Top 3 Reasons Why You Need Your Own Condo Insurance PolicyPosted August 23, 2019 in General, Personal
Condo Insurance 101, by Myriam Attard, Vice President, The Hull Group
Being properly insured as a Condo owner is very different from that of a traditional homeowner policy. There are some key things you need to know that will protect you in the event of a loss.
1. Your contents are not insured by the condo corporation so you need to properly insure them. Start with a content inventory. Use your smartphone to video your contents room-by-room and then store it for future reference.
2. Additions, alterations and upgrades to your condo are also not covered by the condo corporation. We can help you determine adequate coverage.
3. Insurance related Loss Assessments are often a surprise to the condo owner and can be very costly. The right insurance policy can offer you coverage for those unexpected costs.
Learn more about condo insurance from your Hull Group experts. Our product is peace of mind.®