Tallahassee is a trendy place to call home. As the capital of Florida, condos are in high demand. Insuring a condo is not precisely like insuring a free-standing home. Before you invest in condo insurance, talk to an independent insurance agent that you trust to steer you in the right direction. At Fuqua Insurance Agency in Tallahassee, FL, we care about you, and we will give you the benefit of our years of insurance experience.
With condo insurance, you don’t need to insure the outside of the building. The condo association has a master policy that covers the exterior and common areas. Familiarize yourself with the master policy. It is important to know where the association insurance ends, and yours needs to begin.
Property coverage
While you don’t need to insure the exterior of your condo, you need to cover the walls-in. This means things like the kitchen cabinets, a fireplace, bathrooms, and fixtures. If you have done any upgrades, be sure these are reflected in the price the insurance company will pay you to restore the interior if it is damaged.
Contents
Everyone has a lot more possessions than they realize. You can choose replacement cost or actual value. Replacement cost is more expensive, but it means what it sounds like, you won’t get the depreciated value of your 10-year-old washer. You will get the amount you need to buy a new one.
Liability
If someone is injured while visiting your condo or by a member of your family, liability coverage will protect your assets and help pay any legal fees and a judgment against you.
Loss of use
If your condo is damaged and you can’t live there for a while, this will help pay for a place to stay.
Contact Fuqua Insurance Agency in Tallahassee, FL for all of your insurance needs.
