As a condo owner, it’s essential to have the right insurance coverage to protect your personal property, liability, and any additions or alterations you make to your unit. Best One Insurance offers condo insurance policies that provide comprehensive coverage for these needs.
The standard condo insurance policy from Best One Insurance protects you and your family members against bodily injury and property damage liability claims, subject to the limits you select. You can also opt for medical payments coverage, which pays for medical expenses incurred by a visitor who is injured at your residence, regardless of fault. The agency also offers loss assessment coverage, which protects you against certain assessments that may be levied by the HOA association. This coverage compensates you for additional living expenses incurred should you need to vacate your condo after a covered loss.
Personal Property Replacement Cost Coverage is another optional coverage available from Best One Insurance. This ensures that you receive full replacement value without regard for depreciation after a covered loss. The agency advises checking the HOA agreement to determine the Association policy’s coverage and what you are responsible for. In case of damage to common areas, your condo association may levy assessments against all the owners to pay the deductible on their association policy. Best One Insurance can help determine the potential for such assessments and ensure you have the best condo insurance coverage for your needs.
Our experienced agents can help you find the best combination of coverage, value, and price to ensure your condo insurance continually meets your needs. Contact Best One Insurance today to learn more about their condo insurance policies.