3 Reasons You Need Condo Insurance

For most people, buying a condo is a dream come true. Protecting that condo is just as important. Condo insurance from Stanley Insurance Group in Hilliard, OH can help you protect your investment so you can enjoy it to the fullest. Here’s why you need condo insurance to protect your property.

Master Insurance  Doesn’t Cover Your Individual Unit

Your condo’s master insurance policy is designed to protect the building and common grounds, not your individual unit. If your unit were to suffer storm or fire damage, you would be responsible for interior repairs. Condo dwelling insurance can protect you against such perils as fire, storms, hail, lightning strikes, theft, and vandalism.

Protects Personal Property

Condo property insurance protects your personal property, ranging from furniture and appliances to clothing, jewelry, artwork, and electronics. If you own costly goods, you may want to consider replacement coverage. It covers the cost of replacing your valuables if they’re destroyed in a disaster or stolen. Replacement coverage may cost you a bit more, but not as much as having to replace your goods on your own without proper coverage. You can’t predict when a catastrophe will strike your home, but you can be prepared by getting adequate insurance coverage.

Liability Protection

Condo living is conducive to having friends over for fun and activities. With liability coverage, you don’t have to worry about accidental injuries that may occur during a festive occasion or sleepover. Liability insurance would cover the cost of medical expenses if a visitor were to have an accident while on your property.  It also protects you against lawsuits should someone want to sue you for damages.

To learn more about condo insurance options and costs, call or visit your Stanley Insurance Group agent in Hilliard, OH today.