You finally got the deal done. You’re the proud owner of a condo. Great, all the hard work is done and it’s time to move in. Not so fast. You are probably forgetting a very important part of owning a condo: condo insurance in Cape Coral. Understand that the exterior of your condo is the responsibility of your condo association. The association carries the insurance that covers any damage to the exterior. You want additional protection for the inside of your condo. A sound policy will cover all of your major appliances, your interior walls, and any of your valuable personal property. On top of all these things, these policies also protect you if you are liable for another party’s injury while they are inside of your unit. A policy can help you pay for legal help to fight a lawsuit that an injured party may bring on.
Don’t sign up for Condo Insurance in Cape Coral without learning a few things about the insurance you will be receiving. Condo insurance isn’t going to break you financially. Some people pay as little as $100 per year for insurance. If you have a lot of valuables, expect to pay more for insurance. If a burglar breaks into your condo and gets away with $10,000 worth of jewelry, your insurance policy will have to cover you. With such a financial risk, they will want much more for your premium. If all you have is a few budget televisions and an older computer, the payout won’t be as much. You’re premium won’t be much either. Some condo insurance policies will actually cover valuables stolen from your car. Instead of guessing whether or not you have such coverage in your policy, just ask your insurance agent. An agent can put it in your policy if that’s coverage that you want.
Before signing up for any additional insurance, it’s important to understand what is in the insurance policy that you condo association already has. Your agent can help you go over the policy to ensure that there aren’t any gaps when you get your separate coverage. Insurance gaps can cause you to suffer a financial loss, so go over both policies very carefully.
