According to a recent poll, approx. 60 million people in the United States live in condominiums. Condos can be a great cost effective alternative to purchasing a frame built home with property for college students, couples, and more mature adults. Not to mention a way to get out of ever having to do yard work or other disgusting maintenance tasks that pester many homeowners!
But, owning a condo and having an association that takes care of insuring the building and premises for you, doesn’t mean that you get out of carrying your own small insurance policy as well! A condo is still a home, and will still be filled to the brim with your own personal belongings that need to be protected.
Many condo associations insurance policies already provide coverage for the building itself, as well as for the grounds of your development. What they don’t usually cover, is referred to as “walls or studs, in” coverage for your individual condo unit. This means that you, as the condo owner, are responsible for insuring your home from the walls or stud in.
If you’re unsure what your condo association covers for you, simply ask to see a copy of their insurance policy, or find out who their agent/broker is, and they should be able to let you know.
If you ever have questions on your auto insurance, homeowners insurance, life insurance, business insurance, or health insurance; don’t hesitate to give us a call, email, or visit our website and request free information. We’d love the opportunity to make sure you and your family have the coverage you need, at a price you can afford.
(360) 778.1200 1873 Main Street #5 – Ferndale, WA 98248
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