If you live in a condo, there is an insurance policy that you must have as the owner of the home. A condo insurance policy contains a number of different types of coverage that are all helpful. If you don’t have your condo policy yet, give us a call at Janis-Shunta Insurance in Muskegon, MI to find out more.
Dwelling Coverage
Like home insurance, condo insurance covers the dwelling that you are living in. However, unlike home insurance, it doesn’t cover that entire dwelling. It only covers the specific parts of the condo that you own. This generally excludes the outside portion of the condo. It may also exclude the inside portion of the outer walls. For others, it includes the systems inside the walls but does not cover the outside of the walls. If you have improved the outside of the property, you will likely need to ensure that portion as well.
Possessions Coverage
As with home insurance, your possessions are all covered by your condo insurance policy. The coverage will pay for many items that are destroyed in an accident or disaster so that you don’t have to begin again without any belongings. When you have condo insurance, it is a smart idea to take photos or videos of what you own so that you can prove they were thereafter they have been destroyed or ruined.
Liability Coverage
If a third party were to enter your condo and then get injured or become sick, your condo insurance will pay those medical bills that you as the owners are liable for. This is coverage that no property owner should ever be without, as medical bills can be extremely high.
Get Condo Insurance
If you need condo insurance, or you want to switch providers, contact us today at Janis-Shunta Insurance in Muskegon, MI.