If you live in a condo, your Condo Association probably provides some level of rudimentary insurance coverage. Typically, such coverage is limited to one of the following three types of policy:
Morrow Condo Insurance
Coverage Fundamentals
Coverage for the complex’s primary building and common areasCoverage for each building, each individual unit, and for any fixtures or improvements to the unit made by the occupantCoverage for each building and for items within each unit considered to be property of the condominium complex
Liability Coverage
Condo Association coverage also typically features a small level of personal liability coverage. For most occupants, however, this coverage won’t offer sufficient protection against every possible liability.
For example, if a guest suffers an injury or property damage while in your condo, association coverage may not be sufficient to cover the damages—especially if you get sued. Additionally, condo occupants themselves get no coverage at all for injury or property damage.
What Does Condo Insurance Cover?
With sufficient condo coverage, you can protect your condo from fires, wind and hailstorms, lightning strikes, theft, and other events not covered by association coverage.
Protects Your Assets in North Florida
For most people, buying a condo represents one of the largest investments they’ll ever make. You wouldn’t dream of carrying insufficient coverage on your house, and sufficient condo coverage is just as important. Without it, you stand to lose almost everything in a disaster. Like solid home insurance, a comprehensive condo policy protects your assets, allowing you to more-easily recover and get back to a normal life when disaster strikes.
Know Your North Florida Condo Association Coverages
At Morrow Insurance, we know that accidents happen, and we won’t turn you away if your record is less-than-spotless. In fact, we work just as hard to find coverages for higher-risk, non-standard drivers as we do for standard-risk clients. This group of drivers includes:
What Are Condo Insurance Exclusions?
As with home insurance policies, condo insurance doesn’t cover specific peril types:
Earthquakes and mudslidesSettlingFloodsNatural deterioration and neglectBirds, rodents, insects, and domesticated animals
For a FREE Quote on Auto Insurance, Contact Morrow Insurance Group
At Morrow Insurance Group, we are built on relationships in coverage. If you’re ready to start a new friendship with an auto insurance agency that cares, call Morrow Insurance Group today at (904) 261-0707. Or for a free online auto insurance quote, just fill out the form. We can’t wait to work with you!