Congratulations! You are a homeowner. Now is the time to protect your investment with condominium insurance. You also own personal property like clothes, guns, electronics and furniture that needs to be insured.
The condo association’s insurance usually covers the common areas you share with others in your building (walls out), like the roof, basement, elevator, boiler and walkways for the association’s liability and physical damage, but not much more. These policies are intended to protect the association owner for direct damage to their property. Condo associations should also have Directors and Officers Insurance to protect against alleged or actual financial losses from third parties including individual condo owners.
That leaves a lot of items to be covered under a condo owner’s property policy. Condo owner insurance typically covers what the condo association’s insurance doesn’t; personal property, liability, the owner’s portion of the building, and loss of use. Condo owners also can purchase added coverage including water backup, flood, earthquake, umbrella, fine arts, and jewelry insurance.
At Craven Insurance we offer you the flexibility of shopping for and purchasing insurance on-line, over the phone or in person at one of our office locations. Whatever your choice you will be dealing with experienced licensed insurance agents that work for you, not for the insurance companies. And you can mix and match, get a quote on-line and then make a personal appointment with one of our agents to review your options.