While condo insurance is not required by state law in Connecticut, it’s a wise investment choice whether a condo is your primary residence or is an investment property for you and your family. Lana Insurance Center Inc. is here to help in any way we can as you shop around for condo insurance in Connecticut.
Condos often come with condo associations, which typically do require condo insurance within their bylaws. If you worked with a lender to secure a loan to purchase the condo, they often require a minimum coverage policy on condominiums.
What Does Condo Insurance Protect?
While many condo owner’s associations cover the exterior structure of the condo, the protection of the interior falls on the owner. This is where insurance comes into play; whether your home becomes damaged due to weather or natural disaster, or is broken into and your belongings are stolen — these are the scenarios where you need insurance, and not having it can leave you in financial hardship or ruin.
Liability coverage is also important when purchasing condo insurance; this type of coverage helps if someone is injured while at the residence and requires medical attention. Liability insurance is often overlooked, so avoiding that scenario by adding it to your policy is highly recommended by most insurance companies.
The truth is simple — investing in condo insurance is a no-brainer. It’s simple enough if you trust the experts at Lana Insurance Center Inc. We’re a team of insurance professionals who can guide you through the process of selecting a policy with adequate coverage for your needs and leave you feeling satisfied and well protected against anything that may happen.