Condo Insurance in Naples, FL: The Basics of Coverage
Condo Associations often provide minimal insurance coverage. Usually, this coverage is limited, and only covers the following:
- The complex’s building and common areas
- Items inside of the units part of the building that belong to the complex
- Fixtures and/or improvements the occupants made to the unit
Condominium Insurance Liability
Personal liability coverage may be part of the condo association coverage. Unfortunately, this coverage doesn’t cover everything.
For instance, if a guest injures himself or damages property, the coverage from the condo association may not cover the costs. This is especially true if you get sued. What’s even more important to know is that the coverage that is part of the liability part of the policy does not cover occupant’s injuries or property damage.
Know What the Condo Association’s Insurance Covers
Condo owners must know the type and amounts of coverages from the condo association. The built-in coverage can make it easier to know what else is needed to achieve the most protection.
Investment Protection with Condo Insurance
Condo investing is one of the biggest investments people can make, and not having sufficient coverage could lead to financial ruins if a disaster strikes. A comprehensive condo policy can protect your assets, so you can recover easily if anything were to happen.
Ardent Insurance & Risk Management Condo Insurance Coverage
Condo insurance coverage from Ardent Insurance & Risk Management can help you protect your condominium from fire, wind, hail, lightning, burglary, and other unexpected events. It provides the protection the condo association’s insurance will not provide.
What Does Condo Insurance Not Provide?
It does not protect a condo if it’s been damaged by floods, earthquakes, settling, deterioration, neglect, and pests.
Multiple Insurance Policies Discount
If you’re already an Ardent Insurance & Risk Management policyholder, you may be eligible for discounts if you carry multiple insurance policies. Even new customers interested in multiple insurance policies may be able to receive discounts.