Owning a condo is gratifying, and the last thing you think about is purchasing insurance. However, while you enjoy the glory of a beautiful home, it is vital to ensure you are protected from financial loss in case anything happens. If you reside in Mechanicsburg, PA, Grove Financial & Associates Inc takes you through the benefits of insuring your condo unit.
Loss of Use
There are times when a covered loss like a fire or water damage will render your unit uninhabitable, needing you to find temporary shelter as your condo undergoes repair. Condo insurance helps cover those additional living expenses you will incur for that period, such as the cost of staying in a hotel.
Liability Coverage
An accident can happen inside your condo unit where you are liable for property damage, bodily injury, or both, to a third party. This is where condo insurance comes to the rescue. Additionally, if your guest, family members, or even you cause damage to common property, the policy can help cover repair costs.
Provides Cover for Personal Items
There are personal belongings in your condo units like jewelry, furniture, electronics, appliances, and fine art at risk of theft, water damage, vandalism, and theft. With condo insurance, you can protect your belongings from such risks.
Covers the Interiors
The Condo association usually takes responsibility for the external parts of the building. That is the common grounds like the elevator and the outer physical structure. However, protecting the interior of your unit is your responsibility. This includes fittings, carpets, furniture, etc. With condo insurance, if any of those things are damaged, the cost of replacement or repair is covered.
At Grove Financial & Associates Inc, we offer reliable and affordable condo insurance policies to residents of Mechanicsburg, PA. If you are shopping for insurance, you can contact us today. Our agents will help you understand the different types of coverage and help you choose a policy that suits your needs.