What does my Webster Groves, MO condo insurance cover?

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.