CONDOMINIUM INSURANCE
ondo insurance coverage is bought to guard your possessions as well as any upgrades that have been done to your condominium unit, together with protecting you in the event that you ruin any other units, or if somebody gets injured while visiting your condo unit. Insuring your condo is optional, but it is worth considering protecting yourself and your possessions.
If you are looking to protect your property, you can contact US Independent Insurance Agency LLC, Virginia to know more.
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Condominium Insurance Benifits
A condo insurance cover can offer protection against several things such as:
- All-risk cover: protects your belongings and improvements made to your unit against a variety of risks.
- Contents insurance policy: protects your possessions against loss resulting from common risks.
- Improvements cover: it covers all the improvements made to your unit.
- Personal liability insurance: protects you in the case someone is injured in your unit, or you damage someone else’s property.
- Replacement cost insurance policy: contents in your condo unit are covered for the sum it costs to do a replacement for them.
- Extra living expenses cover: helps you to cater for reasonable and meaningful expenses in the case you are made to vacate your apartment following an insured risk.
- Loss assessment cover: applies when you share responsibilities with other people for a shared property.
Insurance companies may also deny coverage for services that were obtained without preauthorization. In addition, insurers may refuse payment for name-brand drugs if a generic version or comparable medication is available at a lower cost.
