Condo Insurance
When you move to your new, lovely Florida condo, your condo owner's association (COA) provides you with a copy of its rules and regulations. In addition to your annual condo dues, they require you to carry condo insurance. Let Easy Coverage USA help you fulfill your COA's requirements.
What Condo Insurance Does
The term condo insurance refers to a type of home insurance that protects your apartment-like domicile. It covers your condo's structure with "from the walls in" protection. That phrase means that anything inside the front door of your condo gains property and structural damage protection. The same policy protects your liability.
Your condo association owns a policy that protects the complex's public areas. Its policy protects the hallways outside your condo, the swimming pool, the community center, etc. Your condo policy protects your home and its patio or balcony, but not the area beyond it.
When Does the Property Damage Activate?
Anything that causes damage to your condo except the damage you cause gets covered in most cases. If you kick in your own bedroom door, that's not covered. If a hurricane damages your condo by shattering the patio doors and water enters your condo, damaging your furniture and carpets, that does receive coverage. In the latter situation, you would file a claim.
What Does Liability Coverage Cover?
Anytime a person or group visits your condo, you incur potential liability. If one of them becomes injured while visiting your condo, as long as it occurs on your patio, balcony, or inside your condo's walls, you incur the liability and must pay for their medical costs. Typically, you would help them file a claim by providing your insurance agent's name and the agency's phone number or making the call to ensure the claim starts quickly. Your condo insurance covers any settlement if the injured person takes you to court.
Contact Us Today
Contact Easy Coverage USA serves Florida residents with the condo insurance they need to protect their homes. Let us help you find the condo policy that best protects your condominium home.