Safeco Condo Insurance Ratings
Safeco Condo Insurance Reviews 2023 (Ratings, Cost & Coverage). While your homeowner's association may take care of your roof, siding, and lawn, when you buy a condo you still need to protect your investment.
A condo insurance policy offers coverage in case of fire, weather-based damage, theft, and vandalism. It also helps cover you if you're held legally responsible for an injury that takes place within your home.
Choosing the right policy will make a big difference when something finally goes wrong.
Is Safeco the right insurer for your condo? To help you decide, we've gathered reputation markers from across the Internet, including media mentions and consumer Safeco condo insurance reviews.
Check out Safeco condo insurance reviews, ratings, cost & coverage for Safeco condominium insurance policies.
Following are some of the answers to commonly asked Safeco condo insurance questions:
- How Do I Get A Safeco Condo Insurance Quote?
- What Types Of Condo Insurance Does Safeco Offer?
- How Much Does Safeco Condo Insurance Cost?
- What Type Of Condominium Insurance Discounts Does Safeco Offer?
- What Is The Safeco Package Deal Discount?
- What Does Safeco Condo Insurance Cover?
- Is Safeco A Good Condo Insurance Company?
- Is Safeco A Reliable Condominium Insurance Company?
- Are Safeco's Condo Insurance Reviews & Ratings Good?
How Do I Get A Safeco Condo Insurance Quote?
Call the Safeco insurance phone number at (877) 857-9519 to start your condo quote.
Licensed Safeco insurance agents are available 7 days a week during these hours (Eastern time):
| Times Available | Days |
|---|---|
| 7 a.m. to 10 p.m. | Monday through Friday |
| 7 a.m. to 8 p.m. | Saturday |
| 11 a.m. to 8 p.m. | Sunday |
Or you can start your Safeco condo insurance quote online 24/7:
What Types Of Condo Insurance Does Safeco Offer?
Safeco offers the following condo insurance policy types:
Condo - Sometimes called "walls-in" or "HO-6" insurance, condominium insurance similar homeowners insurance.
The main difference is while homeowners insurance covers the physical structure of your home, your condo association probably already covers your condo's structure, as well as any included facilities - such as the gym, the pool, and the lounge etc...
So an HO-6 insurance policy protects the interior structure of the unit you own, plus your belongings you have inside your condominium. That's why its also called "walls-in" insurance.
| Safeco Condo Insurance Coverage | Coverage Description |
|---|---|
| Damages & Repairs Coverage | Helps pay for repairs to the inside of your condo in the event of a covered loss. |
| Personal Possessions Coverage | Protects belongings like furniture or electronics from damage, theft, or vandalism. |
| Personal Liability Coverage | Helps cover medical and legal fees if a guest gets hurt while visiting your condo, or if you damage someone else's property. |
| Additional Living Expenses | Takes care of covered living expenses if you're forced to vacate your home due to a covered loss. |
| Safeco Optional Condo Coverages | Coverage Description |
|---|---|
| Identity Recovery | Protects you and your family from identity theft, lost wages, and other expenses. |
| Valuable Articles | Covers valuable items, like jewelry, art, and antiques, if they're damaged or stolen. |
| Personal Property Replacement Cost | Pays the actual cost to replace your covered personal belongings. |
| Multiple Losses, One Deductible | Combine your condo and auto policies as a Safeco Package and become eligible for a single loss deductible. |
How Much Does Safeco Condo Insurance Cost?
The average cost of Safeco's condo insurance policies ranges from $24 to over $59 per month, and is mainly based on your zip code, liability limits, value of belongings and claims history.
What Type Of Condo Insurance Discounts Does Safeco Offer?
Safeco offers a few ways to save your condo insurance:
| Safeco Condominium Insurance Discount | Discount Description |
|---|---|
| Get The Package Deal | Save up to 10 percent when you combine your condo and auto policies as the Safeco Package. |
| Multiple Policy Discount | Save even more with a multiple policy discount when you also add coverage for your motorcycle, boat, or RV. |
| Choose a Higher Deductible | A higher deductible will lower how much you pay for your condo insurance premium by shifting part of the loss payment to you. For example, if you have a $500 deductible, you'll need to pay the first $500 of a loss out of your own pocket. A higher deductible will lower your tenant insurance bill, but will also increase how much you'll end up paying yourself if you file a claim. |
| Pay Your Bill In Full | If you pay your bill in full when you start or renew a policy, instead of paying in monthly installments, you'll end up paying less in the long run. |
What Is The Safeco Package Deal Discount?
The Safeco Package deal discount offers the best combination of savings, convenience and coverage available when you combine your condo and auto coverages. According to Safeco's website there are three main reasons to choose the Package:
Big Savings
- Save up to 15 percent. Combine your home and auto policies as a Safeco Package.
- Single loss deductible. If your car, motorcycle, boat or RV insured with Safeco is damaged in the same event as your home, you may only have to pay one deductible. For example, if a tree falls and damages both your garage and your car, we'll waive your auto deductible after your home deductible is paid.
Convenience
- Choose between a six month and an annual auto policy. With annual auto, you can align the renewal period and effective dates of your homeowners and auto policies. Plus, your auto premium is set for 12 months, so you know exactly how much your payments will be.
- Combined billing statements give you a single bill for all your policies, providing more efficiency and convenience.
