Basic Condo Insurance Facts To Remember While Researching Coverage

InMore Group Inc. offers insurance coverage to the Miami, FL community, as well as the surrounding areas. We are a full-service firm that assists our clients regardless of their individual needs. We take the time to help our clients assess their options and find the right policy.

Condo Insurance Facts To Remember While Researching Coverage

Miami, FL is known for its beautiful and luxurious condos. They are always in demand. That’s why you must take care of your property. Condo insurance helps secure your property and gives you something to lean on during an emergency. Primarily, condo insurance protects your personal items if they are stolen or vandalized. The interior of your unit is also covered if an accidental fire or another catastrophe causes damage.

Liability coverage protects you if someone is injured while visiting your unit. You are also covered if you cause damage to someone else’s property. Also, be aware that you may have to amend your policy if you have luxury valuables in your condo, such as paintings or antiques. This will ensure that your valuables are fully covered if something happens. Take inventory of your possessions before you move into the unit.

Check your condo association policy. This will break down if you are responsible for maintaining any shared spaces in the unit. Common shared spaces include common rooms, hallways, and amenities such as a swimming pool. Generally, it would be best if you only were responsible for maintaining the interior of your property. Consider adding flood insurance. Florida is prone to bouts of severe weather that causes a lot of damage. Flood insurance covers your personal items and the interior of the unit if it suffers flood damage.

InMore Group Inc. Will Help You Protect Your Assets

Visit our website to learn more information about condo insurance.