Condo Insurance in Arizona
In Gilbert, AZ, breaking into the housing market can be challenging. Condos are often more affordable as an alternative to a freestanding home. Becoming a homeowner in Arizona is a dream of many people. It is vital that you protect the investment you have made in your future with condo insurance. Choosing the right company makes all the difference, and Freedom Insurance Agency serves Mesa and all of Arizona.
Unlike a traditional home, condos require different insurance. Home and condo insurance are alike in some ways and different in others. The exterior of your condo is excluded from the policy that you purchase. Your exterior and the common areas are covered by the condo master policy that the management holds. This includes both property coverage and liability coverage.
Where your property coverage begins on the building depends on the condo association's policy. It can be anywhere from the exterior walls to the interior walls. Read your covenant to know what you need when you talk to your independent insurance agent.
Content coverage will help replace the things you personally bring into your condo. Furniture, electronics, clothes, and a whole lot more. It will even cover it if you take it with you when you travel. But remember, some categories of items have limits, and you may need to consider getting additional coverage.
If your condo is damaged and you have to move out for a period, your condo insurance has loss of use overage that will help pay for the place where you lay your head and maybe even a few meals. Knowing that you will be able to pay for another place to stay offers excellent peace of mind.
Like home insurance, there are exclusions, including floods, owner neglect, and earth movements (earthquakes, sinkholes, and landslides). Contact Freedom Insurance Agency in Gilbert, AZ to discuss the benefits of condo insurance.