Basics of Condo Insurance
Why You Need Condo Insurance
Condo insurance is required to insure your personal property and any parts of your unit that aren't covered by your condo association's insurance policy. Your association could have one of three policies: a policy that insures only the primary building and common areas; a policy that insures your building and any items in your unit other than personal property; a policy that insures the building, your unit, and any fixtures or improvements you make to your unit.
By getting quality condo owners insurance policy, you'll have more peace of mind knowing that you'll be protected if a loss occurs.
Get the condo insurance you deserve and need.
What Condo Insurance Covers**
Condo Insurance Covers: Examples not limited to:
Fire or lightning
Windstorm or hail
Freezing of plumbing system
Liability Lawsuits Can Be Very Expensive
The average judgment in slip-and-fall cases is $100,000
The average cost to defend a liability lawsuit is $50,000
The average cost of a dog-bite claim is nearly $30,000