Homeowners, Condo Owners, Renters and Landlords
Homeowner insurance covers your house as well as the belongings within the home, in the event of an insured loss. Some of these insured losses include fire, burglary, theft, tornado, storm, and back up of sewer or water damage. Quite often, mortgage companies require that the homeowner carries homeowner’s insurance before giving a loan to buy a new house or refinance. Homeowners insurance policies also offer a set amount of liability coverage that will cover any bodily injury that occurs on the property, to protect the homeowner from being sued. Liability insurance serves as a limited amount of protection for the homeowner’s assets and family in the case that a civil suit arises.
Condo buyers sometimes mistakenly assume that their monthly fees will cover all their insurance needs. However in most cases, condo owners need to buy coverage for their unit, in addition to the master policy which covers the entire development. That said, coverage for individual units will be lower than the insurance paid on a town home or single-family home because some insurance costs are already wrapped into the condo fee.
Even if you don’t own a home, you should still have proper coverage for the exposures that you do have in your life, as a renter. Laptops, TV's, Jewelry and other personal belongings can be protected in the event of a burglary, flood, or fire.
If you're renting out your place to tenants, a standard homeowners or condo owners policy won't provide proper coverage. Fortunately we can help you obtain the right coverage at a competitive price!