Condo insurance (aka HO-6 insurance) provides coverage for the personal property damage and third party liability risks faced by condo owners. Condominium insurance protects the condo owner (you) from financial loss if any of guests gets injured inside your home, loss occurred due to fire, burglary or other incidents takes place.
As a condo owner, you do own your unit but not the building. When you first get the condo keys, you’re already down hundreds of dollars. You need to think how you’re going to move all your stuff, the stress of paying additional bills, etc. even though you don’t want to pay for best condo insurance, the fact is you need it otherwise if something unexpected happens you’ll be left in worse shape. It doesn’t mean you have to compromise your monthly budget. Here are 3 essential ways a condo owner can save money on condo insurance.
To lower your monthly condo premium, you need to raise your deductible with a number you’re comfortable with. Or you can talk to your provider to know more about other options available to a condo owner.
You can batch your condo insurance with an auto policy and life insurance. Insurers are willing to offer good discounts if a person purchases multiple policies with them.
Insurers love to insure new homes or condos because of the fact that the structure is new and there is no roof leakage, broken pipes, etc. Even if you’re living in an old condo, try to upgrade all the necessary appliances, fixtures and go for a roof replacement etc.
No matter you own or rent a condo, you need best condo insurance to protect your property and belongings. If interested to get condo insurance policy from us, please visit www.insurefloridians.com.