The following are some basic information about condo insurance to help you make important decisions when securing your condo living.
If you are a tenant or renter, you can only protect your possessions with this insurance. A condo policy covers your appliances, furniture, jewelry, and cash, under your belongings. Your insurer will pay for the cost of the valuables you lost. They will use the replacement cost minus depreciation when doing their computations.
This policy also covers the improvements you make to your condo unit. This also includes the legal liability for circumstances that involve damage or injury to condo visitors. The coverage also offers assistance if the condo gets damaged or become unlivable for you.
Details About Coverage
Besides paying for the costs of personal property replacement, condo insurance also covers personal injury liability, theft of firearms, theft of silverware, business property for both on and off the premises, computers, charges for fire department services, damage to trees or plants, and additional living expenses.
Do You Need Condo Insurance?
You probably know that the answer to this question is yes, but you may not know how important it is to do so. It is unimaginable to think what will happen if you lose your belongings in an earthquake or fire. Where will you and your family stay after these events?
While it is possible to rent another place, it would be heartbreaking to think about the huge amount of money and possessions you lost. In a few minutes or hours, a catastrophic event can wipe out all your things.
But, if you have condo insurance, you can rest assured that your insurer can give you enough financial assistance for the replacement of your damaged belongings.
Make sure that you do your homework about condo insurance, before calling a reliable insurance agent for a quote.
At Brad Spurgeon Insurance Agency Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (409) 945-4746 or Click Here to request a free quote.