Our Agency works hard to provide educated perspective to the condo owner’s insurance options. From the information provided, we listen and let the condo owner define the level of coverage that meets their cash flow and budgeted needs.
Condo coverage is NOT as easy as providing coverage for your personal belongings. The policy also comes with “building protection” and “liability coverage”. These coverages provide protection when the serious losses occur.
Do you believe that a condo policy is not needed? Consider this. The water line on your refrigerator breaks. It floods your unit and the units below. The neighbors experience thousands of dollars of damage due to your old, non-maintained, ice maker water line bursting. The neighbors have their repairs done and their insurance companies pay for the repair. The problem. You are defined as negligent and each neighbor’s insurance company sues YOU for negligence.
The Condo policy positions you with protection when your action or lack of action negligently causes damage to others.
