FRIDAY, JUNE 24, 2016
 Since condo ownership is essentially a combination of home ownership and apartment living, you'll need a condo insurance policy to fill the unique coverage needs. Not to mention, your condo association and/or lender may require you to show proof of insurance. But how much will a policy set you back in Florida?
Condo insurance premiums will vary from insurer to insurer. They also take numerous other factors into account, such as proximity to fire stations, local crime rates, local weather patterns and more. The best way to find out how much you'll pay is to request a quote from your independent insurance agent.
Generally speaking, you can expect your condo insurance premium to be between the cost of renters insurance and home insurance. While renters insurance only covers your personal belongings within the unit, condo insurance expands that by covering flooring, fixtures and basically everything from the sheetrock in. Because you don't own the exterior of the building, you don';t need as much coverage as standard home insurance offers.
It's important to note that the property coverage portion of your policy will reflect the overall value of your possessions. The more high-end items you own, the more your policy will likely cost.
Being that condo insurance is custom tailored to your needs, you';ll need to consult your agent for more specific information. He or she can explain coverage benefits and search for the most suitable policy on your behalf.
Ready to get started? Call Floridian Coastline Insurance at (954) 302-4531 for more information on Fort Lauderdale FL condo insurance.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only.
It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
in your state. By using this blog site you understand that there is no broker client relationship between
you and the blog and website publisher.
|
Blog Archive
|
|