Estimates indicate that there are about 1.5 million condos in the Sunshine State. These housing units are available in multiple sizes and price points, making it easy for anyone looking for a great place to live to find the perfect spot. Even so, Florida is vulnerable to severe weather, and it’s important to ensure you understand what your condo’s insurance policy does and doesn’t cover.
Condo Insurance vs. Home Insurance
Condo associations in Tallahassee, FL, typically purchase a master insurance policy that covers the entire exterior of the home. This includes outdoor structures such as a pool, fence, or detached garage. It also includes indoor structures attached to the walls of the house, such as kitchen cabinets, a furnace, and an HVAC unit. The cost of such a policy is usually included in the association fees.
Condo insurance covers the interior of your home and your personal belongings. It may also provide liability coverage if someone has an accident inside the house. However, there are a few limits that you’ll want to be aware of. First, if you upgrade the interior of your home, you’ll need to notify your insurance company so it can update your policy. Second, condo insurance doesn’t offer unlimited compensation for personal belongings, so you’ll need additional coverage if you own expensive heirlooms or antiques.
Contact Fuqua Insurance Agency for More Information
Fuqua Insurance Agency specializes in helping Tallahassee, FL, condo owners sift through condo insurance options to find the policy that’s the best fit for their personal situation. Contact us to learn more about our policies or to get a quote on the policy of your choice.
