Your condo association probably insures the outer structure and common areas. But what about additional protection for things like your unit, or coverage for your TV, computer, furniture and liability? That’s where Condo Insurance comes in.
Typically, getting coverage for the interior of a Condo is not a priority until it’s too late. Did you know that many insurance companies have been covering Condos over 80 years? Along the way, I’ve learned that every Condo owner has different needs and priorities. That’s why it’s important for you as a Condo owner to select the right amount of coverage at the right price. Keep in mind the following tips:
1. Personal Liability – With Condo Insurance, your personal property is protected no matter where you are. Depending on your state and company, you get different levels of personal property coverage whether you’re at home or whether you’re on vacation or simply traveling in your car.
2. Liability Coverage – If someone is injured in your condo, your condo coverage has the option of paying medical expenses. As a condo owner, you should select an appropriate level based on your needs.
3. Living Expenses – if you have to vacate your condo due to a fire or a covered claim, who is going to pay for your additional living expenses? If you and your agent structure your policy correctly, you won’t have to come out of your pocket due to an increase in your cost of living after a fire.
Talking to an independent agent is the best way to ensure that ytou have the coverage that best meets your needs. No matter what life brings your way, your agent and insurance company will always be there to make it right; that is, if you choose to obtain condo insurance. So if you’re a condo owner and you think you need condo insurance, give your local independent agent a call to discuss what level or protection is right for you.
If you’re a Texas condo owner and you do not have an independent agent, contact me Texas Insurance Pro to discuss how you could enjoy exceptional protection and peace of mind with condo insurance from various companies.
