If the walls of your condo could talk they’d say, ‘be sure you’re covered for the interior of your unit and personal belongings.’ Yes, the physical structure and common areas are covered by your HOA’s master commercial policy. But everything between the bare walls, floor and ceiling of your unit is your responsibility if there is damage from a fire or other peril. This includes: carpeting, floor tile, bathroom fixtures, cabinets, appliances, countertops and interior walls, The same goes for your personal property (appliances, furniture, electronics, clothing, etc.). And, if someone were injured within your unit, you would be liable.
If your unit comes with a patio, balcony, garage or garden area, those will also likely be your responsibility. If it includes a “limited common” area, such as a balcony or room that you share with only one or a few other units, you will probably want to insure your share of it as well, if possible.
The details of what property you own should be spelled out in the association agreement when you buy the condominium. At Transparity Insurance Services, to get you the right Condo insurance fit, we will review this agreement to see what is and what isn’t covered and your obligations. We will then put together an insurance policy for you. A Condo policy can be designed to cover:
When we founded Transparity Insurance Services, we were looking to do things differently. We wanted clients to have a hassle-free, positive experience when insuring their property and assets. This meant making things simple, easy and efficient with state-of-the-art technology, delivering great customer service with open and transparent communication, and putting into place the right insurance program at competitive pricing. We invite you to experience what that’s all about. Start by giving us a call at (855) 889-2037.