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Condo Insurance in Virginia
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Whether you live near the beach or not, if you live in a condo you need something other than homeowners insurance to protect you. Condo insurance is the better route and it will not only better protect you, but it can also save you money in the long run by preventing you from wasting your money on other insurance policies. With condo insurance, you are less likely to need supplemental insurance that may be needed with standard homeowners insurance. If you have homeowners insurance and own a condo, then you are relying on the insurance that the building has for many things. Condo insurance simply covers things that homeowners insurance does not and you do not want those kinds of gaps in coverage.
It is true that your condominium has insurance but that insurance only protects the actual building. That being said, homeowners insurance also does not cover everything in a condo because it is not built to do so. You need to consider a type of insurance that will not only protect your unit, but also the things that are inside your unit. With condo insurance, some plans will even cover damage in other units that originated in your unit. You cannot find that with homeowners insurance and the insurance carried by the building will not cover it either. Condo insurance is the only insurance that will cover you as completely as possible.
Things Condo Insurance Covers
Many things can be covered by the right condo insurance policy. Some common things you will find are protection from fire, theft, smoke, lightning, accidental water damage, vandalism, and even windstorm damage. It will also protect all of your personal belongings. It can help you protect yourself from paying for damage for these things. It is an excellent way to supplement the overall policy that is carried for the structure of the building.
Contact us today at Insurance Shopper VA to explore your options as a condo owner and get a quote for condo insurance.