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Your condo insurance policy offers financial protection when covered events occur. Under these circumstances, having condo insurance can help you save money when your belongings are damaged or destroyed. Your condo insurance policy only covers a certain amount.
Inflation can make it harder to cover the cost of repairing and replacing what you own if your insurance policy isn’t updated periodically. At Ken Boldt Insurance Agency II Inc., servicing Green, OH, we can help. We help our clients review their policies as needed and can help you, too. Below is what you should know about reviewing your condo insurance policy.
Why Should You Review Your Condo Insurance?
You should review your condo insurance to ensure its maximum limits are high enough to repair or replace everything you own if a covered event occurs. You might have spent $100 buying your television many years ago, but today, if your television needs to be replaced, you might spend a lot more. These cost changes can mean that your condo insurance policy needs to be updated to keep up with these costs.
How Do You Review Your Condo Insurance?
Review your condo insurance by reviewing your policy and determining whether the coverage amounts are adequate with today’s pricing. If you struggle with this, your insurance agent can help you with it.
How Often Should You Review Your Condo Insurance?
Review your condo insurance policy once per year. It’s best to do it at the same time every year to avoid forgetting. At Ken Boldt Insurance Agency II Inc., servicing Green, OH, we can help. Call us to go over your policy and determine whether it needs to be updated.
