Did you know that if you live in a condominium, your home requires its own type of insurance policy? Insurance included in your condo association fees do not completely cover your living area and belongings. While the common areas and structure of your Connecticut condo may be covered by the association, your possessions and structures inside require a condo insurance policy.
By working with an agent to design a comprehensive policy for your condo, you will no longer have to be worried about your belongings, furniture or appliances should something unfortunate happen to your home. While your condo association covers the bare minimum, a condominium insurance policy will cover the following:
- Personal possessions
- Liability coverage
- Improvements or upgrades made to your home
- Electrical wiring
- Wallpaper and carpeting
- And more!
Unless you have a mortgage or your condo association requires it, you may not be required to have a condo policy. CT condominium owners should speak with an agent regarding your coverage through the association, as well as your risk associated with your home. The peace of mind that proper coverage would provide makes condo coverage something to consider. We typically recommend the following limits for a policy:
- Medical payments
- Replacement cost
- Loss Assessment
For additional coverage, your agent can suggest various supplemental policies in order to protect your family members and your valuables. Some examples include:
The cost of condo insurance coverage varies based on the coverage provided by your association and the value of your possessions inside. However, you can talk to your agent about potential agency or carrier discounts.
How well do you know the state you live in? Did you know these fun facts?
- In 1762, the first blast furnace was built in Lakeville.
- Middlebury got its name because of its meetinghouse’s central location to Waterbury, Southbury and Woodbury, each 6 miles away.
- The first phone book in the state contained only 50 names and was published in New Haven.
- As a law, a pickle can only be labeled as a pickle if it bounces.
Whether you’ve just moved into your condominium, you’ve been there for years, or you’re looking for more valuable from your insurance policy, talk with one of our agents today. In order to get the most accurate quote, provide us with the following information:
- Details of any losses within the last 6 years
- Year the condo was built
- Updates to heating, plumbing or electrical systems and to the roof
- What part of your condo is covered under the Association’s Master Policy. This can be found in the Condo By-Laws.
If you live in a house, Encharter also offers great coverage through homeowner’s insurance as well. Encharter also provides policies for your car or motorcycle too. Update all of your policies when you check in with your agent about your condo policy.
Give the agents at Encharter Insurance a call today at 888.754.8299 to get a quote for your condo insurance in CT or use our contact form above!