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.
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.
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.
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.