Condo insurance is a special type of policy that covers the unique factors of condo ownership. When you own a condo, there are very specific areas that you own and some that you don't. Condo insurance isn't like home insurance because it doesn't cover the whole building. It isn't like renter's insurance because it includes part of the dwelling in the coverage. Condo insurance is unique, and your policy is built for what you need to cover. In Wisconsin, you can call us at Ziegelbauer Insurance to get started with your own policy.
Protection for the Dwelling
The part of the dwelling may extend to the inner part of the outer walls, or it might also include the space between the inner and outer walls. You need to know precisely what you own to get a policy that covers everything. If you own the space between the inner and outer walls, you are responsible for what's inside them, including any plumbing and electrical systems found there. The dwelling protection protects you against several damaging incidents that can happen to your home. When one of them happens, the policy will pay you to get the repairs you need.
Protection for Liability
As the owner of the inside of the condo, you are liable for any accidents that happen there. If anyone is inside your condo and becomes injured there, you would be responsible for the medical bills and assorted other costs resulting from their injuries. With condo insurance, your liability is covered. When something happens that injures someone, the policy pays for things like lost wages, medical bills, and ongoing therapy for injuries. It's wise to always have this protection in place just in case of an accident.
Get Your Condo Insurance
If you're buying a condo, the condo board will require you to have condo insurance. To get yours in Wisconsin, call us at Ziegelbauer Insurance.