Condominium insurance is similar to homeowners insurance, but there are a few extra features to protect the unique features of your condo.
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Your condo association has its own insurance policies to cover the things they're responsible for. This includes common areas, the physical structure of the building, and their property. However, it's likely your property isn't covered by one of these policies.
Condo insurance can help cover your personal belongings, your interior, personal injuries at your residence, and more.
From damage to your personal belongings to building fires, condo insurance can help protect your financial security.
Similar to homeowners insurance, liability coverage for your condo protects you in case someone else is injured on your property.
Replacement cost coverage will help pay for your personal belongings in the event they are damaged. Some examples could be interior furnishings, appliances, and clothing.
If for some reason you are forced to live somewhere else while your condo is being repaired, your insurance policy may help to pay for the costs of living somewhere else.
A Brief Guide To Condo Insurance
When you bundle your condo and auto policies, or your condo with an eligible life insurance policy, you could save up to 25%, with an average savings of 20%, on your insurance. Plus, you get the added convenience of having your policies under the same roof.
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