Condo insurance is not mandatory in Florida if you own your condo outright, but if you don’t, your lender or mortgage broker will probably require it. Still, it’s a good idea to get it, because you will have contents and valuables that you want to cover. You also want to protect yourself from liabilities that could happen in your home.
At Fuqua Insurance Agency, we want Tallahassee, FL residents to be protected and covered for every risk that could happen in their homes.
Learn more about what condo insurance does and does not cover here.
What is Covered by Condo Insurance?
Condo insurance will cover what you want it to cover. You can get liability insurance, property insurance, and contents coverage. There are a number of additional coverages that you can get beyond a basic liability and contents package.
Your personal liability coverage will also cover you in the event that there is an accident or injury in your home that you are found to be at fault for. This could be something such as a dog bite, a slip, and fall, or an accident. Both dog bites and slip and falls are billion-dollar problems in the United States as they can cause serious injury. You’ll want a good liability policy.
You might also want guest medical coverage, which can cover the medical costs of a guest if they become injured in your home. This would cover injuries for which you are not at fault. For example, if a guest burned themselves on your stove when they were cooking.
What is Not Covered by Condo Insurance?
Your condo insurance will not cover contents and liabilities in the main sections of your condo building or compound. The main entrances, elevators, hallways, and anywhere where there are common areas would be covered by your condo association insurance policy, or master condo insurance policy.
The master policy may also cover the walls and floors of your home. Find out from your condo association what is covered in the master policy.
Get a Quote
Although condo insurance may seem simple, these are just a few of the things that it will cover. You can get as thorough a policy as you want. At Fuqua Insurance Agency, we want Tallahassee, FL condo owners to have the most thorough policy for their needs. Call us today for a quote.
