With Condo insurance policy, you will be able to protect your condo units while getting personal liability and living expense coverage. This policy is also known as the wall in policy as wall in coverage as they protect your individual unit.

Types of liabilities under condo insurance

• General liability

The condominium is covered from such liabilities as personal injury and bodily damage. If one was to fall or slip within your property, you can seek compensation from the condo association. This is what makes this policy a necessity while dealing with commercial property.

• Property Insurance

Under property insurance, your condo is protected from disaster. In instances of fire, natural disaster, and theft, property insurance provides protection to the condo association as well as the unit.

What is covered by the condo insurance policy

• Building and property: the condo itself including its walls and fixtures.
• Personal liability: legal costs from claims and lawsuits against you.
• Personal property: electronics furniture and other movable goods.
• Loss assessment: any part of your losses shared out by the condo association.

A condo insurance policy will normally have a list of named policy to be covered. Any peril not captured may not be paid out. At Advantage Insurance Network, Cincinnati OH, additional coverage will be offered to you if more perils need to be covered or where you require a higher limit is desired.

What to consider when taking the condo insurance policy

• Additional value

It is prudent to consider any additional value-added on the fixtures or construction to have this covered on the policy. Such factors as the renovation of structures may put the overall value of your condo over limit covered.

• Limit required

When taking a condo insurance policy, consider the limit you would want to be covered. This ensures that in case of any disaster, you receive value proportionate to your losses.

Our professionals at Cincinnati, OH, will support you in getting an appropriate policy for you. Visit our website or call us for more information.