Owning and living in a condo is a great way to enjoy life! You have a wonderful home and someone else is there to take care of major repairs and maintenance. While you may pay an association fee, you benefit from a fairly carefree lifestyle. With all of the perks that condo living provides, it’s easy to think that insurance is also someone else’s responsibility. The team at Five Star Insurance Agency in Fords, NJ is here to help you navigate the insurance selection process and ensure that your condo is covered!
It’s Time to Consider Comprehensive Condo Insurance
Your condo association does carry an insurance policy for your building, but it rarely includes coverage for individual units. Typically, a condo owner is responsible for the insurance of their own unit and is obligated to foot the bill for any damage or repairs inside their own home unit. A comprehensive policy will protect you from a number of different events that can cause damage within your unit. The right policy can also protect you from damage that is caused by a neighbor. It’s true that if your upstairs neighbor causes a flood that damages your interior, you will likely be responsible for the cost of repairs.
With a basic policy, these types of events might not be covered, and the financial burden will fall to you. That is why it’s worth considering a comprehensive condo policy. Be sure that you have the protection you need!
If you own a condo in the greater Fords, NJ area, come see the friendly and knowledgeable agents at the Five Star Insurance Agency. We’ll help you review your options and determine which type of policy is right for your needs. Call or stop by today!