reviewed

15+

Years Of Experience

30+

Research Hours

Best Condo Insurance Companies In Kansas


Best Overall

Overall Rating
4.9

Key Statistics

9/10 Affordability
10/10 Customer Reviews
10/10 Claim Payouts
9/10 Coverage Level

Why We Like Them

When choosing condo insurance in Kansas, Nationwide is a top choice. They provide comprehensive coverage that is specifically designed to meet the needs of condo owners, ensuring effective protection.

Nationwide offers extensive coverage for condo owners, protecting your furniture, clothing, and personal items from covered losses and reimbursing additional living expenses when you can’t live in your home because of a covered loss.

What distinguishes Nationwide is its superior claims service. In times of need, you want an insurer who offers prompt and fair service. Nationwide excels, with a seamless claims process and a dedicated team ready to assist you when needed.

Their focus on meeting customer needs goes beyond standard coverage. Nationwide provides options to cover additions, alterations, fixtures, improvements, and installations, ensuring your investment is fully protected.

Benefits & Drawbacks

Benefits
  • Broad protection
  • Attractive premiums
  • Superior client care
Drawbacks
  • Poor choice for budget homes
  • Possible extra fees
  • Certain discounts are less common

Best For Discounts

Overall Rating
4.6

Key Statistics

9/10 Affordability
8/10 Customer Reviews
8/10 Claim Payouts
9/10 Coverage Level

Why We Like Them

Travelers has become a popular choice for condo insurance in Kansas, especially for individuals looking for significant discounts. They provide numerous ways to save money, ensuring their policies stay cost-effective while offering ample coverage.

Among their most compelling discount choices is the multi-policy offer. By pairing condo insurance with a Travelers auto policy, homeowners can enjoy savings of up to 15%. This approach streamlines insurance handling and provides significant cost reductions.

Furthermore, Travelers provides extra discount opportunities for homeowners equipped with compatible smart or connected home technology. This underscores the company’s dedication to motivating and compensating proactive measures in home maintenance and protection.

Travelers’ comprehensive coverage options and discount incentives make it an excellent option for Kansas condo owners. Additionally, Travelers has been acknowledged for providing more affordable home insurance rates than most competitors, with comparable coverage options.

Benefits & Drawbacks

Benefits
  • Affordable rates
  • Secure financial status
  • Options for package deals
Drawbacks
  • Restricted range of options
  • Potential dog breed bans
  • More complaints from customers than some rivals

Best For High-Value Condos

Overall Rating
4.7

Key Statistics

7/10 Affordability
10/10 Customer Reviews
9/10 Claim Payouts
9/10 Coverage Level

Why We Like Them

For those owning high-value condos in Kansas, Chubb is a top insurance provider. The company is known for its exceptional service and specialized coverage for wealthy clients, offering extensive coverage limits and numerous perks.

The Masterpiece policy is designed for affluent families, offering extended replacement cost options to guarantee full coverage for your valuable property.

Beyond its broad coverage, Chubb is known for unique offerings like cyber protection and identity theft coverage. With a focus on the unique needs of high-net-worth households, Chubb offers premium insurance solutions for affluent Kansas condo owners.

Benefits & Drawbacks

Benefits
  • Excellent customer service
  • Offers additional coverage options
  • Few complaints from customers
Drawbacks
  • Higher-than-average rates
  • Not BBB accredited
  • Might not be ideal for mid-priced condos

Best Runner-Up

Overall Rating
4.8

Key Statistics

8/10 Affordability
9/10 Customer Reviews
9/10 Claim Payouts
10/10 Coverage Level

Why We Like Them

Amica is a top-tier choice for securing comprehensive condo coverage in Kansas. Celebrated for its excellent customer service and broad range of coverage options, Amica ensures a seamless insurance experience. Policyholders can save up to 20% by bundling condo and car insurance.

Amica’s pricing is very competitive, offering significantly lower monthly rates than Allstate. Additionally, the company’s low complaint rate indicates high customer satisfaction. Amica’s Platinum Choice Home Coverage provides robust protection by combining various coverage types for your condo.

Benefits & Drawbacks

Benefits
  • Offers a broad range of coverage options
  • Customers are very satisfied with the service
  • Insurer is financially secure
Drawbacks
  • Premium rates are above the industry average
  • Does not distribute dividends
  • Maintains a strong AM Best rating, despite a 2017 downgrade

How Much Is Condo Insurance In Kansas?

To assist you in making a well-informed choice, here are multiple extensive comparison charts:

Average Cost Of Condo Insurance By City

Here is a snapshot of average annual and monthly condo insurance costs in the ten biggest cities in Kansas:

City Average Annual Rate Average Monthly Rate
Wichita $420 $35
Overland Park $430 $35
Kansas City $450 $37
Olathe $465 $38
Topeka $423 $35
Lawrence $411 $35
Shawnee $487 $42
Manhattan $398 $34
Lenexa $408 $36
Salina $436 $37

These rates are approximations and may differ based on factors like the specific location of your condo, its structural features, and the level of coverage you need.

