Condo living has much to offer in the way of comfort, relaxation and style. Condo owner’s insurance will protect your new investment so you can enjoy it for many years to come. At SEEC Financial, we help you choose a condo insurance policy that adequately suits your needs. Here are some of the most important reasons you need an individual condo insurance policy.
To Protect Your Structure
Your association’s insurance covers your building, amenities such as pool, gym, spa, etc. and common grounds, not your individual unit. If anything happens to your personal condos, such as fire or storm damage, you’d have to pay for repairs out of pocket. Condo owner’s insurance covers the interior of your unit so you don’t suffer financial loss.
To Protect Your Personal Goods
Condo insurance will protect your personal goods if they are stolen or lost in a covered peril. The amount of protection you get depends on the value of your property. If you’re like most people, you’ve probably accrued quite a bit of stuff over the years, some of which may be quite costly. With replacement cost coverage, your insurance will pay to replace these goods if they’re stolen or totally destroyed in a disaster. This can save you thousands of dollars out of pocket.
To Protect You against Liability Claims
If you plan to have friends or relatives staying at your new condo in Cheshire, CT, make sure you have adequate liability insurance to protect you against accidents that may occur on your property. If a guest has a fall after one too many drinks or gets sick from something he eats, he may sue you for damages. Liability covers medical bills for accidental injuries and protects you against lawsuits for damages.
To learn more about condo insurance coverage and costs, contact SEEC Financial in Cheshire, CT.