Find out all about condo insurance so that you’re best able to protect your home.
Your home is your personal space where you can unwind and relax. When it comes to your home, it’s important that you keep it safe. However, not every home requires the same type of insurance coverage. Homeowners insurance is perfect for your single-family home. However, not everyone calls a house home. If you reside in a condominium, protect your home with the right condo insurance. Check out what to know about condo insurance and feel free to give us a call at Randy Jones Insurance Services so that you can best keep your home safe and secure.
Homeowners Insurance vs. Condo Insurance.
Both homeowners insurance and condo insurance help to protect your home from disaster. However, these policies differ slightly. As a homeowner, you’re responsible for the property inside and out. However, when you own a condo, you’re usually just responsible for the inside of your home. The homeowners association generally has a master policy to protect the exterior and common areas of the property. Both policies offer dwelling and liability coverage, but these differences in home type alter how coverage is allocated.
- Property Coverage. When it comes to dwelling coverage, homeowners need coverage to protect their homes inside and out, whereas condo owners just need enough coverage to rebuild the interior of their condo unit. Additionally, it’s important that you choose the right coverage limits for personal property protection.
- Liability Coverage. Both policies give you liability coverage to protect you from any disasters involving bodily injury or property damage. However, homeowners insurance requires more coverage to protect for any issues that happen on the property both inside and outside.
Whether you live in a house or a condo, ensure that your home is well-protected with the right insurance coverage. Invest in the right condo insurance policy to stay secure. Contact us at Randy Jones Insurance Services in Pleasanton, California for assistance finding the right insurance policy for your needs.