Condo Insurance
Owning a home or condo is a dream of many people. However, it is crucial to protect your home from the damage that can result from certain natural disasters, theft, and even water backup. Owning a condo means you have different needs than a homeowner. You share ownership in the common areas in addition to owning your individual condo. We can help you obtain the coverage you need here at CT Insurance Advisors in Connecticut.
Condo Insurance Requirements
While condo insurance is not required in Connecticut, your lender may require you to obtain it. Regardless, it is still highly recommended.
What Does Condo Insurance Cover?
Condo insurance covers all of the following:
- Dwelling- This keeps the structure of your condo itself protected in addition to any upgrades you make, including custom hardwood flooring and built-in appliances.
- Personal property- This covers your personal items such as furniture, appliances, clothing, and electronics if they were to become damaged by something such as a tornado, fire, windstorm, or vandalism.
- Loss of use- This covers any additional living costs such as gas money or hotel stays if you are unable to remain in your home due to a temporary loss.
- Loss assessment- This can help you pay for the remaining costs after a shared space or the exterior of your condo building becomes damaged.
- Personal liability- This can cover your legal or medical expenses if someone injures themselves on your property or if you cause damage to another person’s property.
- Medical payments- This will cover minor medical costs, including ambulance rides if someone gets injured while on your property.
Quotes
Please contact CT Insurance Advisors today to obtain a quote for condo insurance. You can give us a call or visit our office. We serve all residents in the state of Connecticut.
