Condo insurance helps protect you from losses and repair costs associated with a condominium unit. In a typical policy, you’ll often find coverage for theft, vandalism, fire damage, water damage, and more.
Condos are options for those who aren’t interested in owning a home or renting an apartment, and condominium dwellers have their own unique needs when it comes to insurance.
At Lott & Gaylor Insurance, we are experts in all things related to condo insurance. If you’ve recently moved into a condominium or are looking to switch providers, get in touch with us and we’ll help you find the best coverage available.
Why Condo Insurance?
Even if your condominium association has its own coverage, you can still benefit from having your own condo insurance policy. An association’s policy will oftentimes cover the condominium building, common property, and liability insurance – but, unfortunately, there are many instances in which this type of policy won’t cover you.
For example, general condominium association insurance won’t protect you in the event of a break-in, or for water damage to the interior of your personal condo. It also won’t cover someone injuring themselves within your condo.
That’s why you need your own condo insurance, because such policies protect your personal property and the interior of your unit.
What a Condo Insurance Policy Covers
Your specific condominium association and Florida law will determine what’s covered under the condominium association’s general insurance policy. In most cases, an association’s insurance policy covers the exterior walls of the building, which makes you responsible for the interior walls and fixtures of your specific unit. You are also responsible for your personal property and liability.
In order to get help in managing that responsibility, invest in a personal condo insurance policy. Such a policy covers losses from damage due to:
- Vandalism/malicious mischief
- Accidental discharge of water
Condo Insurance at Lott & Gaylor
Our expert agents at Lott & Gaylor insurance are happy to help you set up a condo insurance policy that fits your situation perfectly. If you’d like to change your policy or invest in a new one, we are the team to contact. We’d love to talk about your options when it comes to condo insurance in order to find you the best rate possible.
We care about protecting our condo-dwelling clients in Florida. To learn more about condo insurance or get a quote, get in touch with Lott & Gaylor today.