Answering the Long Held Condo Insurance Question

Although you may not be one of them, there are many condo residents who are outright confused about their need for comprehensive insurance coverage. Many aren’t even sure it's required at all. After all, doesn’t the association already carry insurance to pay for damages and accidental injuries? The answer to this long held question is two-fold. Yes, the association carries insurance. And no, your residence and your belongings aren’t covered by it. In other words, if you haven’t already done so, it’s time to get a condo insurance quote.

The confusion stems from the fact that condominium associations typically charge residents a fee to cover the cost of an overall facility insurance policy. But these policies only cover common areas of the facility and offer liability insurance for injuries that occur to residents or visitors within those common areas – like swimming pool areas and walkways.

Condo residents are therefore urged to begin insurance shopping by comparing insurance plans that will cover their personal property and individual units from fire, theft, vandalism, accidental injury, and the like. To compare insurance quotes, visit www.agentinsure.com where you’ll be given contact information for home and auto insurance companies in your area.