Condo Insurance: Coverage Fundamentals
If you live in a condo in Naples, your condo association probably provides some level of rudimentary insurance coverage. Typically, such coverage is limited to one of the following three types of policy:
- Coverage for the complex’s primary building and common areas
- Coverage for each building and items within each unit considered to be property of the condominium complex
- Coverage for each building, individual unit, and any fixtures or improvements to the unit made by the occupant
Condo Insurance Liability Coverage
Condo association coverage also typically features a small level of personal liability coverage. For most occupants, however, this coverage won’t offer sufficient protection against every possible liability.
For example, if a guest suffers an injury or property damage while in your condo, association coverage may not be sufficient to cover the damages—especially if you get sued. Additionally, condo occupants themselves get no coverage at all for injury or property damage. That’s why coverage is so important. Let us help you with your Naples condo insurance policy.
What Are Condo Insurance Exclusions?
As with home insurance policies, condo insurance doesn’t cover specific peril types:
- Earthquakes and mudslides
- Natural deterioration and neglect
- Birds, rodents, insects, and domesticated animals
Multi-Policy Condo Insurance Discounts
If you purchase condo insurance through an Ashworth & Sachs Insurance Services carrier, you may be eligible for discounts if you’re an existing Ashworth & Sachs Insurance Services policyholder. Whether you’re an existing customer with our agency or not, ask about our multi-policy discounts when you bundle condo insurance with other policies.
Contact Ashworth & Sachs Insurance Services for a Free Condo Insurance Quote
If you’re shopping for condo insurance anywhere in Florida, we’d be thrilled to hear from you. As an independent Florida insurance agent, we offer free, comparative quotes on condo insurance from multiple insurance carriers, meaning you’ll get the best possible rate. Our ability to comparison shop on your behalf will save you lots of time, too!
If you’re ready to see how much we can save you on condo insurance, call Ashworth & Sachs Insurance Services today at (239) 566-3355! For a free online condo insurance quote fill out our online quote form on our contact page!