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Bloomsburg, PA 17815

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How does condo insurance differ from home insurance?

A condo, instead of a detached home, is the right choice for many home buyers. It lets you enjoy the benefits of homeownership without a lot of the work involved. While both are homes, there are some significant differences in the insurance between a house and a condo. Our team at The Good Insurance Group LLC in Bloomsburg, PA will be happy to highlight all the differences to customers. 

What’s the same?

Condo and home insurance provide content overage and loss of use coverage. These are virtually identical no matter what type of home you have. You can choose between current value and replacement cost regarding personal property. With loss of use, help will be provided for accommodation if your home or condo is deemed uninhabitable. It may also provide some meals if you are unable to cook. 

What is different?

When it comes to property coverage, there are some major differences between a condo and a house. With a condo, the condo association has a master policy covering the condo unit’s exterior and common spaces. This means you will not replace the roof or deal with the siding. How deeply the coverage goes into your unit depends on the master policy, and you should make yourself aware of how much coverage for property you actually need. 

Liability coverage is also similar to property coverage. The master policy covers the parking lot and a pool if there is one. The master policy covers any common areas that anyone can use. You are responsible inside your unit and for your family members. 

We are an independent insurance agency at The Good Insurance Group LLC in Bloomsburg, PA. We offer more choices, and we will provide personalized service. Call us today. 

What Is a Loss Assessment Rider and Do I Need It As a Condo Owner?

At The Good Insurance Group LLC, we offer loss assessment riders to people who own condos. But even if you own a condo, you may not be sure you need this kind of insurance. After all, your HOA has a master insurance policy, and you might also have insurance on your individual unit.

Common Areas

Our insurance agency, which serves Bloomsburg, PA, wants you to know that such coverage may not be enough. If a significant incident or a natural disaster strikes one of the common areas of your condo building, fixing or restoring the area could be expensive. And out-of-pocket expenses could fall on you as an owner.

Common areas may include the lobby, pool, fitness center, parking area, elevators, and landscaped areas. Add roofs, windows, tennis courts, sidewalks, hiking trails, HVAC systems, and more.

Who Pays to Fix Damages?

A loss assessment rider or policy could save money if your condo building sustains significant damage. That’s because, without a loss assessment rider, your HOA may ask you and the other owners to pay expenses if repairing or restoring is less than your condo association’s deductible.

Likewise, if costs exceed the limit of the HOA’s insurance policy, then all owners may be assessed a fee to make up for the deficit. Living in a condo where there are a lot of owners rather than just a tiny number could mean that you will have to pay less.

So, we at The Good Insurance Group LLC suggest that you consider the size of your HOA when assessing whether you need a loss assessment rider. We have the experience of addressing the insurance needs of residents in and around Bloomsburg, PA. Contact us today.

Expert Tips for Keeping Your Condo Safe When You’re Out of Town

Vacations are a great way to relax and unwind but can expose your home to theft or damage. Condo owners in Bloomsburg, PA need to take extra steps to ensure their belongings are safe while away. Here are three tips from The Good Insurance Group LLC on protecting your condo when you’re not around.

Tip #1: Make it Appear as if Someone is at Home

Making it appear like someone is home while you are on vacation is a great way to protect your condo from potential break-ins. Automated light timers are an effective and affordable way to make your home appear occupied. They can be set to turn lights on and off at specific times, so it looks like someone is home. Additionally, you can also use automated blinds to open and close throughout the day. This makes it look like someone is moving around the house.

Tip #2: Don’t Advertise Your Trip on Social Media

Posting a future trip on social media can be very dangerous as it can alert potential burglars that you are away from home. Criminals often use social media to monitor people’s activities and can quickly determine when a person is away from home. This increases the chances of burglary, as criminals will know exactly when to break in and when no one is around to stop them.

Tip #3: Arrange for Someone to Check on Your Home

Having a trusted friend or family member check on your condo while on vacation is a great way to ensure that everything is in order and safe while you are away. This person can make sure that any mail or packages have been received, check for any signs of a break-in, take care of any maintenance issues that may arise, and even water your plants.

The Good Insurance Group LLC in Bloomsburg, PA is the go-to source for condo insurance. We understand the complexities of condo insurance and are here to help guide you through the process. We look forward to working with you to find a policy that fits your needs and budget.

Does the HOA Fee Include Condo Insurance in Bloomsburg?

As a condo owner in Bloomsburg, PA, you are likely familiar with the monthly HOA fee. But what exactly does that fee cover? Read on to determine whether your HOA fee includes condo insurance.

What is an HOA Fee?

An HOA fee is a monthly charge that all condo owners must pay. This fee goes towards the upkeep of common areas and amenities and the salary of any on-site staff. In some cases, an HOA fee may also include insurance for the building itself. However, this is not always the case—and in most cases, it does not have insurance for individual units.

Do I Need Condo Insurance?

Yes, you should have condo insurance even if your HOA fee includes building insurance. This is because your HOA policy will only cover damage to common areas and the building itself, not your personal belongings or unit. So, if a fire in your building destroyed your unit, your HOA policy would not cover any damage.

Condo insurance from The Good Insurance Group LLC protects you from financial damage caused by fires, theft, vandalism, and weather damage. It also covers you if someone is injured while in your unit. Most importantly, it gives you peace of mind knowing that you and your belongings are protected in an emergency.

If you’re a condo owner in Bloomsburg, PA, it’s essential to know what your monthly HOA fee covers—and doesn’t cover. An HOA fee usually does not include insurance for individual units. That’s why it’s so essential to have condo insurance. Condo insurance protects you from financial damage caused by fires, theft, vandalism, and weather damage. It also covers you if someone is injured while in your unit.

