Condo insurance is meant to cover a variety of unfortunate events that could occur in your home. You may be comparing your condo insurance to the different homeowner’s insurance policies out there to determine what is covered. For example, will theft of your property be covered by your policy?
If you live in Virginia Beach, VA, you can count on Armor Insurance Group for the answers to questions about your policy. Here’s what you need to know about the theft.
Read Condo Insurance Policies Closely
It is important that you carefully read your condo insurance policies to have an accurate overview of the coverage you have. Some standard policies may include coverage for theft and damage to your items, but you need to know the extent of the value covered. You also need to know the limits on claims you can make as well as what your deductible looks like before coverage kicks in.
You should also keep in mind that the insurance coverage provided by your condo association is not going to cover your specific unit or your personal property. You should have your own policy to cover issues like theft.
Consider Personal Property Coverage
Your items are generally covered under personal property coverage, and this often includes items that are stolen. Personal property coverage is often part of a standard condo policy, but you should consider the value of the coverage your policy allows for. You may want to consider add-on coverage to protect appliances, electronics, furniture, and other valuable items.
You may not know exactly what kind of coverage you need to cover theft. Armor Insurance Group, which serves Virginia Beach, VA, can help you choose a condo insurance policy that provides protection for your personal property against theft.