Condo insurance is essential to have in place to protect against any losses or repair costs for your condominium unit. The agents at ASZ International Inc. in Westchester, NY want you to know what condo insurance covers and why it is important for your New York condo.
Why is Condo Insurance Important?
Most of the time, the condominium association that governs the complex in which your condo is located has its own coverage in place. Their insurance may only cover the building in which your condominium is located and common areas throughout the complex and liability insurance for the association. This means if someone breaks into your condominium or is injured while visiting your condo, you are liable for those costs, which is why you need your own condo insurance policy.
What does a condo insurance policy cover?
While the bylaws of your condo association and state laws will determine exactly what the association must cover with its master insurance policy, it is up to you to obtain a condo insurance policy that works well for you and your situation.
Most of the time, condo insurance will cover the interior walls and possibly the fixtures inside your condo. It can also cover damage to your condominium caused by smoke, fire, lightning, a windstorm, theft, vandalism, or malicious mischief. It can also cover what is referred to as an accidental discharge of water inside your condo.
Contact Us
It is imperative that you have your own condo insurance policy in place to cover the many things that the condo association’s insurance will not cover. Contact one of the experienced and trusted agents at ASZ International Inc. in Westchester, NY today to get your policy started!
Comparing Quotes - Made Simple