Why do I need condo insurance in Pennsylvania?

Condo owners in Aston, PA and throughout the state have lots of questions about the value of insuring their dwelling. Many misconceptions are out there and a visit to Fulginiti Insurance will help to put your mind at rest about the facts related to condo insurance. You may be wondering exactly what your condo association insurance covers and how that affects the things that you need to cover. 

Condo association coverage

Generally speaking, your condo association is responsible for the exterior maintenance of the units, things like roofs, walkways, exterior balconies, and all common areas. In addition to damage coverage, they also have liability insurance in the event that someone is injured while using the common areas. But let’s just say your furry friend bites someone while being walked on the common walkways, that is all on you. Having liability coverage is one very good reason to have condo insurance. 

Your Coverage

If you have a mortgage on your condo, much the same as if you have a mortgage on a freestanding house, your lender will require that you have condo insurance. Your insurance policy will cover everything inside your condo walls such as your furniture, electronics, clothing, and other personal items. With a good condo policy, you will also be covered for loss of use in the event that your unit becomes uninhabitable due to a covered event. You will get money to help pay for a place to stay. 

Protecting your condo from all the things that can happen is important. When it is time for your first policy or to renew your current policy, the team at Fulginiti Insurance in Aston, PA will be happy to share their vast knowledge of the condo insurance market with you. Give us a call or stop by the office and let us give you a no-obligation quote, you’ll be glad you did.