Condo insurance

​The first home I ever bought was a condo. It was a beautiful end unit condo that was flooded with natural light. It was a bit dated when we moved in. But, after installing some new floors over a weekend, fixing up the kitchen with new tiles and painting the walls it was really nice and updated. I enjoyed the condo life. Not having to mow the lawn, not worrying about fixing a roof or painting the outside of the house. Having a community pool and pretty paths to walk it was great. Sadly, when more kids entered the picture it was time to move on from our pretty condo to a bigger house with a yard. Gone was my cheap mortgage and carefree weekends where I could just relax and watch football without thinking about cleaning the pool or mowing the lawn.
If you are living in a condo or thinking about buying one you need to get yourself some insurance. Now, condo insurance works different from your home insurance. Your insurance company is not covering the structure of the home because the condo association has a policy to rebuild the building. So, why per se do you need insurance if the building is going to be rebuilt by the association?  Imagine this, the whole condo burns to the ground. The association rebuilds the building and puts drywall up in your condo but that is where they stop. All those fixtures, flooring, cabinets, lights are your responsibility.
Additionally, you also need liability insurance if someone were to slip and fall inside your condo. The association won’t cover what happens inside your home.
Condo Insurance isn’t cheap. It’s not as expensive as home insurance and not as cheap as renters insurance.  It’s in the middle there. And you can customize it to your liking. But, you do want to make sure you can rebuild your place the way it is today. Think about the cost for new cabinets for your kitchen and bathrooms. Think about how much it would cost to put new floors.  Do you have any nice lighting? And then consider the labor it would cost to put all that stuff back into your condo.
Make sure you are covered properly. I know everyone wants to save money on insurance. But, you do want to make sure if something were to happen you could actually rebuild your place the way it is today. Call today to get a quote on some condo insurance. We will be happy to go over what your options are and give you a great price. 951-395-0754