Keeping your personal belongings safe at your unit.

Condo insurance protects your personal goods within your condominium unit. That means that in the event of a loss, everything from your appliances to your clothes may be covered. You would have to replace your lost or damaged belongings out of pocket if you didn't have it. Your policy may also cover theft, fire, high winds, lightning strikes, and frozen pipes. It should be noted, however, that condo insurance does not typically cover floods.

When living in a condo, be aware of your liability coverage alternatives.

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Condo plans may contain liability coverage in addition to property coverage. For example, if a visitor is harmed in your apartment, it may cover their medical bills. It may also protect you in the event of a lawsuit if you cause damage to another condo's property. Additional living expenses may also be compensated if your condo unit has damage that renders it unlivable.

Who is liable for medical expenses resulting from injuries?

You are liable if a guest gets injured in your apartment. As part of your condo policy, you must include medical expenditures coverage so that your insurance will cover their medical expenses up to a predetermined maximum.

Are extra living expenses covered?

Hotel bills, temporary rentals, and meals may be covered if your condo insurance policy offers supplemental living expenses coverage while your condo unit is being rebuilt or repaired.

The advantages of acquiring condo insurance.

It may appear difficult to determine exactly what coverage you require for your condo property. The most important thing to remember is that condo insurance is often inexpensive when compared to the out-of-pocket expenditures of repairing your personal goods.

Condo insurance is required if you live in a condo unit. Contact us to discuss what your condo association does not cover and how your policy can address the gaps.