Sometimes disaster strikes, even at home where we feel safest. Fortunately, condo insurance ensures you're not stuck paying out of pocket for replacement expenses if a thief steals a precious heirloom while you're out exploring or if a variety of other risks befall you and your condo in Louisiana.
Here are a couple of ways your policy helps get you back on your feet and keeps your finances secure.
Shelter if you need it
Say a kitchen fire gets out of hand, spreads, and renders your condo temporarily unlivable. Your Homeowners Association (HOA) coverage isn't responsible for footing the bill for your hotel, meals, or any other everyday living expenses you might incur while repairs are being made. But condo insurance does just that, covering those costs until it's safe for you to return to your unit.
Personal liability protection
If you accidentally injure someone at a high-stakes Saints game or run over their barbecue in the parking lot afterwards, condo insurance not only pays for their medical bills or the damage to their property but it also covers your personal liability — meaning your legal fees are paid for if an unfortunate accident turns into a lawsuit.