Get DirectionsYou 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!
