Condos

| Additions/Alterations Coverage | Gated Communities | HOA | Liability | Loss Assessment |
| Mature Owner Discount | Perils | Personal Property |

Who Pays for the Damage to Your Possessions and Condominium?

Answer: You do.

As an owner of a condominium unit, you are also a member of your condo association. As you probably are aware, the association carries insurance on the basic exterior roof and structure and property. Association insurance does not over the interior of your unit. If your building was damaged in most states, you’d find that everything from the framing, including wall finishing, drywall, appliances and fixtures, floors(hardwood, carpets, linoleum), plantation shutters, doors, toilet fixtures, sinks, granite or tile counters , kitchen cabinets, plumbing and heating and air-conditioning units and much more is your responsibility.

And without an individual Condo Unit Owners Policy, such a loss would leave you with a rather empty feeling. Misfortune can strike anyone – anywhere. For example:

• Could you cover extra living expenses (such as a hotel) if a fire forced you into temporary quarters?

• Are you covered if someone burglarized your unit?

• Are you protected if a visitor was accidentally hurt in your home, or if a family member caused damage to someone else’s property?

• Could you provide medical care payments for injury to others – even if you’re not legally liable? You can protect yourself against such losses with one special package of insurance – A individual Condominium Unit Owners Insurance. This valuable protection can close dangerous gaps in coverage and trim costly coverage overlaps.

A Condo Policy includes this protection:

Your Personal Property. Furniture, clothing and personal possessions are covered against loss due to fire, theft, lightning, windstorm, explosion, vandalism and a variety of other hazards

Building Additions and Alterations. The built-in improvements you’ve made to your condominium unit (e.g., wall units, drapes, hardwood floors, plantation shutters, bookshelves, etc) are insured up to $1,000 or more if you increase the coverage against the hazards listed in this brochure. Higher limits may be purchased as an option.

Personal Liability Insurance (non-car, nonbusiness liability). Legal Liability covers your legal responsibility for accidental bodily injury or death, or property damage to others – on your premises or elsewhere – caused by you, a member of your family, or your pets. Even if you’re not legally liable, the legal costs of your defense are covered. Medical Payments:

Regardless of legal liability, your policy will pay actual medical expenses for accidental bodily injury (to persons other than residents of your household) caused by you, a member of your family, or your pets – on your premises or elsewhere.

Physical Damage to Property of Others. If you or a family member cause the damage, you’re covered up to $1,000, regardless of legal liability.

Additional Living Expense. A Condo Policy covers the greater-than-normal cost of living you face when a covered disaster forces you to live in temporary quarters while your home is being repaired or rebuilt. Coverage is up to 40% of your policy limit. You are protected if any listed hazard causes loss to your personal property or to the alterations you’ve made.

• Fire and lightning
• Windstorm and Hail
• Explosion
• Vandalism
• Riot or civil commotion
• Smoke
• Aircraft damage
• Vehicle damage
• Accidental electrical damage

Additional coverage's to meet your special insurance needs. A valuable package bundles the most popular coverage options for much less than if each were purchased separately. You’ll get protection for the contents of your condo against any risk, except those that are specifically excluded.

• Theft
• Falling objects
• Weight of snow and ice
• Building collapse
• Accidental discharge of plumbing and heating
• Freezing of plumbing heating or ventilation system

Special Personal Property Coverage. This option covers the contents of your condo against almost any risk – whether the loss occurs at home or away from home. (Individual policies may exclude certain hazards.)

Coverage for Other Structures. This option covers structures separate from your condominium unit, but owned solely by you (such as a garage or cabana) and located on the premises described in your policy.

Units Regularly Rented to Others. When you rent your unit, you may want the broader coverage available with this option.

Loss Assessment Coverage. This policy option will pay up to $1,000 for your share of a loss assessment imposed by your condominium association. This coverage is subject to the hazards covered by your policy. Increased limits are available.

Limited Access Credit. If you own a condo where the complex has a 24-hour security staff, you may qualify for a 10% credit.

Mature Condo Owner Discount. If you’re a mature condo owner, you’ll save even more – regardless of your employment status. You may also select from various deductible options to help lower your insurance cost and choose the payment plan that best suits your budget. Peace of Mind from A Condo Unit Owners Policy has been designed to offer the coverage you need for your home and possessions. So don’t shortchange your peace of mind, find out just how affordable Condo insurance from Save More Insurance Services , Inc can be. Simply call us at 88-241-1635 for a quote today.