Condo Insurance in Florida

Condos have been prime real estate in Florida for quite a while, and whether you buy one as an investment or place to reside, it's always recommended to have it insured. Of course, a few things should be cleared up so you know what you're getting into.

What does condo insurance usually cover?

Condo insurance is typically designed to go beyond what an association’s master policy covers. This may include the likes of:

  • damaged personal possessions
  • personal liability
  • damage from fires or storms
  • the cost of renting while repairs are made

When unfortunate events occur in your condo, you will need to file a claim with the master policy, your insurance company, or both to ensure you get taken care of.

Is Condo Insurance needed?

A master policy that typically comes with your condo is designed to cover aspects external to your purchased property. What you own inside really left to you to find coverage, but of course, such terms will have to be specific between both parties.

Even if you think you're OK without internal coverage, you also have to think about your liability, which is your protection from lawsuits. A condo insurance policy could include liability if you're found responsible for damage others' property or causing injury.

What about Appliances?

Depending on the specifics of your policy, it's not unheard of for appliances to be covered. Of course, limits should clearly be defined, and you should be aware of them when you purchase the policy in the first place.

Just as if you own a home or vehicle, it's recommended to a enough insurance for your condo. If you're still shopping around for a decent condo insurance provider consider consulting with Zenith Insurance Group to see if they can fit your needs.