Condo Insurance: What are the Coverage Fundamentals?
Wherever your condo may be in Florida, be it along the Gulf Coast or near Miami, it's important to make sure you have the right coverage. If you live in a condominium, your Condo Association probably provides some level of rudimentary insurance coverage. Typically, condo association coverage is limited to one of the following three types of policy:
- Coverage for the complex’s primary building and common areas
- Coverage for each building and for items within each unit considered to be property of the condominium complex
- Coverage for each building, each individual unit, and for any fixtures or improvements to the unit made by the occupant
This usually and basically means the building's exterior is covered by the Condo's Association, but you are still responsible for the contents inside. This is where Bird Insurance Agency, LLC comes in.
Condo Insurance Protects Your Assets
For most people, buying a condo represents one of the largest investments they’ll ever make. You wouldn’t dream of carrying insufficient coverage on your house, and sufficient condo coverage is just as important. Without it, you stand to lose almost everything in a disaster. Like solid home insurance, a comprehensive condo policy protects your assets, allowing you to more-easily recover and get back to a normal life when disaster strikes.
What Does Condo Insurance Cover
With sufficient condo coverage, you can protect your condominium from fires, wind and hailstorms, lightning strikes, theft, and other events not covered by the condo association coverage. Without the proper insurance policy from Bird Insurance Agency, LLC, can you afford to rebuild the interior of your condo from scratch while paying medical bills for anyone injured? Your policy through Bird Insurance Agency, LLC will help assure you can cover the cost of repairing or replacing items following a covered incident. It could be the financial lifesaver you need.
What Are Condo Insurance Exclusions?
As with home insurance policies, condominium insurance doesn’t cover specific peril types:
- Earthquakes and mudslides
- Natural deterioration and neglect
- Birds, rodents, insects, and domesticated animals
Multi-Policy Condo Insurance Discounts
If you purchase condo insurance through Bird Insurance Agency, LLC, you may be eligible for discounts if you’re an existing Bird Insurance Agency, LLC policyholder. Whether you’re an existing customer with Bird Insurance Agency, LLC or not, ask about multi-policy discounts when you bundle condo insurance with any of our other policies.