Condo insurance is the type of coverage that a condo owner buys to protect the unit and the belongings if they are stolen, damaged, or destroyed by certain perils, including vandalism and fire. If you are currently thinking of getting this coverage, it is important to know its details. An insurance agency Carminucci Agency serving Croton Falls, NY has prepared a brief review of what is covered by standard condo insurance.
What Does Condo Insurance Cover?
- Personal liability coverage. If a guest or visitor is injured while visiting your condo, condo insurance will cover their resulting medical bills or related legal expenses.
- Guest medical coverage. The purpose of the coverage is to pay for your guest’s medical expenses after being injured at your home, even if that was not your fault.
- Personal property coverage. Standard condo insurance also covers personal belongings, such as electronics, clothing, appliances, or furniture. If they are damaged, stolen, or destroyed, condo insurance will either repair or replace them.
- Building property protection. This type of coverage helps pay for repairs to the unit’s interior and walls if the damage was caused by one of the covered perils.
It is also important to remember that each coverage has its limit, meaning that there is the maximum amount a policyholder can reimburse for a covered claim.
Your Reliable Insurance Agency in New York
If you have any questions about condo insurance or think of getting coverage for your unit, our agency is ready to help you find the perfect insurance policy or assist with claims. Our team consists of highly qualified professionals with over 30 years of experience. Feel free to contact Carminucci Agency in Croton Falls, NY, and get all the information you need.