Condominium Insurance Information
A condo can be a great alternative to owning a house, but they still come with their own unique needs. Condo insurance is a policy that helps protect against losses and repair costs for your condo unit. Theft, vandalism, fire damage and water damage are all covered under this policy. Connect with a John L Sprague Insurance Agency agent today to learn more about how to protect your condo.
What Are the Benefits of Condo Insurance?
Condo insurance is a policy that protects you against theft, vandalism, fire damage, water damage and various other types of incidents. It protects your property and provides protection against liability claims. Condo insurance is not required, but it is advisable to have. Every policy is different, so it’s best to contact your agent to learn more about your specific condo insurance policy.
What Does Condo Insurance Cover?
Each policy will differ, but there are a few basics that condo insurance will typically cover. Most policies include coverage for:
· Fire or lightning
· Vandalism or malicious mischief
· Accidental discharge of water
In most cases, your association will cover the external elements of your property, leaving the internal ones to you. Connect with an agent to learn more about what a policy could cover for your condo.
How Much Does Condo Insurance Cost?
The cost of condo insurance can vary from policy to policy. There are factors that can influence your costs. Your location, deductible and coverage you choose can all determine the price of your premium. Be sure to check with your association’s coverage and your policy offerings.
Learn More About Condo Insurance
Our agents at John L Sprague Insurance Agency are ready to help assist you with any policy needs you may have. Connect with an agent to get started or for more information on condo insurance.