Here in Florida condominiums offer an alternative to traditional single-family home ownership.
The advantages to condominium ownership are many
Maintenance of common areas
Access to amenities
Social living environment
Typically, condo complexes are conveniently located near shops and entertainment
A high level of security
Condominium insurance is designed to protect you, the condo owner, from financial loss if someone is injured within your home. It will also protect you from damages and losses due to burglary, fire, or other incidents.
You may have questions about Condo Insurance; Agency 54 and our licensed agents have the experience, knowledge and training to write quality condo coverage; and we have selectively partnered with the best industry carriers.
The best way to determine the right policy for you is to compare several different policies. This includes comparing coverage offering, as well as price
Homeowners Policy vs. Condo Policy?
A traditional homeowners policy provides coverage for damage to the structure of the home as well as the contents within. Typically, the condo association will have a master policy that covers damages to the structure of the building and to the common areas. This policy also provides liability coverage for injuries that occur in common areas or on site facilities such as the gym or swimming pool.
Because condominium association’s cover damage and injuries in common areas, condo owners can obtain insurance coverage that is less costly than typical homeowners insurance.
Why Have a Condo Policy?
Condo insurance covers the personal property and liability risks faced by condo owners; it picks up where the condo association insurance leaves off.
Condominium insurance is designed to protect you from financial loss if someone is injured with in your home. It will also protect you from damages and loss due to burglary, fire or other incidents.
What does condo insurance cover?
When you own a condo you are responsible for covering any and all damages within your unit often including interior walls, flooring and ceiling’s. A condo insurance policy also provides coverage for personal property damage and liability risk.
If a guest is injured while in your condo and you are held liable, your condo insurance can cover some portion of the bodily injury claim, depending on your liability limit. Most policies also provide coverage for court costs and legal fees.
What is NOT Covered by Insurance for Condos?
Condo insurance will not cover damages to personal property caused by flooding; you must have a separate flood insurance policy if rising water damages your home.
Condo insurance will not typically cover damages to your property caused by your car or truck, or damage to your vehicles. In some cases you can add a recreational vehicle to the policy, the coverage offered for these vehicles is often very limited.
One call to Theresa Ursitti and within no time we had proof of insurance for the purchase of my daughters new car. Thanks to Chris Holtrop as well! Great service and team work! You won't be disappointed.
The entire team @ Agency 54 Insurance have provided my family and I with the most comprehensive insurance coverage thru asking a lot of questions so that we could purchase exactly what we desired for our family insurance needs.
Caring PROFESSIONAL AND COURTEOUS GREAT SUPPORT and VALUE ����
Agency 54 Insurance delivers time and again on the very values that shape their culture. Not only are they people of integrity, but they invest much time into learning about your needs and how they can improve your insurance across all spectrums. They are professional, diligent, and extremely competent. I highly recommend them for all of your insurance needs!