In a condominium, the condo or homeowners association (HOA) has a policy to cover the building – but it doesn’t cover every eventuality. These policies protect against certain risks, including paying for injuries that occur within the walls of your home. These policies will not pay for the losses you experience should you be the victim of theft, vandalism, or other problem in your private home. Condo insurance is an important type of protection that every person living on the property needs.
Interior Damage to your Condo
Condo owners do not actually own the building, although they own their unit. The policy owned by your HOA can vary in what coverage it provides, and it is well worth knowing early on. Some policies cover the original fixtures of the unit, while others don’t. You need to ensure that the interior of your unit is protected with the right condo insurance policy, and we are here to help. We can review the HOA policy, and customize a condo insurance policy to meet your specific needs.
Theft Protection
You have worked hard to purchase your personal possessions, many of which would be very expensive to replace. The HOA policy will not cover your personal possessions should you be the victim of theft, or other damage to your possessions. Protect against these losses with personal property coverage in a condo insurance policy.
Injuries to Visitors
If someone is injured in your condo, you may be facing serious financial losses if you do not have adequate personal condo insurance.
Fire Damage
If your condo is damaged by fire, it may no longer be habitable. You will be forced to find other accommodations, and your condo insurance can be customized to pay for those expenses should this occur.
When the HOA Insurance Has Exceeded Limits
You can protect against personal financial losses that could occur should the HOA policy exceed its limits for extreme damage from storms or other disasters.
Talk to Us About Condo Insurance
We can help you find a condo insurance policy that is the most appropriate to your situation. We understand HOA insurances, and can effectively guide you in choosing the right insurance company and level of coverage.