Condo Insurance For A Wide Range Coverage Of Your Personal Properties
Condo Insurance is an insurance that covers the repair cost of your interior, for improvements and betterment of your condo unit if the damage is due to certain named-perils. Furthermore, it can also cover your personal belongings if it obtains damages due to certain perils or for example theft. Along with, additional living expenses if your house is unable to reside on. There is no limit on the additional living expenses until the condo unit is done with all the repairs. Contact us for detailed information.
Dwelling Coverage – Condo insurance can cover the cost for betterments and improvements of the interior design of your unit only.
Personal Property Coverage – Condo insurance can cover your personal belongings if the damage is due to acceptable perils only. Such as damages due to fire, explosion, vandalism and etc. The insurance company can reimburse the insurance holder, on either actual cash value basis or replacement cost value basis.
Liability Coverage – This insurance also covers your legal liability due to damage to other’s property or injury to others. For instance, your visitor obtains an injury inside your premises. The insurance company will pay for the cost of the treatment of the bodily injury. Furthermore, this also gives legal assistance if the person who got an injury files a case against you.
Medical Expenses – Covers the cost of the treatment for the injury of the person regardless of who is at fault. And this can also prevent the person from filing a lawsuit against the insurance owner.
Loss of Use – Loss of use- the insurance company will provide for your basic living expenses if your condo unit is unfit to live-in. And under repair, associates with damages due to certain perils. The insurance company will provide for your hotel accommodation, toiletries, clothes, and food only.
Take Note: It keeps your condo secured from any natural disasters and you can have many services under this insurance. There are some different services between condo and home that you can read in the blog read more. The other way to get information is by calling our agents or check more information on the products page.
Benefits of having Condo insurance
Security for possible losses in the future
- Security for possible losses in the future
- Having possible financial stability if unfortunate things that we didn’t expect, happens.
- Reimbursement for Medical treatment cost, to your visitor’s injury that is not work-related, and does not due to broken structures inside your unit.
- Secures your important personal things
- Living assistance in case your unit is unable to be lived in