Is Condo Insurance a Good Investment?

If you have a condominium in Quakertown, PA, you need to consider condo insurance from R&R Insurance Group LLC. Condo insurance ensures that you don’t incur out-of-pocket expenses when perils strike. But because of the biting economic times, you want to ensure condo insurance is worth your pennies.

Consider these benefits of condo insurance:

Protects your assets

You wouldn’t want to pay for the replacement of your assets from your pocket when disasters strike. It would help if you considered condo insurance because it compensates you when you lose your assets to a threat in your policy.

Liability protection

You may be a condo owners association (COA) member, but this doesn’t cover liabilities inside your house — it covers liabilities happening in common areas such as the lobby or swimming pool. You should consider condo insurance if you need coverage to protect yourself when accused of property damage or bodily injury.

Loss of use coverage

If a peril in your condo insurance makes your home unlivable, condo insurance can pay for living expenses pending your house repair. For instance, if a fire destroys your condominium, your condo insurance can shelter you in a hotel and pay for the associated costs (food and accommodation) until your home becomes livable again.

Covers loss of assessment

Where your COA policy falls short in covering a given loss, you don’t have to dip into your pocket to cover the difference — condo insurance fills in the gap.

Peace of mind

Condo insurance gives you peace of mind that your home or investment is safe. This means you don’t have to spend sleepless nights wondering about possible risks that might compromise your structure.

Give Us A Call

Ready to invest in condo insurance? Please get in touch with R&R Insurance Group LLC in Quakertown, PA for a no-obligation quote.