Click to CallOwning 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.
