When you’re a condo owner, your condo board will require you to have a condo insurance policy. This is for the good of yourself and the rest of the condo owners. If you didn’t have condo insurance and something happened to your home, you might be unable to pay for the repairs. Condo boards don’t want damaged condos in the complex that will drag down property values. This insurance policy comes with several types of protection for you. Contact us at Peninsula Underwriters Insurance Agency in Gainesville, FL to get started with your policy.
Condo Coverage
One of the types of coverage you get in a condo policy is protection for the actual condo. Because condo owners own a specific part of the building, the policy is written for just the areas that you actually own. This may exclude certain areas, such as your outside walls. The coverage protects you in case of certain covered events. Events like disasters and calamities can be covered so that the policy will pay for the rapers afterward.
Coverage for Possessions
These policies also include coverage for your possessions inside your condo. This coverage can pay to replace the items you lost in a covered event. A damaging incident can cause enormous damage to your things, and paying for the replacements yourself could be very difficult.
Liability Coverage
If someone came into your condo and had an accident there, you would be responsible for the medical bills and other costs. With this coverage, the policy can pay those bills so that everything is taken care of.
Get Condo Insurance
It’s important to have this insurance just in case. Call us at Peninsula Underwriters Insurance Agency in Gainesville, FL, to get your policy.
