5038 Cemetery Rd
Hilliard, OH 43026
Condo insurance may not be required by the state of Ohio, and you may think you don’t need condo insurance because you are protected by your condo’s master policy. However, your condo association policy will only protect you from certain things, and you need condo insurance in order to help cover the inside of your unit, your personal belongings, and your liability. An agent at Stanley Insurance Group in Ohio can help you understand your master policy and craft a policy that covers the shortcomings in your master association’s policy. Also, many lenders will still require you to have condo insurance.
Condo insurance will cover the items that are in your condo. Since many associations don’t cover the inside of condos, such as appliances and cabinets, your personal condo policy will cover these in addition to your personal belongings. Your personal belongings can include furniture, clothing, electronics, and certain valuables up to a limit. If someone gets injured while visiting you on a common walkway or near the pool, you wouldn’t be responsible for this, but if someone slips on your stairs and decides to sue, then you would be responsible. Condo insurance will help protect your liability. This is also true for any property damage that is accidentally caused, such as your child throwing a baseball and breaking the neighbor’s window.
In some cases, it can also help reimburse you for temporary living expenses while you aren’t able to live in your condo when it is being repaired from a covered peril. Some things aren’t covered by condo insurance in Ohio though. These include breakdowns in the home. Condo insurance won’t cover basic maintenance repairs. For example, if the water heater breaks, your water heater replacement won’t be included. It will also not cover earthquakes, floods, or water backups.
Contact Stanley Insurance Group, serving Ohio, to get a quote on condo insurance.
Our primary location is in Hilliard, OH and we serve our clients in all the surrounding cities in Ohio.