Condo insurance is meant to serve as a form of protection against damage to your condo. It can also protect you from liability if a guest was to get injured while visiting your condo. Because you can never predict the future, it’s important to invest in protection, particularly when it comes to a housing structure of any type. Here at Neff & Associates Insurance Services Inc serving the Pismo Beach, CA area, we’d like to give you a refresher on condo insurance and how it works. Keep reading to learn now.
Condo owners don’t own the building the condo is located in. They only own the condo itself, usually including all of the interior fixtures and appliances. For those who can qualify for an HOA policy on a condo, this is usually the best type of policy to get. However, it’s important to check the policy for two terms: all-in or bare walls.
With an all-in policy, this usually means the policy will cover all interior fixtures. A bare walls policy does not, and this is when condo insurance can be of the utmost value. Not only does a condo policy provide protection against damage to your condo but many also provide coverage if your belongings are stolen out of it. This proves extremely valuable if someone breaks into your condo or is a guest and steals from you.
To learn more about condo insurance and how it works, make sure to reach out to one of our experienced agents here at Neff & Associates Insurance Services Inc serving the Pismo Beach, CA area. We can even assess your specific insurance needs to create a custom policy.