When you live in a condo, it’s vital that you have the insurance coverage that you need for your home. The condo board almost certainly will require you to have condo insurance on your home. But even if they didn’t, it’s still smart to have this coverage in place as soon as you buy your condo. If you need a condo policy, call us at HBW Insurance Group in Catonsville, MD. 

Your Possessions

Condo insurance covers the possessions that you have in your condo. If the worst were to happen and something serious happened to your home, ruining your belongings, your insurance policy can help you to replace them. It is often recommended that you keep a record of your belongings, such as a video or photos of what you own. This can help you if an incident were to ruin your things.

Your Liability

A part of condo insurance is that it covers your liability inside your home. If you were to have someone come to your condo and then have an accident or get ill, you may be found liable for the resulting medical bills. With condo insurance, these bills can be paid by the policy instead of from your pocket. This is important coverage to have in a litigious society.

Your Home

When you own a condo, the inside portion of it is owned by you and must be insured by you. Your condo insurance policy will have coverage for the dwelling itself in case it is ever seriously damaged. With this insurance, you can have the policy pay for the needed repairs. If your home is uninhabitable, your policy can also pay for you to live elsewhere while the needed repairs are being completed. 

Insure Your Condo

If you don’t have your condo insured, call us right away at HBW Insurance Group in Catonsville, MD to talk about your condo insurance needs.