There are a few misconceptions around the coverage that condo insurance provides, and if you are looking to buy a condominium in the greater Fort Myers, FL area we recommend that you review all of your insurance needs carefully. At SWFL Insurance Agency Inc. we can provide you with the necessary guidance to make sure that your condo policy is appropriate for your situation. Typically, your COA policy will only cover the common areas of your building as well as the structure itself. In the event that a storm causes flooding or broken windows and other damage inside your unit, the loss will usually not be covered.
Your Insurance Coverage vs. That Provided by Your Condo Owners Association Insurance
Having a comprehensive condo insurance policy in place can provide the protection that you need in the event of loss or damage. Water damage caused by a plumbing problem in your bathroom is the type of accident that will not be covered by the Condo Association’s policy. In addition to damage and loss due to fire and theft, you may also want to look into liability coverage. Your personal property also needs coverage above your condo building’s policy. In simplest terms, your condo itself is your own responsibility when it comes to securing the right level of insurance coverage.
We Are Here to Answer All of Your Condo Insurance Questions
If you are thinking about buying a condo in the lovely Fort Myers, FL area, or would like to make sure that your current coverage is adequate, call SWFL Insurance Agency Inc. today. We can review the ins and outs of condo insurance with you and help you find the most appropriate policy to provide the coverage that you need.