Nikki Farag Agency
Call Anytime 310-390-4500
Nikki Farag Agency
Call Anytime 310-390-4500
Condo insurance is similar to homeowners insurance but designed specifically for condominium, co-op, and townhome residents. While your HOA or co-op typically covers the building’s exterior, roof, and shared spaces, your personal condo policy helps protect everything inside — from walls, floors, and cabinets to your furniture, electronics, and clothing. It can also provide coverage if someone is accidentally injured inside your unit.
Condominiums offer a unique living experience in the vibrant heart of Los Angeles, but they also come with inherent risks. As a Farmers Insurance Agency, we understand these risks and are committed to providing you with the best coverage options. Condo insurance isn’t just about protecting your personal belongings; it’s about securing your peace of mind.
A Farmers condo insurance policy can help cover the cost of repairs or losses if, for example, a fire damages your unit and personal belongings — or if someone is injured in your condo and you’re found responsible.
Example: A burglar breaks in and steals your TV, video game box and golf clubs.
How it works: Personal property coverage can help you replace your stolen property, even if the theft happens away from home.
Example: A kitchen fire burns your cabinets, and water used to douse the flames damages the floor.
How it works: Your unit owner’s building coverage can help with the cost of replacing your cabinets and repairing the floor.
Example: A dinner guest slips, hits their head and ends up in the emergency room.
How it works: Liability coverage can help with medical bills and legal costs if the accident is your fault and you’re sued.
Example: Your kid accidentally throws a baseball through your neighbor’s window.
How it works: Liability coverage can help with the cost of replacing the window.
Example: A leak in the condo upstairs leaves your condo uninhabitable.
How it works: Additional living expenses coverage can help you pay for a temporary living space, plus extra food and transportation expenses.
Example: Wind tears the roof off your condo complex. Your HOA assesses each unit owner $5,000 to cover the unexpected cost.
How it works: Your loss assessment coverage can help pay your share of the assessment.
A Farmers Insurance condo policy typically includes:
Owning a condo comes with unique responsibilities—and unique insurance needs. While your HOA may cover the building’s exterior, it’s up to you to protect what’s inside your unit, including your personal belongings and interior improvements. I’m here to help you understand what your HOA covers, what it doesn’t, and how to choose the right condo insurance for your lifestyle. Let’s make sure you’re fully protected and confident in your coverage.
Nikki Farag
Farmers Insurance Agency Owner
License 4247364
At Nikki Farag Insurance Agency, our clients are at the heart of everything we do. From personalized guidance to reliable coverage, we’re proud to earn the trust of families and business owners across Greater Los Angeles. Here’s what some of our customers have shared about their experience working with us.
Reviews
Nikki and her team are absolutely fantastic. I’ve been with them for both my auto and home insurance for years, and they’ve always been incredibly responsive and helpful. Whether I need an extra copy of an insurance card, or just have a quick question, they’re always patient and easy to reach. I can’t recommend Nikki enough!
Reviews
I was referred to Nikki by a coworker who’s one of her clients, and I’m so glad I made the switch. I moved all of my policies over from State Farm because I really value the personalized service Nikki and her team provide. It’s refreshing to work with someone who takes the time to explain everything and is genuinely invested in helping you. I also love that she’s local—there’s a real sense of connection and trust.
Reviews
Nikki has been our insurance agent for just about a year now and we love the personal service we get with her. We have our home, autos and our landlord policies all with her through Farmers and I would highly recommend her to anyone who is looking for insurance!
Reviews
Amazing service! Got my five work trucks covered and got me a policy for my home insurance. Thank you Nikki you are a pleasure to work with 10/10 would recommend to anyone!!!
Condo insurance isn’t required by state law, but most mortgage lenders require it as part of your loan agreement. Additionally, even if your homeowners association (HOA) has a master insurance policy, it likely only covers the building’s exterior and common areas — not your personal property or interior fixtures. Having your own HO-6 policy helps fill the gaps in protection and keeps you financially secure.
Townhomes and townhouses typically are covered with a condo insurance policy if they are part of a condo association or HOA. A townhome that isn’t a part of an HOA can be covered by a homeowners or renters insurance policy.
Your HOA’s master policy typically covers the building’s structure, shared amenities, and common areas (like hallways, lobbies, and pools). However, it does not cover the inside of your unit or your personal belongings. Your personal condo policy covers the “walls-in” — including improvements like built-in cabinets, flooring, appliances, and contents inside your home. It also includes personal liability coverage and, optionally, loss of use if your unit becomes uninhabitable due to a covered loss.
A Farmers condo insurance policy, also known as an HO-6 policy, typically helps protect the interior of your unit and personal belongings. It can cover damage from events like fire, theft, vandalism, or certain water-related incidents. Coverage typically includes walls, ceilings, floors, cabinetry, furniture, electronics, clothing, and more. It also provides liability protection in case someone is injured inside your condo and you’re found legally responsible.
No — a standard condo insurance (HO-6) policy does not cover damage caused by earthquakes. In California, earthquake coverage must be purchased as a separate policy. At Nikki Farag Insurance Agency, we can help you add earthquake protection through the California Earthquake Authority (CEA), so your condo and personal belongings are covered in the event of seismic activity.
If you rent out your condo, you’ll likely need a landlord insurance policy rather than a standard condo policy. This type of coverage protects the unit and may offer liability protection in case a tenant is injured. If you occasionally rent it out (like short-term via Airbnb), additional coverage may be required. Farmers offers policies tailored to rental and investment properties — we’ll help you choose the right one based on how your condo is used.
Yes! Farmers Insurance offers multi-policy discounts when you bundle condo insurance with other products like:
Auto insurance
Umbrella insurance
Earthquake or flood policies
Life insurance
Bundling not only helps simplify your coverage, it can also save you money and streamline the claims process. We’ll review your current policies and look for ways to help you maximize value.