Condominiums are the perfect compromise between owning and renting. You get all the benefits of owning real estate without having to be financially responsible for things like landscaping and roof repair.
But it isn’t just your living situation that’s different from homeowners and renters…your insurance needs are different, too.
Luckily, there’s a policy that’s custom-made for you.
With the right condo insurance policy, you’ll be protected against the risks most likely to strike against you.
Your Condo Insurance Experts
For most condo owners, purchasing an insurance policy is just another item on their to-do list. But if you’re still buying your condo policy directly from the insurance company, you may be missing out on essential coverage options.
As an independent insurance agency, Harry Levine Insurance is not limited to policies from a single insurance company.
We’ve spent the last 30 years building a reputation as one of Central Florida’s leading insurance agencies. Our honesty, integrity, and commitment to customer service means that you end up with the right level of coverage for you and your budget.
Meeting Your Condo Insurance Needs
Condo insurance (also known as an HO-6 policy) is different from both renters and homeowners insurance because condominium ownership is different.
The exterior of your condo building and the common areas are under the control of the condo association, which has their own master policy to cover damage or loss. This master policy ensures that things like roof repairs are taken care of, but what about everything else?
Like renters insurance, condo insurance provides personal liability and personal property coverage, but it doesn’t stop there.
Condo insurance is sometimes known as “walls in” coverage, since everything from the exterior walls in is the responsibility of the condo owner—floor coverings, cabinets, interior walls, plumbing fixtures, appliances, and personal belongings.
Condominium insurance also covers:
- Personal liability insurance, in the event a third party experiences injury, loss, or damage;
- Loss of use coverage, to cover living expenses in the event you are unable to inhabit your condo for an extended period of time;
- Loss assessment coverage, to cover special assessments in the event the condo association’s master policy limits are exceeded;
- Tenant discrimination insurance, in the event you are sued by a potential tenant of your unit for discrimination.
None of these things are covered by your condo association’s master policy; it is up to you to purchase this coverage for yourself.
Protecting You From the Outside In
As a condo owner, you share similar concerns as renters and homeowners, but your risks and insurance needs are unique unto themselves.
At Harry Levine Insurance, our friendly and knowledgeable agents can help match you with the carrier and policy that fit your needs and your budget, and we always make it our mission to explain your options so you can make an informed decision about your condo insurance.
From standard condo insurance to additional coverage options, we have the experience, connections, and resources to assist you.
Call today to see how we can help. We can’t wait to meet you!