What does my condo insurance cover?

Condo insurance isn’t always mandatory. But, for many, it is a necessity. If you rent or own a condo, your landlord likely already has an insurance policy. Yet many tenants incorrectly assume this covers them as well. This misconception can be costly.

Our experienced agents understand that nothing can replace a dedicated condo insurance policy. Serving the greater Stamford, CT community, Allkane Insurance lists four items every condo insurance policy should include.

Condo Insurance: What You Need To Know

Interior safeguards

An owner’s policy is limited. Often, these are restricted to covering the building structure itself. Condo insurance fills that gap by insuring the inside of units as well. Under these plans, flooring, cabinetry, walls, and any other permanent fixtures are shielded against destruction or damage.

Protection of belongings

Condo insurance extends to your belongings too. Furniture, electronics, appliances, and other valuables may be reimbursed or replaced in the event of a loss. This applies to theft, vandalism, and natural disasters, like fire and water. Refer to your policy to see what’s actually covered.

Liability insurance

Liability is the cornerstone of virtually every insurance policy. Condo insurance isn’t any different. If an accident occurs inside your residence, this reimburses for most property, medical, or other injury-related expenses for you, your family, or your guests. Legal fees may be included too.

Loss of use coverage

It’s important to be prepared. If a serious event forces you to temporarily relocate, condo insurance kicks in. "Loss of use" chips in for additional living expenses, like hotels, meals, and additional travel, that you may incur.

Give Us A Call

A personalized condo insurance plan is the only way to ensure proper protection. Allkane Insurance in Stamford, CT can help. Their trusted agents can create a policy that best meets your needs. Schedule an appointment today.