Owning a condo comes with a number of important responsibilities, and keeping a condo insurance policy is one of them. These policies offer you a number of types of protection all in one policy. If your condo is not insured, or you want to shop for a new insurance provider, contact us right away at Parker Preferred Insurance in McKinney, TX.
One of the types of coverage that you get from a condo policy is coverage for the dwelling itself. However, this includes only the inside of your condo and not the outside. The outside of it, as well as the common areas, are owned by the condo board and must be insured by them. Your areas to insure include only the inside unless you have made improvements to the outside. In this case, you must also cover that improvement in your maintenance and insurance coverage.
Your belongings inside your condo are also covered by this policy. There are many ways that the items inside a condo could be destroyed or ruined, and your condo insurance will help you to replace those items after the worst happens. Many calamities, accidents and disasters can ruin belongings, and without this insurance, you would have to pay to replace everything yourself.
Many condo owners don’t think a lot about liability coverage, but they get it from their condo policy. It’s an important type of coverage that can pay for the medical bills of someone who has an accident or falls ill inside your condo. Without this coverage, you might find yourself being sued for those bills. Don’t go without this liability coverage in case an accident does happen.
To talk to an agent about condo insurance, make an appointment with us by calling Parker Preferred Insurance in McKinney, TX.