Category: Condo Insurance

Condo insurance, or HO-6 insurance, provides essential coverage for unit owners around Avon Lake, OH. Understanding the various types of water damage covered under condo insurance and what is covered is crucial before filing a claim.

Sudden and Accidental Water Damage

Condo insurance typically covers sudden and accidental water damage, including damage from burst pipes and unintentional overflows from household appliances. If a pipe bursts unexpectedly, causing water to damage your walls, floors, or personal belongings, your condo insurance will likely cover the repair costs and replacement of damaged items.

Damage from Plumbing Issues

Water damage from faulty plumbing, such as a broken pipe or malfunctioning system, is generally covered. For example, if a pipe in your bathroom bursts and floods your unit, your policy would typically cover the damage to your personal property and the interior of your condo. However, maintenance and repairs for the upkeep must remain habitual.

Water Damage from Fire Suppression

If water damage occurs due to extinguishing a fire in your condo, this would be covered by your insurance. For instance, if firefighters need to use water to extinguish a fire, the subsequent water damage to your unit and belongings would be included in your policy’s coverage.

Limitations and Exclusions

It is important to note that condo insurance may not honor every type of water damage. Flood damage from natural disasters like heavy rainfall or storm surges is typically excluded and requires separate flood insurance. Additionally, damage from sewer backups or overflows may not be covered unless you have added specific endorsements.

Meiners Insurance Is There For You

Meiners Insurance is here for you when you need insurance information. Our services are available at the Avon Lake, OH locations and surrounding areas. Call today.

Condo owners in Avon Lake, OH need to understand how condo insurance works. Meiners Insurance is here to provide you with the information you need to make the right decisions about condo insurance. 

The following are four things that you might not realize about condo insurance:

The master policy of your condo association won’t cover you for damage and liability issues within your unit.

The master policy of a condo association typically won’t cover liability damage expenses within individual units. It primarily focuses on common areas and the structural elements of the building. Unit owners are responsible for obtaining their own insurance to cover personal liability and property damage within their individual condos.

Condo insurance can include coverage for loss of use. 

Condo insurance can include loss of use coverage, which helps policyholders when their condo becomes uninhabitable due to a covered event like a fire or natural disaster. A condo insurance policy can assist with additional living expenses like temporary housing, meals, and transportation during the period of displacement. This helps ensure that policyholders can maintain their standard of living despite unforeseen disruptions.

Condo insurance covers personal belongings in your condo unit.

Condo insurance covers personal belongings within the policyholder’s unit, protecting items like furniture, electronics, clothing, and more from perils such as theft, fire, or damage. This coverage ensures that personal property is financially protected against unexpected events within the condo.

Condo insurance is typically required by lenders. 

Condo insurance is typically required by mortgage lenders to protect their financial interest in the property. It ensures that in case of damage or loss to the condo, the lender’s investment is protected, and the borrower can meet their financial obligations.

Consult With Us

Make sure you have adequate condo insurance coverage with our assistance at Meiners Insurance in Avon Lake, OH. Call us now to get a condo insurance policy quote!

When 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. 

Meiners Insurance is here to serve the insurance needs of the Avon Lake, OH community. We understand that having to file an insurance claim may not be at the top of anyone’s list of things they want to do, but we can help make the process as stress-free as possible. That’s just one great benefit of working with a local agent!

What to do after your condo is damaged

A lot of people choose to purchase a condo because of the low-maintenance lifestyle that they offer. If you are living in a condo that has been damaged, you may be wondering what to do next. The first thing you will need to do is address any health and safety issues. If the unit has become uninhabitable, you will need to find suitable living arrangements first.

If you have been robbed or a victim of vandalism, be sure to notify the police. You will need a copy of their report when filing a claim with your insurance agent. Once you are in a safe place and you have notified the authorities if necessary, give your local insurance agent a call. They can provide the next steps and offer advice when it comes to the claims filing process.

Experiencing any type of event that causes damage to your home is never pleasant. But, when you work with a local agent you will have someone on your side throughout the entire claims process. 

We are here to help you throughout the entire claims process!

If you are a condo owner in the greater Avon Lake, OH area, you can rely on Meiners Insurance for all of your insurance needs. If you would like to learn more about our services, call or stop by our office today!

Meiners Insurance serves the Avon Lake, OH community, as well as the surrounding areas. For over 20 years, we have strived to make sure that our clients are protected in any situation. We offer flexible policies that align with our client’s individual needs. We look forward to providing you with excellent customer service.

3 Benefits Of Condo Insurance

There are several beautiful condos in the Avon Lake, OH community. If you are staying at one of these appealing properties, consider adding condo insurance. Before adding condo insurance, be sure to take inventory of your personal items. That way, you will have a point of reference if your belongings are stolen or vandalized. Condo insurance also covers any damage to your personal items because of a fire or natural disaster. Liability coverage is another important part of your policy. If you invite friends over, you are covered if they suffer an injury on your property. You are also covered if you accidentally cause damage to your neighbor’s property. Here is a look at some important benefits of condo insurance.

Additional Living Coverage

Perhaps an emergency occurs at your condo, and you have to vacate the premises while the unit is repaired. If you add alternative living coverage to your policy, you are covered if you need to stay elsewhere for a period of time until the unit is repaired.

Your Belongings Are Covered When You Travel

If you plan to take a vacation, you can have peace of mind that your belongings are covered if something happens while you are traveling.

Luxury Items

If you have luxury items in your condo, you can add extra coverage to protect you if those items are damaged.

Meiners Insurance Will Help You Protect Your Assets

Visit our website to learn more information about condo insurance.

You have purchased a condominium, and you want to protect your new home. The most effective way to do that is by obtaining a condo insurance policy. The insurance agents at Meiners Insurance in Avon Lake, OH understand the importance of a comprehensive policy for your condo, but what does condo insurance cover?

A master policy is required to cover all unit owners and their tenants in Ohio, but condo owners can also obtain their own policy. The condo association’s insurance policy may not offer all of the coverages you will want to protect your home. Also, if you purchased your condo by obtaining a bank loan or mortgage, you may be required to have your own condo insurance policy.

Condo Insurance Coverage

When you obtain condo insurance, it will only cover the property inside of your condo since the condo association actually owns the building and their insurance policy covers it. To obtain property and liability insurance for your condo, you will need to have your own policy.

Liability Condo Insurance

Liability condo insurance will cover any injuries sustained by a visitor to your home or damage to their property while they are visiting you at your condo. For example, if someone trips and falls over an object in your living room, your condo liability insurance will cover any injuries they sustain and possibly even lost wages if they have to be off work for a period of time.

Property Insurance

Property insurance for your condo will cover your personal belongings, appliances, furniture, and other items inside your condo that you own. If there is a fire, vandalism, a natural disaster, more items are stolen if your condo is broken into.

To create the type of condo insurance policy that will benefit you the most, you should enlist the help of an experienced insurance agent. The agents at Meiners Insurance in Avon Lake, OH are ready to assist you. Call for an appointment or quote today!