Whether you lease or own your condominium in Hudson, WI or Woodbury, MN, do you know if it is properly protected from potential risks? You may think the condo association provides insurance as part of its annual association fees, but that is not the case.
A condominium association policy, or master policy, is responsible for the common areas, such as the roof, basement, elevator, parking spaces, swimming pool, exercise facilities, walkways and exterior walls. It does not cover the personal possessions that make your condo a home.
Even if you live part-time in a unit managed by a condo, cooperative, homeowners association or planned community, you need condo insurance. Sandeen Insurance has helped countless customers like you protect homes and property for 100-years and surrounding communities.
What Condo Insurance Covers
A condo or co-op insurance policy will cover damages to your possessions (up to policy limit) caused by such disasters as fire and smoke, windstorm or hail, lightning, theft, vandalism, plumbing water damage, falling objects, and impact from vehicles or aircraft. Condo insurance also:
- Offers personal liability coverage to protect you should your visitors get injured or you accidentally damage other people’s property.
- Includes housing and expenses should you need to temporarily relocate while the condo unit is repaired.
- Covers personal property in your vehicles. Auto insurance does not protect those possessions in the event of theft or damage; it’s your condo insurance that does.
We can discuss whether you need additional protection for valuable jewelry, wine collections, electronic equipment, musical instruments and more.
How Much Condo Insurance Is Enough?
When determining the type and amount of condo insurance you need, it is important to consider the conditions and exclusions of the condo’s association policy. It can be complicated. As your independent agents, we can help you compare quotes and coverage options with the condo association’s policy in mind.
Contact Sandeen Insurance for Free Condo Insurance Quotes
If you want to save money on insurance, contact Sandeen Insurance. We work with several reputable insurance companies to find the best policy for you at the right price. Stop in and see us in downtown Hudson for a no-obligation quote or call us to learn more at 715-386-5825.