Florida Condo Insurance
If you own and live, at least part of
the year in a condo in the Orlando area of Florida, you will find
that though there is some coverage provided through your condo
association, you really need to seek further coverage on your own
for the things that are not covered. There are three common ways in
which your association may cover you. They may:
-
Cover the walls, floors, roof and
elevators and leave you to cover the rest.
-
Cover the building and the items in
your unit except for personal property.
-
Cover the basic building and the
fixtures inside that you own.
This can get confusing but a
knowledgeable and experienced agent can assist you in figuring out
exactly how much coverage you really need considering, no doubt, how
valuable this property is to you. Conditions in the bylaws and
regulations of your association may vary widely so it’s important to
be aware of the gaps in coverage to you as an individual. Wouldn’t
it be nice to have help in sorting out the additional coverage you
will need for your condo?
You need coverage against loss or damage to your personal property
that will compensate you at replacement values and not at the
depreciated value. Your personal condo insurance will protect your
valuables against loss or damage from specified causes such as
theft, riot or civil commotion, aircraft or vehicle damage,
explosion, accidental water damage, vandalism and falling objects
among others.
Our agents are willing and able to help you take the correct
inventory of your property and make the kind of documentation that
will make it much easier on you if you have to make a claim. Even
deciding on the most advantageous deductible and the specific
coverage that you should choose for your area will be facilitated by
conferring with our agents.
There are other considerations as well. For example if you operate a
business out of your condo home you will need special insurance. How
will your condo insurance be affected if you only live there for a
part of the year?
Are you aware of what the standard condo insurance policy includes?
Or can you adequately describe the things you have of value so that
you will be fully compensated in the case of any kind of loss.
Getting all the facts and figures you need to both purchase your
condo insurance and make filing your claims uncomplicated is where
we at HIG can help.
Florida Condo Insurance
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