Those who live in a condo unit in Panama City Beach, FL should invest in condo insurance coverage. Hall Insurance can meet your condo insurance needs so that you can be confident that you’re financially protected.
When you purchase condo insurance, it’s important that you understand the details of the coverage you’re getting.
The following are three inaccurate assumptions you shouldn’t make about condo insurance coverage:
Your condo association’s insurance coverage will cover you completely for a burst pipe
You cannot assume that you’ll be covered for all expenses resulting from a burst pipe by your condo association’s policy. While your condo association policy may cover you for damage to the walls themselves, you will probably need to have your own condo insurance policy to enjoy coverage for damage to your belongings within your unit.
You don’t need to purchase any condo insurance on your own if your condo association offers insurance coverage
There are many scenarios in which condo association coverage will not cover you. That’s why you should never rely solely on condo association coverage and should always purchase additional individual coverage.
A condo insurance policy will cover you for all damage to your possessions in your home
It’s important to pay attention to your policy limits when it comes to coverage for your belongings within your unit. Your policy will only cover you up to the maximum policy limit, so it’s best to consider the value of your belongings when you decide on how much coverage you want for personal possessions.
Contact Us Today
Are you interested in getting a quote on a condo insurance policy for your home in Panama City Beach, FL? Get in touch with us by phone or online at Hall Insurance and we’ll provide you with a quote as well as details on our policy offerings.
