Category: Condo Insurance

There are many reasons why you might have decided a condo was right for you. It could be the amenities, the camaraderie, or the great location. One thing tenants like about condos is that they’re low maintenance—no yard work, no repainting. The HOA can be both a blessing and a curse, but for the most part, it will be responsible for protecting the value of your property. However, there are some things the HOA cannot cover. For that, you need condo insurance. 

Condo Insurance vs HOA

The HOA policy generally covers common areas and structures such as the pool, garage, or gym. If you want something that covers you personally, you need condo insurance. That means your personal property, personal liability, medical payments, and more. If, for some unforeseen reason, you are unable to live in your condo, condo insurance can pay living expenses until your condo is livable again. 

Other Things Covered by Condo Insurance

Of course, you will have to check your individual policy for the specifics, but generally, condo insurance covers fire, theft, and vandalism. Storm damage and damage from water, lightning, and falling objects may also be covered by your policy. You may need extra insurance for earthquakes and floods. Sewer backup is not standard but can be added as an endorsement. 

Bonvenuto Financial Group LLC is Now Serving Uniontown, OH

If you have a condo that you’d like to get insured and you’re in the Uniontown, OH area, please contact Bonvenuto Financial Group LLC. Our committed, compassionate, and competent agents will do all they can to help you find the policy that best suits your individual needs. 

If you are looking for a new place to live in the Uniontown, OH area, getting a condo can be a great option to consider. There are a lot of benefits that come with condo ownership, which can include having a stable and consistent place to live without having the same maintenance obligations that come with owning a single-family property. If you do get a condo, you also need to have condo insurance for a variety of reasons. 

Comply with Agreements

You will need to get condo insurance to ensure you remain in good standing with all requirements. Those that are going to buy a condo will more than likely take out a mortgage. When this happens, you need to follow any regulations set by your lender, which will include getting condo insurance. Further, you will need to have coverage to meet standards that are set by your home association. 

Protect Yourself

It is also a good idea to get condo insurance to ensure you are able to protect yourself. There are a lot of risks that can come with owning a condo. These can include the risk of damage to your dwelling or personal assets or being named liable for damages in an accident. In either situation, you can benefit by having a condo insurance plan as it will give coverage to help mitigate these risks. 

Reach Out To Us

It is always important that you get a proper condo insurance plan for your home in the Uniontown, OH area. When you are ready to start looking for coverage, you should call our professionals with Bonvenuto Financial Group LLC. At Bonvenuto Financial Group LLC, we understand the value of this coverage and will provide any support that you need to create a plan that will meet your needs.