What does a condominium policy typically cover?

What does a condominium policy typically cover?

A condominium policy helps protect you from a number of things that can go wrong. Here are some of the most common:

Weather

A condominium policy can help protect insured property against lightning and other weather events.

Fire

Whether it's smoke damage from a small kitchen fire or extensive damage from a large, accidental fire, a condominium policy can help repair or replace insured property.

Theft or Vandalism

A condominium policy can help cover theft or vandalism of insured property. Policies typically include special limits on things such as collectibles, jewelry, and money.

What isn't covered?

A condominium policy covers you for many types of losses or damage, but it can't protect you from everything. Some examples:

Floods are not covered

A condominium policy does not cover flood damage.

Earthquake coverage is optional

Damage from earthquakes is not covered, unless you specifically purchase coverage for it.

Not a Home Maintenance Policy

Repairs due to wear and tear or lack of upkeep are not typically covered under a condominium policy.

If you have any questions about a condo quote, please contact us at 201-340-4080.

"Disclaimer: The content contained in this blog is for informational purposes only. It should not be considered insurance advice since every client's needs and circumstances are different. Bergen Insurance Group, LLC makes no representation as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All statements represent the sole opinion of the author and is provided on an as-is basis. For an actual description of all coverages, terms and conditions, refer to your insurance policy.”