If you are the owner of a condo, your condo board almost certainly requires that you have condo insurance. And if it doesn’t, your lender will. And even if neither of them required it, it’s still smart to have condo insurance in place to protect you. If you need this coverage, give us a call at Neff & Associates Insurance Services Inc in Pismo Beach, CA.
Inside Your Dwelling
When you own a condo, you don’t own every single part of it. That is, you don’t own the outdoor portions of your condo. That area is owned by your condo board. The inside, however, is covered by your condo insurance. It protects it against damage that can happen from a wide range of incidents. When something serious happens to your home and damage is caused, your condo insurance will be there to help you pay for the repairs.
When you have a condo, virtually everything you own is inside it. Those items also need coverage, and they are covered by your condo policy. When you have condo insurance and something happens to ruin your belongings, your insurance policy can pay for them so that you can get them repaired or replaced.
Another way that condo insurance protects you is to give you protection against accidents that you may be liable for. For instance, if someone calls and gets injured in your condo, or another incident happens that results in injuries, you would be liable for the accident and responsible for the resulting medical bills. Your condo policy would pay for those medical bills so that you don’t have to pay them from your own pocket.
If you need condo insurance, give us a call at Neff & Associates Insurance Services Inc in Pismo Beach, CA.