Owning property is a big dream for many of us. Buying a condo is a real financial commitment and we don’t want you to mistake Condo Association Insurance for Condo Owner’s insurance.
Condo Association Insurance and Condo Owners Insurance: Know the difference.
Condo Association Insurance: What do your association fees cover? Condo Association Insurance may include damages to the building around your condo, common areas and the like. But if it comes down to theft, interior water damage or injury related claims, you’re probably on your own without Condo Owners Insurance. Condo Owners Insurance: The parts of your condo not covered by Condo Association
Having Condo Owners Insurance protects you and certain types of property and belongings against a variety of possible hazards.
Typical coverages offered in a Condo Owners policy:
• Additional Personal Contents Coverages – Valuables (Jewelry, Fine Art)
• Condo Interior Fixtures and Improvements (Gourmet Kitchen, Flooring and Plumbing)
• Liability Coverage
• Loss Assessment
Types of hazards a Condo Owner policy covers:
• Fire or Lightning
• Vandalism or Malicious Mischief
At BUI, we seek out the policy that best matches your price and protection needs. We have access to multiple high quality insurance companies, which makes it easy to compare Condo Owners insurance quotes. We can save you time and money — all while teaching you everything you need to know about your coverage.