What does a condominium policy typically cover?
What does a condominium policy typically cover?
A condominium policy helps protect you from a number of things that can go wrong. Here are some of the most common:
Weather
A condominium policy can help protect insured property against lightning and other weather events.
Fire
Whether it's smoke damage from a small kitchen fire or extensive damage from a large, accidental fire, a condominium policy can help repair or replace insured property.
Theft or Vandalism
A condominium policy can help cover theft or vandalism of insured property. Policies typically include special limits on things such as collectibles, jewelry, and money.
What isn't covered?
A condominium policy covers you for many types of losses or damage, but it can't protect you from everything. Some examples:
Floods are not covered
A condominium policy does not cover flood damage.
Earthquake coverage is optional
Damage from earthquakes is not covered, unless you specifically purchase coverage for it.
Not a Home Maintenance Policy
Repairs due to wear and tear or lack of upkeep are not typically covered under a condominium policy.
If you have any questions about a condo quote, please contact us at 201-340-4080.
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