Condominium Insurance Information
Condo insurance is essential to have coverage against losses and repairs on your condo unit. Even if your association has its own coverage, this policy can still be beneficial to cover additional parts of your space that the association’s policy may not cover. Things such as theft, water damage or injury on your property may not be covered, so a condo insurance policy may come in handy for you. For more information about condo insurance, contact your Geswein Insurance Agency agent to get started.
What Is Condo Insurance?
Condo insurance is a policy that protects you against theft, vandalism, fire damage, water damage and various other types of incidents. It protects your property and provides protection against liability claims (i.e., third-party property damage or bodily injury). Every policy is different, so it’s best to contact your agent to learn more about your specific condo insurance policy.
What Does Condo Insurance Cover?
Condo insurance can cover a variety of items, including:
These items will not always be covered by every incident or disaster. Most policies provide coverage for fire, windstorms, smoke, vandalism, theft and accidental discharge of water. Contact an agent to learn more information to determine what incidents your policy could provide coverage for.
How Much Does Condo Insurance Cost?
The cost of condo insurance can vary from policy to policy. Your location, deductible and coverage you choose can all impact the price of your premium. Condo insurance, on average, is less expensive than homeowners insurance due to paying just for the coverage of the interior of your unit. This can vary, so be sure to check with your association’s coverage and your policy offerings.
Get Condo Insurance Today
Protecting your space, big or small, is vital to keep yourself and other safe physically and financially. At Geswein Insurance Agency, we’re ready to help you with condo insurance coverage and any questions you may have along the way. To get started, contact an agent today.