Condo Insurance

Condo living can simplify many things in your life. It's great to know that maintenance and yard work is handled by someone else, as well as pesky property taxes. However, a condo owner or renter still has responsibilities concerning their condo. One such responsibility would adequately protect your personal belongings within the condo. This can be accomplished with condo insurance from Save-on Insurance Services, Inc in California. Keep reading to learn more.

Doesn't My HOA Have Insurance?

There is a great misconception that a condo landlord or owner holds the only insurance that is needed. The facts are that a condo owner or landlord will hold property insurance for the condo. However, this type of insurance does not protect your private belongings within the condo.

Your belongings could be lost if the condo is damaged or lost due to fire, natural disaster, or burglary. Repairing these items and replacing them will be your financial responsibility.

This could harm your finances which could be challenging to recover from.

What Does Condo Insurance Cover?

Condo insurance will generally provide the following types of coverage:

• Personal property - This will provide money to repair or replace any personal belongings that are lost in the condo if there is damage. If you are unsure how much coverage you need, you can talk with an insurance representative to discuss how to value your personal belongings.
• Liability- This coverage will protect you from liability if someone is injured while in the condo. If someone is injured, you might be held liable for their medical bills, or you may be held liable for legal fees if there is legal action taken.

If you want to learn more about condo insurance or any other insurance products we provide, don't hesitate to get in touch with us at Save-on Insurance Services, Inc, serving California. We will be happy to answer your questions today.