If you are a condo owner, you are likely required to have condo insurance for it. Virtually all lenders will require this coverage, and most condo boards do. However, even if it weren't needed, it's always essential to have this coverage to protect yourself and your home. Call us today at Allen Empire Agency in Nevada if you need condo coverage.
When you have condo insurance, a critical way that it protects you is by covering the condo. The portion of the building you own is what is covered by this policy. The outer walls, for instance, are not covered by your condo insurance and are instead insured by the condo board. If something happens to your condo, your policy can pay for the repairs needed to get it back into good condition.
Another form of coverage that you get from condo insurance is coverage for all of your items inside your condo. When you add up what you paid for everything in your home, it adds a lot. It's important to protect that investment in your things by having this insurance protection. It covers the cost of your items if something serious happens and they are ruined.
Among the other ways you are protected with this policy is protection against your liability for accidents. When you own a condo, you are generally liable for any accidents inside it. This can mean that you will have to pay an exorbitant amount for the medical bills resulting from the accident. With condo insurance, your policy will cover those costs.
When you have a condo insurance policy, it protects you in several ways. There's no time to wait if you are going without this protection. Call us today at Allen Empire Agency in Nevada.
