One little policy does a lot. A condominium insurance policy reimburses you for damage to your condo, from the walls in, and from a variety of causes. If your condo is totally destroyed or you cannot use it for a period of time, your condo owners policy will also cover loss of use. The insurance extends to your condo's contents and liability for damage to property of others or injury caused to someone by you or a family member. Your policy can be personalized to include greater levels of protection for important property, home office situations, liability for boat ownership, and additions and alterations to your residence.
Condo insurance policies cover your unit, personal property, liability costs and additional living expenses.
It’s important to purchase only the coverage you need - common areas, driveways, etc. are the responsibility of the building’s owner.
Condominium insurance is most always required by the homeowners association. Be sure to read through the condo agreement carefully to find out the mandatory levels of coverage.
Contact the Valeri Agency today to find out which coverage is best for you!