Home insurance is a cover that helps protect the condominium unit from losses and repair costs. Housing insurance often protects against theft, vandalism, fire, water damage, etc.
Apartments are a great alternative to renting an apartment or owning a family և they have their own unique insurance needs. But if we can be so brave by interacting with a little, talking green boy for years, we know a couple of things “unique.”
So take a look around our site for a second. You can read about condominium insurance below and then get your home insurance rate to see if we can help you get the coverage you need to protect your home and your property.
Why do I need home insurance?
Home insurance can still be helpful, even if your condominium association has its own coverage. Their insurance can cover the condominium building, the common property և the liability insurance of the association.
Unfortunately, there are many cases where this insurance policy does not cover you or your belongings, such as intrusion, water damage to your living room walls, or someone injuring themselves by slipping on the floor of your damp kitchen. That’s why you need condominium insurance for homeowners or co-op owners.
The condominium policy helps to protect your personal property և the interior of your unit. You will also have liability protection for bodily injury or property damage to others. It is easy to get a quote for a condominium insurance policy that will provide this coverage. Need help estimating the value of your apartment or co-op? Try our easy-to-use personal property calculator.
What does home insurance policy cover?
Condominium Association Articles և State law clearly defines what is covered by the association’s core insurance policy.
In many cases, the coverage of the association ceases after the outer walls, which means that you are responsible for the inner walls և possibly the fixtures as well as your personal property:. This is where your home policy will come in handy. Most policies cover the damage that occurs.
- Fire or lightning?
- Wind storm
- Vandalism or malice
- Accidental water leakage
Looking for more details? Just call one of our sales consultants at (800) 841-2964; they will be happy to give an in-depth explanation.
GEICO Insurance Agency will help you to create a high quality condominium insurance policy at a great price. In addition, you will have the opportunity to use our high quality service agents. They love to talk about condominium insurance (rare breed, for sure!) Եւ they will be happy to help you change your policy or answer any questions you may have.
The above is intended as general information ընդհանուր as general policy descriptions to help you understand the different types of coverage. These descriptions do not apply to any specific insurance contract, do not change any definition, exclusion or any other provision expressly stated in any insurance contract. We encourage you to talk to your insurance agent և read your policy agreement to fully understand your coverage.