Condo Insurance in Florida
If you own or rent a condo, you can bypass many responsibilities such as lawn care, property taxes, and maintenance chores. However, it would help if you did not bypass insurance responsibilities. At Abney Insurance, serving Oakland, FL, we provide comprehensive condo insurance plans to make condo living in Florida a breeze. Keep reading to learn more.
Why Do I Need Condo Insurance?
Many condo renters are under the impression that if the condo property owner has insurance, that is all the insurance needed. This is not the case. The property owner will have basic property insurance to cover their investment in the property. However, this has nothing to do with your possessions in the condo. There is no insurance protection for your belongings.
What Does Condo Insurance Cover?
Condo insurance will provide coverage for your personal belongings inside the condo. If the condo is damaged or lost, you will be reimbursed for the value of your lost items, or you will be paid for repairs.
How Much Coverage Do I Need?
Everyone's insurance coverage needs will be different. The best way to figure out how much coverage you should purchase is to sit with a knowledgeable insurance representative. They will be able to help evaluate the value of your personal belongings. You can include furniture, clothing, jewelry, electronics, collectibles, and more. Anything that holds value can be included. The value of the items will be calculated to determine the coverage amount.
What If I Don't Get Condo Insurance?
If you choose not to have condo insurance, you risk losing your belongings. For instance, if a fire destroys your entire condo, it will be your financial responsibility to replace all of your lost items.
If you want to learn more about condo insurance or our other products, don't hesitate to contact us at Abney Insurance, serving Oakland, FL.