What is Condominium Association Insurance in Clewiston?

What is Condominium association Insurance in Clewiston?

Your individual condo coverage policy, or a unit owner’s policy, is the insurance plan you are liable for as the condo unit purchaser. An individual condo policy is imperative as this policy covers your personal belongings and offers liability security in the event of an occurrence within the walls of your condo unit. Your mortgage lender or condo association will expect you to possess an individual condo insurance policy in numerous cases. Your individual unit owner’s insurance coverage is similar to that of homeowner’s coverage in that it gives:

Personal Liability Coverage: Coverage that protects you if others initiate a claim or appeal a lawsuit against you for physical injuries and wounds or property damage for which you are accountable.

Personal Property Coverage: This coverage plan may assist in repairing or replacing your personal belongings, like electronics or furniture if they are stolen or destroyed.

Resting on your policy’s specifics, it may also cover loss of use coverage, which applies when you provisionally have to reside at some other place if your condo is unoccupiable because of a fire or other protected loss. This extra living cost coverage can help cover costs above & beyond your average monthly expenses like rent of temporary residence, meals, laundry, and other costs incurred because of the displacement.

Contact Details Our team is here to offer you direction in acquiring insurance for a community association. We will select the best policy from the nation’s top insurance carriers. Call 863-777-4966 today for a free consultative quote.

Location: 1008 W. Sagamore Ave., Suite 1, Clewiston, FL 33440 Office Hours: Monday - Friday: 8AM - 5:30PM Website: https://www.johnperryinsurance.com/

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