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Owning a condo in Wallingford, CT can be an exciting experience. But along with the excitement of owning a condo also comes responsibility. One of those responsibilities is having the right insurance for your condo. Lana Insurance Center Inc. understands your need to protect your investment.
Here are a few things to consider when selecting the right condo insurance:
What Insurance Do I Need?
The most important thing for any condo owner to understand is that your condo association’s insurance does not cover you personally or your possessions inside your unit. You get coverage to protect your personal property and liability if something happens inside or outside your unit. This type of coverage is known as “HO-6” insurance, and it’s required by law if you’re living in a condominium.
When purchasing HO-6 insurance, keep these points in mind:
• The policy should cover the structure of your unit, including walls, floors, and ceilings.
• It should also provide liability protection if someone is injured on the premises or if someone sues you for damages caused by something arising from within the unit or common areas shared with other unit owners.
• Don’t forget that flood damage isn’t covered under this type of policy – you will also need additional coverage for that!
Do I Need Additional Coverage?
If you own a condo, there is some extra scope that you might want to add to your policy, depending on where you live and what kind of lifestyle you lead. For example, adding riders to your existing policy is a good idea if you own expensive items like jewelry or artwork.
Give Us A Call
If at any point during this process, you feel overwhelmed with all the different options available – contact Lana Insurance Center Inc. in Wallingford, CT. We will be more than happy to help you find an affordable yet tailored solution that meets all your needs today!
