Three Reasons Condo Insurance in VA Is Essential

A master insurance policy covers the building and common areas such as the lobby and parking lot. However, condo owners must purchase condominium insurance to protect assets within their unit. Discuss the types of condo insurance that would benefit you with an Armor Insurance Group agent in Virginia Beach, VA. 

What Is Condo Insurance?

Condo insurance protects your personal dwelling. You own not just the space inside the four walls but also the responsibility for anything that happens there. Getting the right insurance policy protects you from financial loss in the case of a covered event. A typical master policy, which you help pay for through homeowners association fees, covers the roof and siding, common areas such as pools, elevators, and hallways. You need a separate policy for your condo.

Protect Your Belongings and Furniture

Covered events often include theft, fire, and accidents that affect your condo. If someone breaks in and steals electronics, jewelry, and furniture, you could end up paying out of pocket if you fail to purchase condo insurance. To prepare for covered events beyond your control, purchase condo insurance that will reimburse you for damaged or destroyed belongings. 

Protect Your Family Against Liability 

It’s fun to have people visit your home. However, if a guest slips and falls inside your unit, you may be responsible for their medical bills. Carefully review the policy you choose so you understand your liability coverage. 

Protect Your Pet

If your pet gets out of the condo and bites someone, many condo insurance policies will cover the damages. Discuss this possibility with your Armor Insurance Group agent and choose the right policy for your family and pet. 

Schedule an appointment with Armor Insurance Group in Virginia Beach, VA for a free quote on condo insurance today.