Did you know that your Ohio condo insurance will cover a neighbor’s condos if a fire spreads from your condo to theirs? If a kitchen fire happens, for example, and burns through to other units, then personal liability coverage would cover the damages from the fire. 

Including Your Belongings

Remember that only the inside of the structure, such as the walls, floor, and ceiling, is covered by personal liability condo insurance. Both you and your neighbors are covered by personal liability insurance for the cost of personal belongings in the event of a fire and the resulting water damage. Advantage Insurance Network wants you to know more about accidental condo damage.

What The State Of Ohio Has To Say About Condo Insurance

This is a little confusing because some insurance companies say they’ll pay for neighbors’ condos and belongings in the event of a fire in your condo. The State of Ohio says on its website, "You are only responsible for the space within your walls because you cannot insure something you do not own (there must be insurable interest.)."

The only sensible thing to do is to check with your insurance company before buying condo insurance. Every insurance agency must comply with state and local laws as a matter of course.

Increase Your Personal Liability Limits

Most condo owners only take out enough condo insurance to get by or to satisfy their lenders if they’re paying for their home. When disaster strikes, they suddenly find themselves unable to cover repairs or replacements or even their neighbors’ repairs or replacements. Increasing your personal liability limits will help you afford the consequences of disaster. 

Insurance differs between houses and condos. Ask Advantage Insurance Network in Cincinnati, OH about condo coverage before you and your neighbors suffer an accident or disaster.