Category: Condo Insurance

Have you recently bought a new condo in Webster Groves, MO? While you might be excited about getting moved in and settling into your new home, there are some steps you need to take to ensure that you keep your new space safe. Here at Travers Insurance, we have three ways that you can keep your condo secure.

3 Ways to Keep Your Condo Secure

1. Check Locks and Access Cards

When you first move in, go around the unit and check that all of the locks are in working order. Find out how the security codes in your building work, especially if you need to provide temporary codes for deliveries or for a dog walker to enter your home when you are away.

2. Condo Insurance

Condo insurance can provide an extra layer of security in case your condo or belongings are damaged while you reside in your new home.

Unprecedented natural events can occur and cause your unit to crumble, and knowing that your repairs will be covered can help you focus on keeping yourself, your pets, and your family safe instead of worrying about your home.

3. Make Valuables Less Accessible

If you were a thief, how would you decide what was worth stealing in your condo? Move the family jewelry to a safe, and be on the lookout for boxes that you’ve labeled in a way that advertises that there might be something worth stealing inside. 

Also, be aware that if you collect items and place them on display, it’s likely they will be stolen first, so be sure to have an alarm installed as a deterrent. 

Contact Us Today!

Do you want to learn more about condo insurance in Webster Groves, MO? Contact Travers Insurance today to learn more!

Condo insurance is similar to homeowners, with one key difference. There will be a master condo insurance policy that the association purchases and the individual policy that you will obtain are separate. 

Condo Insurance: What You Need To Know

The areas that the master insurance covers will vary according to the selected terms, and it’s important to inquire about this before supplementing this coverage. Typically, it will extend to the roof, exterior walls, and all common areas so that you are responsible for the protection of your own unit. Your Travers Insurance agent can go over the particulars of your policy to let you know exactly what would be included. 

In the greater Webster Groves, MO community, the master coverage is required by law and will usually come out of your condo association dues. In contrast, your own indemnification is not a legal mandate. Your lender will usually compel you to have this protection, however. 

Covered perils are generally extended to events related to the weather, such as wind storms, lightning strikes, power surges, and damage caused by snow. 

You can experience water damage due to heavy rains when the roof leaks or your condominium could experience a fire that razes it to the ground. Your property can be in need of repairs or replacement due to smoke exposure or saturation by a sprinkler system.

In addition, your personal belongings, such as electronics, clothing, and jewelry should typically also be protected. Theft can sometimes be an issue, as can vandalism, and people hurting themselves on your premises should all fall under the purview of your coverage. 

Travers Insurance Wants to Help

We specialize in providing Webster Groves, MO residents with the various insurance coverage they need, including condo indemnification. We invite you to contact us to discuss your specific situation, and you can call us by phone, reach us online, or stop in at our office. 

Owning a condo in the Webster Groves, MO community is a great way to create a home with less maintenance and stress. However, if there is an incident at your condo unit, Travers Insurance is here to protect you.

Understanding condo damages and protection

When you own a condo you probably enjoy a less stressful lifestyle than homeowners. Even with this lower level of maintenance, it’s important to know what your responsibilities are in the event of damage.

Your condo board will carry insurance that covers the building structure and all of the common areas. You will be responsible for any damage that occurs in your unit. 

It is important to review your condo regulations and familiarize yourself with your responsibilities. In many buildings, you are responsible for any damage that occurs in your unit, even if you did not cause the damage.

For example, if your neighbor has a flood in their unit that leaks into your unit and causes damage, you may be responsible. Double-check your condo rules to see if you are responsible for all damage that affects your unit. There may be extenuating circumstances in some situations, but it’s key to learn what your responsibilities are.

Don’t be caught off-guard! Now is also a great time to review your current policy for completeness. Having an appropriate policy with adequate coverage levels can make dealing with any damage-causing situation much less stressful. Don’t wait until it’s too late and find out after an event that your condo insurance policy does not provide the protection you need.

Give us a call today!

If you would like to find out more about the condo unit policy options available in the Webster Groves, MO area, give Travers Insurance a call today.

Condo insurance seems like a luxury. In reality, it’s a necessity.

While an association has its own plan, these policies are often limited. Travers Insurance wants to ensure you’re prepared. Located in Webster Groves, MO, the agency shares four types of coverage found in most condo insurance policies.

Building property protection

An owner’s policy covers only the structure of the building itself. Condo insurance fills in the gap, protecting the inside of the unit. This insures flooring, cabinets, walls, and other permanent fixtures. If any of these is destroyed, damaged, or stolen, condo insurance will pay for replacements up to the policy limit. Consult your association agreement to determine what areas may be deemed your responsibility.

Personal possessions coverage

Fortunately, your belongings are safe too. Like other items inside your dwelling, condo insurance will chip in to help cover any loss or damage. Every policy will identify protected events, like water or fire damage. Theft and vandalism are also usually listed.

Personal liability insurance

Most all insurance policies include liability protection. If someone is injured while inside your residence, this coverage is necessary. It reimburses any expenses incurred as a result of the incident, such as medical bills. Liability also pays for related legal costs if you are sued.

Loss of use coverage

While it seems unlikely, accidents do happen. If your condo becomes uninhabitable after a natural disaster or other extreme incident, loss of use is important. Sometimes referred to as "additional living expense coverage," this provides payments for additional costs associated with temporary relocation.

Contact agent serving Webster Groves, MO

If you rent or own a condo, Travers Insurance can help. Their trusted agents can create an individualized policy to protect you and your home. Call to set up an appointment today.

Owning a condo differs from homeownership in a couple of ways, and those differences are reflected in the different types of policies available for each. Here at Travers Insurance, we are dedicated to providing our Webster Groves, MO area clients with the information necessary to make an informed decision when selecting their condo insurance policy. There can be some points of confusion regarding an understanding of what is and what isn’t covered by a condo association. Yes, that policy will cover some events, but it is imperative to have a dedicated policy for each unit.

Protect your condo with a comprehensive insurance policy

There is one common point of confusion when it comes to condo insurance. While the condo association will take care of maintenance and insurance of common areas and the building structure in most cases, an owner cannot rely on that coverage for their individual unit.

For instance, if there is a flood on another floor and the water damage extends to your unit, it is more likely than not that you will be responsible for repairing any damage. This can be difficult for some condo owners to understand, and rightfully so! 

With a comprehensive condo insurance policy, you can rest assured that your unit is protected! Robust policies protect many unplanned events that can be disruptive to your life. When you know that your unit will be back to normal, it gives you great peace of mind!

Find the condo policy that meets your needs.

Clients of Travers Insurance in the greater Webster Groves, MO know that they can rely on us for all of their insurance needs! Call or stop by today to learn more about all the different available condo policies!