Condo Insurance - Service Hub Insurance

Condo Insurance

Even though your condominium association has insurance for the building where your condo is located, not everything is insured within the structure. Just like someone who rents an apartment, condominium owners need to get condo insurance to help protect losses of personal belongings inside their unit along with the interior of your unit.


How Condo Insurance Works?

Condominium insurance is designed to cover aspects of your unit that are not typically covered by your association’s general policy. The type of insurance that your association provides covers the condominium building, commonly owned property, and liability insurance for all buildings in the association. Association liability insurance does not cover incidents that occur in your individual unit. However, personal insurance does. To determine exactly what is covered in your association’s policy, ask for a copy before determining your own coverage. By doing so, you won’t purchase duplicate coverage. Some associations opt for policies that cover items in your unit other than personal property as well as any fixtures or improvements that you make to your condo after purchase.



Different Types Of Coverage In Existence:

Typical condo insurance policies cover losses arising from fire, smoke, lightning, windstorms, vandalism or malicious mischief, theft, and accidental discharge of water. Personal liabilities covering medical expenses of individuals injured on your property are also included. Insurance for your condominium provides comprehensive coverage, but some types of damage are normally not covered under general policies. Examples include water damage from floods, earthquakes, and mudslides, damage caused by building settlement, deterioration, contamination or nuclear hazard, or damage caused by domestic animals, rodents, birds, or insects. Liability may not include bodily injury or property damage incurred by business activities or professional services.


Other types of coverage typically included in condo policies may include loss of use, which provides money for staying in an alternate location if your condo is uninhabitable and additional living expenses, absentee ownership for individuals who rent out their unit to others, temporary repairs, and debris removal. Policyholders generally are allowed to select the maximum amount of liability payments for medical and personal property damage. Want to learn more? Get a free quote today only available for Tampa, Florida residents. 

Why You Should Buy Condo Insurance RIGHT NOW?

You may be thinking, "Why should I buy insurance right now?" Well, the answer is simple. Insurance services & policies can protect you from financial disaster in case of an accident or injury. Insurance provides a safety net for your family and loved ones to help them get back on their feet if something terrible happens to you. It's important not only for your peace of mind but also for the future well-being of your family.

Insurance services & policies can give you peace of mind knowing that your family will be taken care of if something were to happen without any worry on their part. With so many different types and packages available, there are options for every type of person’s needs! At Service Hub Insurance we'd love to answer any questions or concerns about how coverage works because when someone buys insurance they're taking steps towards financial stability. We're proudly serving Floridians Insurance needs since 2014 in our Insurance Services Office in Tampa, Florida.

If the unthinkable happens and you have a life-changing event such as an injury, illness, divorce, death in the family, etc., it's only natural for us to want to protect ourselves financially from what's happening with our lives by applying for disability benefits or getting long term health care plans.

After all, is said and done, it'll be a good day when you know your family will be taken care of if something were to happen without any worry on their part.

Let us help you find the best possible insurance services & policies at the lowest possible price. Call us today to get an insurance quote at (813) 443-6250.Or click to schedule an appointment.