As a condo owner, you may not be clear as to what is — and what isn’t — covered under your condo association’s insurance policy and your need to also purchase coverage. The condo association’s insurance policy, for example, covers certain things, but it may not include coverage for additions that prior owners have made to the unit since the policy was initially written. If a previous owner added some new wall coverings, changed the flooring or made any other renovation and these were not added to the association’s policy, you may not be covered in the event of a loss.
That’s where Advantage comes in — we can help you get the right coverage and the amount of insurance for permanent additions or alterations so that you’re covered in the event of a loss in the future.
Here are some of the coverages we’ll look at together:
Liability Insurance: Let’s say a friend is injured while in your condo, or a water pipe burst and floods the units next door, you will be covered in the event of a loss.
Personal Property: You’ve accumulated a lot of great stuff, so be sure you’re insured. This coverage will protect the contents of your condo including furniture, clothing, etc. against unexpected loss, like a fire or theft. We can also provide you with a policy that lists your valuables such as jewelry, collections, fine art, etc. separately and provides greater coverage.
Loss Assessment: When the association’s policy is not enough to cover damages to the entire building or should a lawsuit be filed, this will protect you.
Be sure you’re protected. Call us today.
As a condo owner, don’t take a chance with an unexpected loss. Let Advantage’s insurance specialists work for you in getting the coverage you need to protect you and your belongings. Call or email us, or fill out the convenient form on this page for more information. We look forward to hearing from you.