There are plenty of good reasons to purchase condo insurance, even if your condo association has its own policy in place. For one thing, a typical condo association’s insurance policy will only cover the building itself and common areas – not your personal belongings or liability. So if there’s a fire in your unit or someone is injured while visiting you, your condo association’s policy won’t provide any protection. That’s where your own condo insurance comes in.
More on Condo Insurance
Another important reason to have condo insurance is that it can help cover the cost of temporary housing if your unit becomes uninhabitable due to a covered event like a fire or severe weather damage. Additionally, most condo insurance policies include loss of use coverage, which can reimburse you for things like restaurant meals and laundry services if you can’t cook or do laundry in your unit.
When it comes to choosing a condo insurance policy, there are a few things to keep in mind. First, make sure to get enough coverage to protect your personal belongings. Secondly, be sure to choose a policy with adequate liability coverage in case someone is injured while on your property. And finally, make sure you understand what perils are covered by your policy so you know what you’re protected against.
Assistance with your Condo Plan
To make sure your condo is fully protected, our team can help you determine which policy options are best suited to your unit. Additionally, we can shop your policy around to multiple carriers, ensuring that you receive the lowest possible rates on your coverage. To find out more about how our team can help you protect your condo, give us a call today.
Secure the BEST