Contact The Good Insurance Group LLC today for more information about condo insurance. We would be happy to answer any of your questions and help you find the right policy for your needs.

What Does Condo Insurance Cover?

Living in Bloomsburg, PA is truly special – if you are a resident of the area, The Good Insurance Group LLC has years of expertise in all types of insurance. Keep reading for information on condo insurance. 

Good condo insurance policies cover a few different things, and they’re all very important to protect you financially in different scenarios. One is personal liability protection, which protects you if someone is injured on your property and it is deemed your fault. 

Another is property protection, which covers the interior of the condo, including the walls, fixtures, and other things of that nature. Property protection does not, however, cover your personal belongings within the condo. This is very important to note. 

Lastly, personal property coverage covers your belongings, including electronics, furniture, appliances, and more. 

Just like any other home insurance policy, condo insurance can be customized with regards to what you own, what you want to be protected, and the value of your luxury items (if you have any you want to be insured). 

We know this can be confusing and overwhelming. The Good Insurance Group LLC is here to help condo dwellers in Bloomsburg, PA to find a policy that fits their lifestyle and needs, without breaking the bank. If this sounds like something you’d like to explore further, visit our website today. 

We have an experienced team of agents who are happy to help you find the best coverage for you. That way, you can get back to enjoying life in Pennsylvania and enjoying your beautiful condo. Don’t hesitate to reach out to us – we’re here to help and would be honored to serve you.

Condo Insurance Options

Living in a condo is a convenient way of living, as you get the convenience of living in your own home while a lot of things are arranged for you. While your condo association should cover you for several types of damages, you should look into what they actually cover and what further condo insurance you need. 

If you want to look into condo insurance, you can call The Good Insurance Group LLC in Bloomsburg PA for your quotes. We work with several providers so that you receive many quotes to choose from, and we can walk you through every one of them. 

What do condo associations usually cover?

While different condo complexes can differ a bit, in general, condo associations generally cover some of the following:

  • The general areas of your condo complex. Everything that is a shared space should be looked after by your condo association.
  • The structure of your condo.

So, for that reason, you should consider getting condo insurance to cover some of the following:

  • Personal liability insurance, in case someone else gets hurt on your property.
  • Insurance for your personal items.
  • In the case of an incident, like flooding or fire, you need to cover the costs of living somewhere else for a while. This is not always automatically covered by your condo association or other types of insurance, and you should discuss with your agent whether this needs to be included.

The above reasons are just some that you should consider getting covered for your condo. If you are ready to discuss insurance for your condo, call The Good Insurance Group LLC in Bloomsburg PA. You can call us or request a quote on our contact form. 

Will Condo Insurance Protect a Guest’s Belongings?

Like home insurance, a typical condo insurance policy for your Bloomsburg, PA home is going to provide some basic coverage for a guest’s belongings up to a certain limit. But… it depends.

Do They Have Their Own Insurance?

If your guests have their own dwelling insurance, then their insurer will probably be the one covering the damages. This is a benefit of home insurance, renters insurance, and condo insurance that many people are not aware of: Your possessions are covered even outside of the home.

That means that if you have something stolen from your car, and it’s on your inventory, then your insurance company is going to cover it.

Are They a Guest or a Tenant?

If someone is renting a room in your condo, then it gets a little more complicated. Typically, their possessions would be covered under a renters insurance policy that they buy themselves.

In this case, it basically breaks down like any tenant/landlord scenario. You’d be responsible for broken windows, damaged water pipes, and so on, which is probably covered under the insurance you hold with your condo association. At the same time, they would be responsible for the possessions found inside the dwelling.

Are You Covered in the First Place?

Finally, it would be best if you made sure that you are actually covered. Remember that the insurance you buy through your condo association only covers the building itself. To cover what’s inside your Bloomsburg, PA condo, you’ll need to get in touch with The Good Insurance Group LLC and see about a condo insurance policy.

The Good Insurance Group LLC can provide you and your guests with protection and peace of mind.

What Will Condo Insurance Cover?

If you are shopping for condo insurance, education is your best protection against paying too much and winding up underinsured. At the Good Insurance Group, LLC, serving Bloomsburg, PA, we are here to help you navigate the world of insurance. Let’s find out how condo insurance works and what it covers.

Personal Liability Coverage

One of the most important things you will want to make sure your condo policy covers is personal liability. This means that if someone is injured while at your condo, you will be covered for the expenses of their medical bills if it is proven that their injuries were your fault. This is an important type of coverage to have so that you do not get stuck paying someone’s medical bills out of pocket.

Property Protection

This is the part of condo insurance that some people find tricky. Building property protection, generally only pays for repairs to the walls and certain things within the interior of the condo. This might include items such as fixtures and even built-in bookcases. What you should remember, is that property protection does not insure your personal belongings.  

Personal Property Coverage

So, if property protection does not cover your belongings, how can you insure these valuable items? You will need to make sure that your condo insurance also carries personal property coverage. This type of coverage protects belongings such as electronics, clothing, jewelry, furniture and basically anything you own which you want to be protected.

 Under personal property protection, you will usually have some freedom to choose which type of coverage will work best for you. Speaking with a knowledgeable insurance representative will help make sure you get exactly the right coverage for your situation.

If you would like to learn more about condo insurance and which type of policy is best for you, please contact our friendly staff at The Good Insurance Group, LLC, serving Bloomsburg, PA.