Condominium insurance is unique. It provides coverage for your personal property and personal liability, as well as any additions, alterations, and improvements you make to your unit that are your responsibility based on the condo association agreement.
All dwelling items (unit additions and alterations) are your responsbility to insure. These items consist of: floor/wall/ceiling coverings, cabinets, countertops, electrical fixtures, appliances, air conditioning/heating equipment, water heaters, etc. Also, be sure to consult your HOA agreement to determine what the Association policy covers and what you're responsible for outside the unit. If common areas are damaged, your condo association may levy assessments against all the owners to pay the deductible on their association policy.
Your condo insurance policy automatically protects your family from bodily injury and property damage liability claims and any subsequent litigation. Medical Payments Coverage will pay for medical expenses incurred by a visitor who is injured at your residence regardless of fault. Full Value Personal Property ensures you are reimbursed full replacement value without regard for depreciation after a covered loss. Optional Loss Assessment Coverage protects you from certain assessments that may be levied by the association should you need to vacate your condo after a covered loss - you would be compensated for additional living expenses.
Many people supplement their condo insurance coverage with personal umbrella liability insurance for broader protection. If you have special valuable items such as jewelry, art, antiques or collectibles, ask about our Valuable Articles which provides broader coverage and no deductible in the event of a covered loss.
Let Bradenton Insurance help you find the right amount of coverage to suit your condo insurance needs on the west coast of Florida. We will help you determine your coverage needs to make sure you’re properly insured.