Protect Your Condo from Disasters

Many people believe that they do not need condo insurance because they don’t have a mortgage. They think that their condo’s association policy will cover damages if there is a problem. Attain Insurance in Fort Payne, AL can give you advice about understanding how you can protect your condo from a disaster.

Association Policies

Many condos have their own policy. These policies protect the buildings’ structure, so if the building you were living in were completely demolished, the association could cover your loss. Association policies usually do not cover your belongings, appliances, or furniture. You’ll need to have condo insurance to protect you in case something happens to your home.

Condo Insurance

Although it can happen, a building is rarely completely destroyed. It is up to you to acquire the appropriate amount of coverage for your property and belongings.

• Liability Insurance – if a person is injured on your property, they could file a lawsuit if they feel that you are liable for their injuries. Liability insurance could protect you from having to pay out thousands of dollars for medical costs, lawyer’s fees, and rehabilitation expenses.
• Personal Property – your property could be covered against such disasters as theft, vandalism, and fires. Without this coverage, you may not be able to replace your clothing, furniture, appliances, or jewelry.
• Building Property – although the walls and buildings’ structure are usually covered under your condo association’s policy, it normally doesn’t cover the inside walls that hold fixtures and built-in bookshelves.

If you decide to purchase a condo in Fort Payne, AL, stop by Attain Insurance. Their independent insurance agents can help you discover the type of condo insurance you’ll need to stay protected in your home. They can also get you started with auto, life, and commercial insurance as well.