Many people say that one of the perks of owning a condominium is that others are responsible for the requisite maintenance. Imagine their surprise upon learning that, in the event of certain types of damage and loss to the condo, the responsibility falls to the condo owner.
For example, the condo association’s policy may not cover additions made to your unit by prior owners after the complex was originally insured. So, improvements to flooring, new wall coverings, renovations, and other alterations may not be covered in the event of a claim.
The experts at the Sinclair Risk & Financial Management can explain what’s protected (and what’s not) by the association, and help you to secure the complete coverage you need to insure your condo in the event of a future loss.
Condo insurance includes:
- Liability insurance: Protects you from a loss if a visitor or neighbor slips or falls while in your condo.
- Personal Property Protection: Protects your condo’s contents (e.g., furniture, clothing, etc.) in the event of an unexpected loss.
- Loss Assessment: Protects you when the association’s coverage isn’t enough to cover damages to the entire building or from a lawsuit.
Also, Flood insurance is available if your condo is located in an area prone to flooding.
We can help you when looking at insurance for your condo.
Sinclair is pleased to be at your service. Please allow us to find you the very best protection for your condo property. To learn more, contact us at 203.265.0996, email us, or return the form on this page for a quote from our experts at no obligation.