If you are buying or already own a condominium unit, having condo insurance probably isn't mandatory. However, if you suffer significant damage to the inside of your unit, you'll be glad that you have it. Your condominium association's master policy covers everything outside of your condo, but without condo insurance, everything on the inside of your unit is left uninsured. That includes your interior walls, fixtures, and personal property. Along with other types of insurance, AnnieMac Insurance can help you obtain the condo insurance you need.
Covered Occurrences
A simple grease fire can cause thousands of dollars of damage to your home and possessions that your condo association's policy is not going to cover. With your own policy of condo insurance, the damage and repairs from that fire would be covered.
With condo insurance, you can be covered for liability purposes if somebody is injured in your condo and files a personal injury claim against you. Your condo insurer will appoint and pay for a defense attorney for you along with your court costs and any settlement or judgment up to your policy limit. Should your condo become uninhabitable because of a covered loss, your condo insurance will even help you with temporary housing and meals.
Vacancy Coverage
If you're going to be away from your condo for more than 30 days, the risk goes up for the insurer. That's because problems that might arise aren't repaired as quickly, and damage can escalate. Along with your policy of condo insurance, you can even purchase vacancy coverage to help cover your bases while you are away.
Don't forget about condo insurance. It's unlikely that your condominium association's insurance is going to cover anything inside of your unit. Contact AnnieMac Insurance about insuring your condo in any of the states we service. If there are special issues like vacancy coverage or insuring high-value personal property, we can custom fit your coverage specifically to your needs.
