Get DirectionsWhen your home is a condo, you may just assume that your coverage is just house insurance for a condo, but that is not exactly true. Learning about condo coverage is important and while both are homes, the coverage is different. At Meiners Insurance in Avon Lake, OH we work for our customers and ensure they know all the important facts about the coverage options.
Condo Insurance: What It Entails
To begin with, with a condo, you own the interior of your unit, but the condo association is responsible for the exterior. Your condo association has a master policy that takes care of the exterior and the common areas. Your covenant should let you know where your ownership begins and the association ownership ends.
The property coverage on a condo usually begins inside the exterior walls. It includes fixtures and things that are attached to the walls, electric wiring, and plumbing. The roof, the siding, and the windows are covered under the condo master policy.
Content coverage is similar to what you would have if you owned a house. It will cover your personal items when you are at home and when you are away from home. It has limits on jewelry coverage and also antiques and electronics.
Liability coverage will be applied when someone is inside your unit or if they are hurt by someone from your family away from home. But if they are in the parking lot or any of the areas outside your unit, they are covered by the condo association master liability policy.
Loss of use coverage is similar to that which covers a house. You will have the money to pay for a place to stay and maybe even meals.
Give Us a Call
Contact Meiners Insurance in Avon Lake, OH when you need insurance coverage for your condo.
