Condo Insurance in Ohio

There are several benefits to purchasing a condo. Condo owners in Green, OH need a specific policy designed for their situation. There are unique needs compared to homeowners and renters. As a condo owner, you need to do more than protect your personal property, but most of the time, you won’t need to insure the entire condo. As such, you need more coverage than a renters policy but less coverage than a homeowners policy.

Different Types of Condo Policies in Ohio

Your insurance policy will vary depending on what your master association is also insuring. As the owner, it’s essential to understand your contract, so you have adequate coverage.

• Bare Walls-In Coverage: In this situation, you, as the condo owner, are in charge of insuring everything from your walls inward. This includes your property, along with your flooring, appliances, and countertops. When you want to make sure you have enough coverage, speak to an agent at Ken Boldt Insurance Agency II, Inc.
• All-In Coverage: With this type of insurance, you don’t need to insure your fixtures and installations, so you will likely have a smaller coverage limit. You need coverage for your belongings and your unit. It helps to review your contract to see what you are responsible for in the event of a substantial loss, such as a hailstorm that causes damage to all the units in your development. Many times, each owner is responsible for a portion of the loss. You are then assessed a certain degree of damages, even if your condo doesn’t require repairs.

Coverages You May Need in Ohio

In addition to insuring your property, you may also want liability coverage to protect you from a lawsuit if someone suffers property damage or bodily injury in your home. Vacant condo coverage can be helpful if you use your condo occasionally as a vacation home.

Contact Ken Boldt Insurance Agency II, Inc. in Green, OH to get a quote on condo insurance.