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September 15, 2016

What Does Condo Insurance Cover?

condo insurance
When shopping for Tulsa condo insurance, it’s natural to wonder why the policies are so different from a standard home or renter’s insurance. The answer is surprisingly simple, despite owning their condo, a condo owner has a unique set of risks associated with their property that separates them from a traditional home owner. By having their property attached to fellow condo owners, situations can arise between two condos that normally don’t between two homes. Luckily, we’re a proud provider of Tulsa condo insurance, and we believe our condo coverage is far more effective than other providers. Through this guide, we’ll take a look at the intricacies of condo coverage and how to determine if your policy is effective or not.

What is Condo Insurance?

Condo insurance is similar to homeowner’s insurance in that it protects the property owner from having to shoulder all of the costs associated with repairing maintaining a condo. Since a condo’s walls are shared with neighbors, issues arise when neighbors argue over who should be responsible for repairs associated with a wall’s damage. Through condo insurance, a condo owner can worry less about who’s responsible for the damage and instead focus more on getting the necessary repairs done.

We understand how frustrating it can be to deal with uncompromising neighbors that refuse to pick up their fair share of the bill, which is why we’ve designed our insurance policies to clearly outline what is and isn’t covered. We don’t want to add to the frustration by not doing our part, so we’ll work with you every step of the way to ensure that you and your condo are being taken care of.

Finding the Right Policy

When you’re looking at condo insurance, the most important thing to look at is how extensive the coverage is. If you’d be responsible for most of the property’s repairs and maintenance, then you’ll probably want to look elsewhere. Cost is another issue, as you don’t want to spend too much money on coverage that is ultimately ineffective. If you’re unsure of an acceptable price for condo insurance, shop around and see what a wide variety of providers are offering. This should give you a better idea of what makes a great policy. Of course, we’ll still be waiting right here when you’re ready to make a decision.

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