Condo Insurance

As a condo owner, you may not realize how close you could be to losing everything in a fire or other disaster. Condo associations’ master policies usually fall short of insuring the losses and liabilities that may occur inside your living space. Rather than finding out the hard way, signing up for condo insurance today is an affordable way to fill these gaps in insurance.

What is Condo Insurance?

Whether you are at home or away, condo insurance can give you peace of mind seldom found anywhere else.

It will protect the value of your personal property if it’s damaged or destroyed. It also offers you liability protection if there is an injury on your premises, or you have caused damage to the property of others.

Most associations now require each owner to have condo insurance. Or, if you’re financing your condominium, your lender may require it as well.

What does it Cover?

Burglary Homeowners Insurance

Theft

Fire Home Insurance

Fire

Smoke is covered under Condo Insurance

Smoke damage

Property Insurance

Lightning

Windstorm or hail coverage for Co Op Insurance

Windstorm of hail

Condo Insurance covers explosions

Explosions

Co Op Insurance covers limited water damage

Limited water damage

Home and Auto Insurance

Vandalism

Co Op Insurance for Personal Liability

Personal liability

Condo Insurance covers Freezing Pipes

Freezing pipes

Damage to the property belonging to other residents

Damage to the property belonging to other residents

In any of these situations, your insurance company may reimburse you for personal items, such as expensive jewelry and fine china, which have been stolen, damaged or ruined

In addition, any alterations or improvements you have made to your living space are also insurable. Or, if you need to stay elsewhere during repairs, you may be reimbursed for your housing expenses.

Sign up for condo insurance today to prevent yourself from sustaining avoidable financial losses.

Get a free quote right now and rest easy.