Insurance
101Condominium and Renters Insurance
Depending on where you live: a house, condominium,
mobile home, or an apartment, you'll probably have different insurance needs. Your situation is unique and your insurance
should reflect what's right for you.
What Should I Consider?
Owning a condo puts you in a unique
position. Unique because you have both common and individual insurance needs. Odds are, your condominium association
has an insurance policy for common areas, like the building exterior and walkways. You're still responsible for insuring
your interests such as your personal property, yourself from liability, and your guest's medical protection.
When renting you may think, "Why
do I need insurance, I'm renting?" Well, even though your landlord probably has an insurance policy on your
building, you'll need to protect your personal interests too. It only costs a little to protect a lot. Renter's
insurance is less costly than you might think.
Here are some things to consider
when shopping for condo insurance:
Your Association - How do I know
how much coverage my association carries? Are there parts of the building or property that the association does not
insure? What are my insurance responsibilities?
Your Home - How much
would it cost to repair the inside of my home if it were damaged? How can I make my home safer and possibly save money? Should
I purchase flood insurance?
Your Property - What would it cost to replace
the contents of my home? Do I have an inventory and photographs of my personal possessions?
You and Your Guests - What kind of protection do I have against liability claims? Will my guests' medical
expenses be covered if they are accidentally injured on my property?
Your Coverages
- What additional protection can I get for special assessments. What additional protection can I purchase for my personal
property such as: jewelry, electronic equipment, cellular phones, and other special items? How often should I reevaluate my
coverages? Do I need or have reimbursement for additional living expenses if I can't live in my home due to loss? I'm
getting married, can I get additional protection to cover wedding presents and other personal property I receive?
Enjoy peace of mind knowing your unique insurance needs are understood. Discover what discounts are available for condo
owners and renters, and how you can get a quick condo or renters insurance quote.
Visit Kasson and Associates
Insurance Agency in Pickerington, OH and Groveport, OH
Phone (888) 245-5140 Ext. 9000
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