If you live in a condo, then you are responsible for the belongings within your space. It is your responsibility to get condo insurance to cover yourself in case of a mishap within your space. If a criminal or catastrophic event causes damage or complete destruction, then you must pay for the damages with your own money. You can avoid hefty out-of-pocket expenses by having condo insurance.
What is Condo Insurance?
If you live in a condo, then you pay an association fee. This money covers maintenance requirements and upkeep for the building’s exterior. But you are responsible for the interior of your personal space. This is what condo insurance is for.
Condo insurance is a good idea, especially considering all the things that can go wrong. Damages can occur through vandalism, flooding, fires, and natural disasters.
With condo insurance, you will have financial assistance if disaster strikes. You can potentially save thousands of dollars on out of pocket expenses.