When you have a condo, it’s essential that you have condo insurance. It provides several types of protection in the same policy. Each of these coverage types protects you differently. You need all of them to be protected once you buy your condo. Your lender will require you to have this insurance, and your condo board will also need it. When it’s time to get your condo insurance, call us at Americas Insurance Associates in Florida.
Dwelling Coverage
One type of protection you get from this policy is coverage for the parts of your dwelling. With condo insurance, the policy is written specifically for the areas you own so that you aren’t ensuring areas like the outer walls belong to the condo board. If a damaging event happened to your home, the policy could pay for the repairs that you’ll need.
Possessions Coverage
The items inside your condo are also valuable, and they need coverage, too. Condo insurance protects your investment in your belongings by covering them against a wide variety of damaging incidents. If certain disasters happen, for example, and your belongings are destroyed, the policy could help you pay for their replacement.
Liability Coverage
With condo insurance, you’re protected against incidents that could injure others. When someone else gets injured at your condo, you are liable for their medical bills and even more costs, such as lost wages. With condo insurance, you’re protected against liability, so your policy can pay for the accident.
Stay Protected With Condo Insurance
With condo insurance, you’re well protected against a wide range of risks. Call Americas Insurance Associates in Florida to get your policy.
