It’s great to own a condo, but it’s vital for you to keep that condo well-protected with a condo insurance policy. Without one of these policies, you can put yourself in danger of serious financial problems. When you need condo coverage in Oklahoma, give us a call at Insurance Source Solutions.
One of the types of coverage that you get with condo insurance is protection for the dwelling itself. This includes only the parts you own, which may include the inside of the exterior walls or exclude that area. The outer part of the outer walls is always held by the condo board and is not insured with condo insurance. When something damages your condo, your condo policy can pay for the damage to be repaired. It may also pay for you to live elsewhere during these repairs if needed.
All of your belongings inside your condo are also protected by your policy. When an event happens that damages your possessions, it can be covered by your policy. This will allow the policy to pay for your items to be replaced. This is an important type of protection that can save you a lot after a damaging event happens.
Another form of protection in condo insurance is coverage that protects you against liability. This coverage is there in case someone has an accident inside your condo and becomes injured from it. When this happens, you are generally liable for all of the medical bills and other costs like lost wages that result from it. With condo insurance, the policy can pay for their bills.
When you’re a condo owner, you must have a condo policy to protect yourself. Call us today at Insurance Source Solutions in Oklahoma when you need a policy.