Find Top-Notch Protection For Your Condo.
You may not be required to maintain the front lawn or sweep the front walkway, but it’s still important to safeguard your townhouse or condo with an insurance policy. Acquire dependable coverage for yourself and your belongings with an insurance policy from one of the companies Elder Insurance Services LLC works with. Once you do know specifically what your condo association will cover and require from you, an agent will be able to explain all of the available options and walk you through the rest.
Obtain Additional Coverage For Serious Problems.
In addition to the primary condo insurance policy, there are a few different policies you will want to consider to protect you from larger issues you may face. Speak to an agent about protecting your possessions from flooding and keeping assets safe if you’re slammed with a lawsuit.
Keeping You Protected From The Ground Floor To The Penthouse.
When you purchase a condo or townhouse, the association will play a key role in determining the types of insurance coverage you will need. The master policy for the complex may only cover the building exterior and common areas while other policies will take care of things like light fixtures, cabinets and flooring.
No matter what type of policy the condo complex maintains, you’re responsible for safeguarding your belongings and your family. An agent from Elder Insurance Services LLC can help you determine the value of your possessions, so that you can make a well-informed decision regarding the best kind of insurance coverage for you. Common condo and townhouse coverage types include:
- Personal property coverage
Personal property coverage will help protect the possessions inside your townhouse or condo, like furniture and electronics, if they’re damage due to vandalism, smoke, fire or other covered peril.
- Liability coverage
If a friend, family member or guest is injured on your property, and chooses to sue you, liability coverage will help cover most legal costs.
- Guest medical coverage
If a guest injures him/herself on your property, guest medical coverage will cover reasonable and necessary medical expenses.
- Reimbursed living expenses
If a covered loss makes your condo/townhouse uninhabitable, coverage for reimbursed living expenses will help you pay for food and a temporary place to live.
- Building property protection
The cabinets and appliances in your condo can be protected with building property protection coverage.
- Loss assessment coverage
If something occurs to a shared building or common area in your complex, that exceeds the limits of the condo association’s insurance policy, unit owners may need to pay an assessment toward the cost of repairs. Loss assessment coverage will help cover your share of the associated fees for repair.
- Identity restoration coverage
If you are the victim of identity theft, it can be difficult to recover financially. Addition of an identity restoration policy will arm you with a fraud specialist who can help sort things out.