Condos can be tricky.   They aren’t quite an apartment,  they aren’t a house. A condo lies somewhere in between, especially for insurance.

Renters insurance and condo insurance are quite different because the properties involved are different. A condominium unit might be any one of the following:

• an apartment
• a townhouse
• a penthouse

The difference is not the type of property that it is, but, in fact, the type of ownership that exists.

For example:

  A property owner might own a block of eight apartments.  Thereby holding a single deed, that makes him the owner of an entity,  If someone rents an apartment, then rented space within a designated area is the renter’s responsibility to ensure their possessions within the apartment.  However, here’s the trick, the property owner should have separate insurance to protect the building.

The owner is not responsible for a renter’s personal property, legal liability to others within the premises, accidental injury or property damage that might happen on the premises or from the renter’s personal actions.

Conversely, a condo owner has a deed but this is only to private living space, and the  "common areas," like walkways, clubhouses, entrances, stairs, workout areas, grounds, and pools.

Therefore, the Condo association is responsible for the insurance coverage of the building and the grounds.  However, an event that the condo association’s insurance doesn’t adequately cover for common areas, it may become the responsibility of the condo owner and his insurance to handle the injury of a visitor, or the damage incurred to the building.

Advantage Insurance Network serving Cincinnati, OH understands your needs and requirements and can define what is best for you. They are there to help you make your condo a home and avoid the sticky and tricky elements of condo insurance.

Cincinnati, OH homeowners live in a cold environment that often suffers from extremely cold weather and rapid temperature changes. As a result, it is important to know whether or not their dwelling insurance covers ice damage. We at Advantage Insurance Network can answer this question for you.

Dwelling Insurance Covers A Variety Of Ice Damage

In most cases, your dwelling insurance should cover your home and the items on it from serious ice damage. For example, hail damage is usually protected from this danger. You can also get coverage for problems as diverse as ice dams and as damaging as severe ice buildup on your windows and walls.

The exact nature of your coverage will, naturally, vary depending on your policy. Most dwelling insurance types will cover your garage, barns, and storage sheds from this kind of damage. Just as importantly, they will keep your home from serious injuries caused by ice storms.

Roof Collapse May Also Be Covered

Typically, your dwelling insurance will also cover the collapse of roofs on your home and other buildings on your property. For example, the kind of ice and snow buildup that occurs on older sheds may cause them to collapse unexpectedly.

This shocking situation can be even worse if it happens to your home. Thankfully, you should be able to get some kind of coverage for this problem. This type of insurance can not only provide you with coverage for repairs but any temporary-relocation costs. For example, if a collapsed roof forces you to live in a hotel for a few months, you should be covered. 

Staying Covered With Us

At Advantage Insurance Network, we provide Cincinnati, OH and the surrounding area with dwelling insurance that can protect your home from serious ice damage. Talk to us today to learn more.

Renters insurance is quite a common type of insurance. Property management companies often require renters to obtain and maintain renters insurance coverage in order to live in their rental properties. This is generally because the renter’s insurance protects the property management company from liability, but it benefits the renter as well. Renters insurance covers a renter’s personal property in the event of theft thus allowing the renter to have peace of mind when away from their apartment. Renters insurance also covers expenses such as a renter’s cost of living in the event that the renter must temporarily relocate because of fire damage.

One factor that people always discuss when it comes to insurance is cost. Thankfully, the cost of renters insurance in Cincinnati, OH is fairly low and typically ranges from a minimum of fifteen dollars a month to a maximum of thirty dollars a month. This is extremely affordable for almost all renters. Thus, the cost of a renters insurance policy is usually not a deciding factor in whether or not someone is able to obtain renters insurance. However, as with all insurance, the cost of the policy is an important point to cover when examining renters insurance as a whole.

Coverage is another major part of any discussion on insurance. For $15-30 a month, the average renter’s insurance plan provides $100,000 of personal liability coverage and $15,000 of personal property coverage. For the low monthly cost, renters insurance, even the basic plans, provides an excellent amount of coverage for renters. Additionally, renters insurance also provides approximately $1000-2000 of coverage for medical bills in these basic plans.

Many people want to get renters insurance in Cincinnati, OH. If you are interested in getting renters insurance, Advantage Insurance Network is the company for you since they have years of experience helping customers with renters insurance. To find out more, call Advantage Insurance Network at 513.922.9460.