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Choosing the Right Condo Insurance Policy

Condo Insurance Basics

Buying a condo is one of the best ways to enter into the real estate market. While condos give you your own space and pride of ownership, they do not require as much maintenance as a house does. Making sure that your condo is protected with the right condo insurance policy is key to ensuring that you are safe. Keep these considerations in mind before investing in a condo insurance policy.

  • Look over your master policy to see what is and what is not covered. In most cases, the master policy that is provided by your homeowners association will cover the exterior of your unit, such as your roof, as well as the common areas of the complex, such as a playground. It will not protect any of the assets you keep inside your condo.
  • After looking at your master policy, you will have a better idea of what type of condo insurance you will need. Make sure that you consider coverage for everything that is inside your condo, including your personal assets and permanent fixtures, such as countertops and flooring.
  • Creating a home inventory is one of the easiest ways to make sure that you are investing in the right amount of protection. While you are unpacking, write down all of your belongings, as well as their value. The more information that you are able to provide on your home inventory, including serial numbers and pictures, the easier it will be to get fully reimbursed if you ever have to make a claim.

For all of your Northern California condo insurance needs, contact the insurance professionals at Agers Insurance in Oakley, California. As an independent insurance agency, we will work with you to make sure that you have the right amount of protection, all at the right price.