When you own a condo, there is always a lot to think about. One of those things is getting condo insurance and keeping it for as long as you own the condo. Condo insurance is extremely important for protecting your finances and your way of living. If you need condo insurance for your home, call us at Peninsula Underwriters Insurance Agency in Gainesville, FL today.
Insurance Coverage for Your Florida Condo
Your condo insurance isn’t exactly like home insurance. With home insurance, the whole dwelling is covered by the insurance policy. With condo insurance, the specific areas of the condo that you own are what is covered. This may be everything except the outer part of the outer walls, or it may be the inside part of the outer walls and everything inward. Depending on which you own, your condo has to protect those areas in case of a calamity or disaster that causes damage to them.
Covering Your Possessions
Next to coverage for the condo itself, coverage for your possessions is perhaps the best-known aspect of this insurance. It covers everything that is inside the condo against occurrences like accidents and covered disasters. It’s extremely helpful for saving you money after a serious incident destroys your things. This coverage can pay for new items so that you aren’t left to start over again.
Coverage for Liability
In a condo, you might not think about liability issues, but they do exist. If someone were to come inside your condo and have an accident, you would likely be held liable for the person’s medical bills. With condo insurance, that money would come from the policy instead of from you.
Get Condo Insurance
If you own a condo, make sure you have the right condo insurance. Call us at Peninsula Underwriters Insurance Agency in Gainesville, FL.