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.