Average Cost Of Condo Insurance By Building Property Limits

One size does not fit all in condo insurance. The required coverage depends on the value of your property and possessions. To help you make an informed choice, here’s a comparison chart of average monthly condo insurance rates in Kansas according to building property limits:

Building Property Limit Average Annual Rate
$40,000 $754
$60,000 $905
$80,000 $1,112
$100,000 $1,313

These rates are approximate and will vary depending on factors such as your condo’s location, its structural features, and the coverage amount you require.

Average Cost Of Condo Insurance By Company

The table below presents the average annual rates from ten notable national insurance companies providing condo insurance in Kansas:

Insurance Company Average Annual Rate
State Farm $751
Allstate $802
Liberty Mutual $853
USAA $704
Progressive $905
Nationwide $886
Farmers $1007
Travelers $828
Erie $769
American Family $9510

These estimated rates can vary depending on factors like your condo’s location, its structural features, and the coverage amount you need. The lowest rate isn’t always the best value. Consider policies that offer a balance of affordable rates, comprehensive coverage, great customer service, and financial stability.

How To Find The Best Condo Insurance Company For You

Investing the time and effort to find quality condo insurance that meets your needs is essential. Your condo is probably your most valuable asset, so protecting it and your belongings is vital for your family’s long-term financial security.

Here are five simple steps to assist you in finding the best policy:

  1. Look up condo insurers online and narrow down your choices to three companies you feel good about.
  2. Establish the coverage limits you need.
  3. Gather quotes from the three selected insurers.
  4. Choose an insurer by comparing their coverage, customer reviews, financial strength, discounts, and rates.
  5. Complete your coverage application.

The most effective way to find quality condo insurance in Kansas is by comparing multiple quotes side-by-side. Rely on Insuranceopedia to get multiple quotes now.

How To Get An Online Condo Insurance Quote In Kansas

When searching for an online insurance quote inKansas, the optimal solution is to use a website that can offer multiple quotes simultaneously, allowing for seamless side-by-side comparison, like Insuranceopedia.

Getting an online quote involves providing specific information:

  • If your condo incurs damage, the cost associated with rebuilding it using similar materials is referred to as the condo replacement cost.
  • Personal property value: The coverage limits for personal property are determined by the value attributed to your personal possessions.
  • Personal information: You’ll have to give your name, address, insurance background, the number of occupants in your condo, and other specifics.
  • Details about your condo: The date your condo was built, its size in square footage, the type of exterior materials, any security features, and other pertinent details.

What Does Condo Insurance Cover In Kansas?

A Kansas condo insurance policy, commonly called HO6 insurance, primarily insures the condo’s interior. This includes protection for installed fixtures, appliances, personal belongings, and any damage to the unit’s walls, floors, and cabinets.

This policy also protects personal property, ensuring your belongings are covered against theft or damage. Most include loss assessment coverage, beginning at $1,000, with the option to increase it via an endorsement.

How Much Condo Insurance Is Required In Kansas?

Condo owners in Kansas aren’t legally required to have insurance, but it is often a condition set by mortgage lenders and condo associations. Coverage limits typically range from $100,000 to $500,000. Kansas law requires that these policies include a minimum loss assessment to cover damages in communal areas.

How Much Condo Insurance Do I Need In Kansas?

Determining the right amount of condo insurance in Kansas involves evaluating the value of your personal items, the interior parts of your condo, and the HOA’s master insurance policy. Kansas law recommends a minimum of $2,000 in loss assessment coverage for shared area damages in your policy.

How To Save Money On Kansas Condo Insurance

In Kansas, condo owners can reduce insurance expenses by opting for a higher deductible. This will lower your premium but increase out-of-pocket costs for claims. Find a deductible that balances well with your financial circumstances.

To save on insurance for your Kansas condo, consider making it more resistant to catastrophes. Installing storm shutters and improving your security system can help protect your property and potentially lower your premiums.

Factors That Impact The Cost Of Your Condo Insurance Policy

These are four significant factors that influence the price of condo insurance in Kansas:

Location of Your Condo

A key factor in condo insurance costs is the location of the condo. High-risk areas for natural disasters such as hurricanes, floods, or wildfires will see higher premiums. Kansas, being prone to hurricanes, often has elevated insurance rates.

Age and Construction Type of Your Condo

Your condo’s age and construction type play a crucial role in insurance costs. Older condos with outdated wiring, plumbing, or heating systems increase damage risk, leading to higher premiums. Similarly, condos built with less robust materials may attract higher insurance costs.

Replacement Cost of Your Condo

Another key factor in determining your condo insurance cost is the replacement cost, which is what it would cost to rebuild your condo if it were destroyed. Higher replacement costs equate to higher premiums.

Claims History

The history of claims you’ve made can influence your condo insurance cost. If you have filed many claims, insurers may classify you as high-risk and raise your premiums. Conversely, a clean claims record can help lower your insurance rates.

FAQs

How much is condo insurance in Kansas?

In Kansas, the average condo insurance premium is around $475 per year, or $40 per month. However, the rates can fluctuate significantly based on location, coverage level, and the insured’s claims history.

How does condo insurance work?

Condo insurance works as a safety net, covering your personal belongings, the interior of your unit, and liability claims. It also addresses gaps in your condo association’s master policy, protecting you from unexpected financial losses.

Sources

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