Let’s face it. Insurance is never a straightforward topic. With many insurance coverages, it’s easy to get lost in the insurance world. Speaking of insurance, condo insurance is one of the most widely misunderstood insurance coverages. As such, THINK Insurance & Financial Services is here to shed more light on condo insurance, including how it benefits you.
Why should I invest in condo insurance?
If you own a condo in Pomona, CA, you may want to understand whether condo insurance is worth your pennies. After all, you already have a condo owner’s association (COA) master policy. While it’s true you have a COA policy, this coverage only covers common areas like the lobby and swimming pool. However, for your dwelling’s interior, you need stand-alone condo insurance to reap the below advantages:
Suppose you invite a friend to your birthday party. Unfortunately, they slip while on your premises, injuring their back. While the accident was unintentional, you could be liable for their medical expenses. Worse yet, they could sue you for negligence.
Since liability claims can be costly, you need condo insurance to protect you from third parties’ property damage and personal injury claims.
Loss of use protection
Assume that a covered loss like a hurricane destroys your condo. What would you do as your home undergoes repairs? Instead of calling friends and relatives for temporal shelter, condo insurance puts you in a hotel and covers additional living expenses
Condo insurance protects your assets, including clothing, furniture, and electronics, from damage or loss. If you value your possessions, condo insurance should be your priority. Besides, condo insurance protects your dwelling’s interior, including the walls, roofs, carpets, and fixed appliances.
Buy condo insurance today!
Are you shopping for condo insurance in Pomona, CA? You can trust THINK Insurance & Financial Services for all your condo insurance needs. Please get in touch with us today to get the conversation started.