Given the fact that the median price for a condo in Colleyville or Aliso Viejo, CA is more than $500,000, it certainly qualifies as one of the major purchases in your life. This makes the question of the importance of condo insurance a no brainer. Condos are different from detached single-family homes when it comes to insurance. With a condo, the condo association provides some of the insurance for your home. It is up to you to know exactly what that coverage amounts to. At Breathe Insurance, we have a team of experts who can discuss your needs with you regarding coverage.
Suppose you have a mortgage on your condo. Your lender will require that you carry enough condo insurance to protect their investment. The condo association policy will cover the exterior of your home, roof, porch, walkways, and the common areas that are shared by all the owners. How far into your unit their coverage goes varies from condo association to condo association. That is why you must know where your coverage needs to begin.
Your personal condo insurance offers you liability protection. This extends to all your family members who live with you, including your furry friends. If someone is injured while visiting you, it protects you against potential legal action. Suppose your dog misbehaves while out on a walk or at the dog park; you are also covered. No doubt you have lots of personal property, furniture, electronics, clothes, home decor, appliances, and more. These are also covered for total loss or damage. If a covered hazard damages your unit, your condo insurance will also help you pay for another place to stay until your unit is habitable.
How important is condo insurance? In a word, very. Call the office of Breathe Insurance. in Aliso Viejo, CA, or stop by to make an appointment for a no-obligation quote.