Learn the basics of condo insurance.
Condo insurance is necessary so you can be covered when it comes to your personal property and other parts of your unit that aren’t directly covered by your condo association’s insurance policy. The association your apartment is a part of might have one of three insurance policies: a policy that insures the building, unit, and any repairs or replacements you make to your unit; a policy that insures your building, and any systems in your unit; a policy that insures only your building. Be sure to check with your association to make sure you know what is covered in their policy. Many condo owners are underinsured because they believe themselves to be covered, when it is not the case.
Acquiring condo insurance gives you peace of mind should anything happen that lies outside of your association’s coverage.
What Does Condo Insurance Cover?
- Freezing (and plumbing issues that arise from aforementioned freezing)
- Base flooring (concrete or plywood)
What Does It Not Cover?
- Bodily or property damage purposely done to building or to the insured
- Business ventures
- Automobile, aircraft, and water vessels
To sit down or get on the phone with an insurance expert who can make sure you understand exactly what you’re getting when you carry condo insurance, contact Lou Aggetta Insurance Services. Our goal is to serve people in Pleasant Hill and the surrounding California area with the right policy to completely protect them from financial burden after a disaster.