Condo Insurance to Protect Your Home and its Contents
Condo insurance can be a little confusing because condo owners think that their condominium association’s master policy covers more than it does. Your insurance coverage through the master policy only covers the physical structure of the condominium building, including the basement, roof, walls, elevators, and lobbies. The master policy usually includes both physical damage and liability on the grounds of the property. If you own a condo, then you’ll need to get a personal condo policy that will protect all of your belongings in the condominium, this includes your appliances, fixtures, and valuable. Most condo policies also cover your living expenses if you become displaced from your condo due to damage, fire, theft or other disasters.
Many condo owners have questions about their coverage such as:
- What if a fire or flood damages my condo?
- Am I covered if a tree falls on my condo unit?
- Who will cover damage to my yard’s landscaping if I live in a condo complex?
- Is there coverage for stolen items if stolen from my condominium’s yard or garage?
Master policies can vary from one condominium association to another. At Colby Insurance, we will help you decipher the language, terms, and structure of your association’s master policy.
Get in Touch
Learn more about condominium insurance
6 Reasons Why Your Insurance Premiums Go Up
Common reasons why your insurance rates have increased. 1. A rate increase by your insurance company. 2. Multiple small claims 3. One or more large claims 4. A change in your household such as: A new driver in your household A home addition or remodel Addition of a swimming pool or trampoline A new family dog
Condo Insurance – Understanding your Coverage
You’ve taken the plunge and opted for condo life. Now that the papers are signed, it seems like everything is taken care of for you—building maintenance, roof repairs, landscaping, insurance, etc. It’s time to relax because everything is covered, right? Not quite. The insurance policy provided by the condo association covers the building structure and
Dog Ownership and Your Insurance
Insurance and Dog Bites Dogs make great companions, playmates, and protectors; they also continue to be a problem for insurers. Nearly two million people are bitten by dogs each year with around 800,000 persons requiring professional medical treatment for their wounds. Each of these incidents is a potential lawsuit. Have Teeth, Will Bite Nearly 40%
Get the Facts About Insuring Your Valuables
Insuring High-Value Items High-Value Items Insurance provides coverage for expensive, high-value items you own. People who possess high-value items such as expensive jewelry, furs, antiques, or firearms, may need additional coverage. While your Homeowners Policy provides the first level of protection for lost, stolen or damaged property, it has limitations to the amount and type of
Save Money on Your Homeowners Insurance Without Sacrificing Coverage
Your home is your most valuable asset, so you want to be certain your homeowners’ insurance provides you with adequate coverage in an emergency. With so many things that can go wrong with your prized possession, you don’t want to scrimp on your insurance, but you also want to ensure that you get the best
What is Umbrella Coverage?
Personal Umbrella Coverage Let’s say you have a policy for your home and your family’s cars. You have just the right policy for the apartment you rent out to others as well as coverage for your boating excursions. Your homeowner’s policy even has a special, added protection for the business that your spouse runs out
What you need to know about filing a homeowners claim
The homeowners’ insurance claims process often comes along with extra stress and uncertainty. Filing a claim with your insurance company means you’ve suffered an unexpected loss or damage to your home and getting your life back to normal is your number one priority and our priority too. To take away some of the hassle and
