Owning a condo in Florida offers many benefits, from stunning beach views to vibrant community living. But with the perks of condo ownership also come unique insurance needs. Have you considered what happens if a pipe bursts or a hurricane causes damage to your unit? [...]
Even if you own your condo outright, going without HO-6 insurance is risky — especially given the potential out-of-pocket costs for interior damage, personal liability, or assessments after a storm or disaster.
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.