- By aligning renewal dates, customers receive their policies in the same envelope, providing more simplicity and less paperwork.
Comprehensive Protection, Flexible Options
- Coverage options. Choose from multiple coverage options for both your home and auto policies.
- Coverage enhancements. Strengthen your coverage with optional enhancements like equipment breakdown coverage for your home and Roadside Assistance for your car.
- 24/7 claims. Get fast, fair and hassle-free claims service at any time on any day of the year.
What Does Safeco Condo Insurance Cover?
It basically covers the stuff (and the people) that go inside your condo.
Your condo association probably insures your building and the common areas, but protecting against damage inside your unit or covering the loss of your personal possessions is usually your responsibility. And what happens if you or your guest gets injured?
Condo insurance coverage goes beyond your condo association policy, covering things like your personal belongings and any improvements or remodel work you've completed inside your condo unit.
Whether you need a condo insurance policy with only basic coverage or a full coverage policy with increased protection for bathroom fixtures, plumbing, and wiring, Safeco has options to help cover your condominium.
Is Safeco A Good Condo Insurance Company?
Condo insurance doesn't get talked about or advertised like homeowners or car insurance. But for condo owners it is a very important coverage. Here are some Safeco condo insurance reviews from various websites:
PolicyGenius speaks well of Safeco because of its robust coverage options, its straightforward claims process, and its personal property protection policy, which is one of the strongest in the industry. For condo owners this is especially important because personal property represents the bulk of what you'll have to replace during an emergency.
The Simple Dollar commends them for their single-deductible feature. If you bundle your condo policy with your auto policy you can get a single deductible for both - a boon if a storm manages to cause a leak in your condo on the same day that it sends a tree branch crashing through your car windshield. Bundling your condo and auto insurance also remains an option for people who want to save money on their premiums.
In summary, overall - consumers have had good experiences with Safeco condo insurance.
Is Safeco A Reliable Condo Insurance Company?
Yes. Safeco has the money and reserves to pay it's condo claims. Safeco Insurance is owned by the Liberty Mutual Group, which is very financial stable.
Liberty Mutual Insurance has financial strength ratings of "A" or "Strong" from Standard & Poor's, an "A2" or "Good" from Moody's, and an "A" or "Excellent" rating with A.M. Best. Liberty Mutual is ranked in the top 100 largest U.S. Corporations according to Fortune.
Are Safeco's Insurance Reviews & Ratings Good?
Following are some Safeco condo insurance reviews online:
Better Business Bureau
The Better Business Bureau says Safeco offers: Car Insurance, Motorcycle Insurance, Personal Liability Protection, Homeowners Insurance, Renters Insurance, Condominium Insurance, Flood Insurance, Identity Fraud Expense Coverage & Life Insurance.
Overall the BBB rates Safeco A+. It does reference that Liberty Mutual is the parent company.
ConsumerAffairs.com
"Have not had any problem with them. They respond quickly to any questions I may have. Courteous and friendly whenever I call with a question, and don't cut you short. They listen"
Overall ConsumerAffairs.com rates Safeco 3.5 out of 5 stars.
WalletHub.com
"I switched from State Farm to Safeco about five years ago, after several negative experiences in a row with State Farm between getting married in 2012 and purchasing a new home in 2014. Our Safeco agent is just as responsive as State Farm ever was, the benefits are just as good or better, and we're paying a fraction of the price for home and auto coverage. Great experiences so far."
"I had an excellent experience this morning in resolving an issue with Safeco. One of their representatives, Dustin, handled my request with efficiency and professionalism. Dustin was knowledgeable and eager to help."
WalletHub.com rates Safeco 4.5 out of 5 stars.
It would be disingenuous to avoid mentioning that there are plenty of negative consumer reviews for Safeco. Yet it's important to take these with a grain of salt.
The truth is that most people deal with insurance providers when they are in a state of high stress and when things are already going wrong. There are quite a lot of people who have unrealistic expectations about what insurance should and can do for them. Thus, the insurance industry as a whole tends to get a lot of negative consumer sentiment. It's important to keep that in mind as you read through the various reviews that you'll find if you do your own research on the Internet.
Safeco's Contact Information
Address: 175 Berkeley Street, Boston, Massachusetts 02116
Website: https://www.safeco.com/
Sales Phone #: (877) 857-9519
Safeco Condo Insurance Reviews - The Bottom Line
Safeco condo insurance reviews are overall above average. In addition to looking at Safeco's reputation, it's worth looking at the coverage you'll receive should you choose to make Safeco your condo insurance provider.
For example, this provider offers additional living expenses coverage for up to 24 months if a covered event renders your condo unlivable. The offer valuable items coverage to help you protect silverware, coins, fine art, jewelry, and collectables. Their personal property protection pays for you to get the same item brand new, rather than assessing the value of those items by what you'd get for them if you tried to resell them.
If you like the coverage, consider the premiums. Safeco has competitive rates, especially when compared to larger providers. Yet you don't have to worry that they'll suddenly be unable to meet their obligations. Safeco is backed by Liberty Mutual, one of the largest insurance companies in the country.
Focus on choosing an agent broker you trust, preferably one who can get you signed on with multiple insurance providers. This will ensure you always purchase the best insurance policy for your needs.
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