Condo insurance provides coverage for your personal property and liability coverage if someone injured while on your premises sues you. Condo insurance also covers your personal property away from your residence, including in your car. Also condo policies provide additional living expenses. If a catastrophic event covered by the policy makes the property, which you are renting, uninhabitable, the insurance will pay some of the costs you incur to live somewhere else while the residence is being restored. Landlord's policy does not provide coverage for the condo property.
Condo policy does not cover losses resulting from flood or earthquake. But it is possible to buy coverage for these perils separately.
Condo insurance is fairly inexpensive. We can provide you with $25.000 property coverage and $500.000 in liability coverage for $120-$180 a year. The premium varies for different ZIP codes..
We can quote and issue YOUR policy within 5 minutes.
Condo coverage has a deductible - the amount you will pay before insurance steps in. The higher the deductible, the less your policy premium will be.
You might consider having the same liability limits on your condo policy as you have on your auto insurance policy. Just because you want to make sure your condo insurance will cover all your assets if you are sued.
If you are renting with a roommate or roommates, it makes sense' to include all your roommates on the policy. Make sure to arrange for your insurance to go into effect on the day that you move into your new place.
If you have a dog, you definitely have a very good reason to call us about getting your condo policy.
Discounts are available to those who get Condo and Auto or Life policies with same insurance carrier.