Owning a condo is an excellent option for those not enthused about yard work and exterior home maintenance. It is also a way to break into what can be a complex housing market. At CO Insurance Specialist in Wheat Ridge, CO, we are here to help you insure your condo and provide any other insurance you may need.
Condo property insurance is somewhat different from the property insurance on a freestanding home. With a condo, the condo association has a master policy that covers the exterior of the building, so things like porches, roofs, and common areas are not your responsibility. You are responsible for things within the condo, like the kitchen cabinets, bathroom fixtures, flooring, etc. Read your covenant to understand precisely where your coverage needs to begin.
In the same way that the condo association covers the exterior of the building, they also have liability on the exterior, common areas, the parking lot, and the swimming pool or gym. You are liable for injuries within your unit or by family members away from your unit.
The content insurance covers all of your personal possessions. This includes clothes, jewelry, electronics, cooking implements, furniture, and decor. You can cover it for the current value or the cost to replace it; the choice is yours.
Loss of use
If your condo is damaged by a covered hazard and is damaged badly enough that you can’t live there, this insurance pays for temporary housing while repairs are underway. It helps relieve some of the stress.
If you live in Wheat Ridge, CO, or the surrounding area, we look forward to serving all your condo insurance needs at CO Insurance Specialist. Give our office a call or stop by for a no-obligation quote.