Condo Insurance: Why the Monthly Fee Isn’t Enough
Condo insurance in Florida is a shared responsibility. Your condo fees fund the building’s and common areas' coverage. Your HO-6 policy protects what’s inside your unit.
Condo insurance in Florida is a shared responsibility. Your condo fees fund the building’s and common areas' coverage. Your HO-6 policy protects what’s inside your unit.
Condo insurance can be confusing and expensive, but we want to help. But Florida condo owners should know that there are strategies are available to lower premiums without cutting corners and missing out on the protection you need to protect their investment. What Florida Condo [...]
Florida routinely comes close to the top of the list for states with high percentages of condos, especially in coastal counties with more robust downtown areas. Just like when owning a traditional home, having condo insurance is of utmost importance. However, because of the joint [...]
Condo owners are typically covered by two levels of insurance - the condo association insurance (master policy) and condo insurance for the individual unit. The condominium’s master policy covers the exterior of the building and common areas such as recreational facilities or lobby spaces. Personal [...]
While there are many similarities between the kind of insurance you can get for a single family home and the kind of insurance you get for a condo, there are a few important differences.