Like houses and rental units, insurance is available for condominiums as well. For condo owners, there are many options to protect their property. At the Kimberly J Brennan Agency, we strive to work with condo owners in Patterson, NY so that they get the insurance coverage that they deserve.
What Does Condo Insurance Cover?
Homeowners association policies often cover a condo’s exterior, so you are responsible for the inside of your home. Condo insurance insures the interior of your condominium and your personal property and protects you from liabilities. This coverage includes:
Interior Coverage
Protects the interior structure of your condo. This includes your walls, ceilings, and floors. It also includes any built-in appliances and fixtures.
Personal Property
Insures your personal belongings from theft or damage. This includes items like your furniture, clothing, and other possessions.
Loss of Use
In cases of covered loss events, like water damage or a fire, condo insurance will help you with unexpected costs like temporary accommodation costs or other expenses.
It is important to note that some events like earthquakes are typically not covered. It’s important to review the specific details of your condo insurance policy, as coverage can vary between insurance providers.
Do I need Condo Insurance?
Condo insurance is not a requirement in New York, but it is highly recommended for many reasons. Having this insurance would protect your personal belongings and ensure that anyone injured on your property has their medical expenses covered. Additionally, some condo or homeowner’s associations may include specific clauses that are required for membership.
If you live in Patterson, NY, contact the Kimberly J Brennan Agency to purchase condo insurance today. You don’t have to live without condo coverage anymore.
