A condo policy is there for many types of emergencies, especially those that your Homeowners Association (HOA) insurance doesn't cover — from protection for your belongings to your personal liability and beyond.
Coverage beyond your HOA
Forty percent of all hurricanes in the U.S. strike Florida, potentially rattling roofs and shaking shingles where you live. And though your HOA covers damage to the building, what if there's damage within your unit? Fortunately, condo insurance protects your belongings and the interior of your unit from hurricanes and other covered incidents.
Speaking of which … condo insurance also covers:
- Theft (say your condo is burglarized)
- Fire and certain weather-related disasters
- Property damage or accidental injuries you cause to someone else