Owning a luxury condo in Tallahassee, FL, has many perks, including 24-hour security, high-end amenities, and more. However, how do you protect the contents inside your unit? Do you need coverage that goes beyond the ordinary condo insurance policy? The answer is yes, you do. If you are wondering what to do, the professionals at Fuqua Insurance Agency can recommend the appropriate coverage for your situation.
The Differences in Insuring a Luxury Condo
While you may know the difference between insuring a luxury single-family home and a dodo, the two are the same yet different. The most obvious difference is that you don’t have to worry about the exterior structure of the building where your unit is located. The condo HOA, or homeowner’s association, will take care of insurance for your building, its exterior walls, and roof. However, you are still responsible for the interior contents, so you want to ensure you have the best coverage.
Ask for Coverage that Fits Your Needs
For most condo owners, a standard insurance policy will fit your needs. However, if your unit is worth between $750,000 and $1 million or more, you may qualify for high-end renter’s insurance if your condo meets that value. Like renter’s insurance, luxury condo renters should attempt to find a policy with superior coverage limits beyond what you can get with a standard policy. You’ll want to ensure your coverage reaches sufficient replacement costs for losses.
When you need to consider luxury condo insurance for your residence, contact the experts at Fuqua Insurance Agency, serving Tallahassee, FL, and its environs. Our staff will do what it takes to write a condo policy that fits your needs. Call us to schedule an initial consultation to discuss your needs.
