Condo Insurance in Georgia

As a condo owner, your community most likely has a master insurance policy that all condo owners pay into. Unfortunately, that policy is not going to help you very much when damage to your condo happens and you need financial security. While some states do not require a personal condo insurance policy, most lenders do so that you are covered throughout the entire property of your condo community. If you reside in a condo, contact Covenant Insurance and let us take a look at your current coverage.

Stand-Alone Structure Protection

While your condo may share a wall or two with your neighbors, these areas are covered under the community policy. However, there are areas in your condo that are not shared with another and are also not covered in that policy. If there is damage to your condo, and it is not directly affecting your neighbor, you will need an independent policy to cover these expenses.

Personal Property

Anything inside the condo that you own is covered with a personal insurance policy. If you need something repaired or replaced, your personal condo insurance policy will cover these expenses. This includes furniture, appliances, clothing, and anything else that is yours.

Liability Coverage

If you have guests over inside your condo, you are responsible if they are hurt while on your property. Your personal condo insurance will be required for any negligence on your part, such as an animal bite from your personal pet. Without this policy, you could be forced to cover medical expenses and property damage costs out of your pocket.

Do You Need a Condo Insurance Policy?

If you are in the market for a condo insurance policy or want to see what your options are, contact our agents at Covenant Insurance for more information.