While most condo associations have their own insurance policies in place, condo owners should also secure their own insurance policy to ensure they have the protection they need to protect the huge investment they made in their beautiful condominium. The agents at the Commonwealth Insurance Center in Williamsburg, VA want you and your condo to be protected with adequate condo insurance.
A condo association’s insurance policy will more than likely only cover the building in which your condo is located and common areas throughout the property. These common areas can include patios, recreation centers, workout facilities, swimming pool areas, and more. What the association’s condo insurance will not cover is the inside of your condo. This includes your personal belongings, appliances, furniture, and even the light fixtures and the inside walls of your condo.
What Does Condo Insurance Cover?
Your condo insurance policy can cover all of the things mentioned above. This means if you have a fire at your condo or are a victim of vandalism or theft, your condo insurance can help you replace any lost or damaged items.
Your condo insurance policy can also provide you with a certain amount of liability protection. If someone slips and falls inside your condo and is injured, your insurance will help pay for their medical bills.
These are very important coverage options to have in place and can also include flooding of your condo and other things that could happen to damage the interior portion of your beautiful condominium.
To create the best condo insurance policy for your situation, you need to enlist the assistance of an insurance agent with experience in condo insurance policies. The condo insurance agents at Commonwealth Insurance Center in Williamsburg, VA are ready to assist you. Call today for an appointment!