Naturally, if you have a home, you need homeowner’s insurance. But what if you have a condominium? Is there homeowner’s insurance for condo owners? Is there available homeowner’s insurance for condos in Union, Missouri and surrounding areas?
In fact, if you have a condo, you will want to get condo owner’s insurance, rather than standard homeowner’s insurance. Here is some useful information about the ins and outs of condo insurance in Missouri and surrounding areas.
One question you might be asking is, “Why do I need condominium insurance at all? I don’t own the building myself. Isn’t the homeowner’s association responsible for insuring the condominium?” You would be correct in that your homeowner’s association should have insurance that covers the condo. However, that insurance only covers the physical property where you live, the building, the land it’s on and damage to said property. What happens inside your unit is your responsibility.
It should be clear now why condominium insurance is useful. You don’t want to pay for a traditional homeowner’s policy that includes the physical structure because you will be paying to insure something that is already covered. However, you don’t want to rely solely on the homeowner’s association coverage because if something happens to your property inside your home — your furniture, valuables, etc. — that policy will not protect you.
Liability is another reason why it is important to have your own condominium insurance. If someone is injured in your unit or you damage their property, you may be held liable, and the homeowner’s association coverage will probably not kick in. It is important to note when calculating how much liability coverage you need in your condominium insurance policy, damage to people or property in common areas of the building probably will be covered by the homeowner’s association insurance.
Finding the right policy and the right coverage for your condo in Union, Missouri or other parts of the state can be a lot to sort out. That’s why it helps to have an insurance agent in your corner that knows the ins and outs of condominium insurance. With over 20 years of experience finding great policies for Missouri residents and businesses, David Pope Insurance is that agent.
Over the years, we have put together countless homeowner’s and condominium policies, always striving to find the best possible rates and the highest-quality policies we can. We’re not only experts at meeting your insurance needs, but we can do so fast. We can often find a quote and answer your questions in one day, so you can sign a policy and enjoy the peace of mind of reliable insurance protection as soon as possible.
If you currently own a condo or are thinking of buying one and wish to learn more about finding the right insurance, or you’re ready for us to find you a great quote on a solid policy right now, just give us a call at 636-583-0800 or Contact us online
“David Pope Insurance Services is a great firm to work with. Very knowledgeable and fast to respond to all of your needs. They had my quotes ready in no time and I was able to sign on the dotted line that same day. Very convenient. I work with David initially, then had the pleasure of working with Zack. Both took great care of my needs. Highly recommend these professionals.”
– Gayle B