Most people spend more money on where they live than any other purchase. Whether you own a house or a condo, it just makes sense to make sure you’re doing everything you can to protect your investment from potential damage. Making sure you have the right insurance is part of that but condo and home insurance policies won’t necessarily protect you from issues that arise due to lack of general maintenance.
These tips are especially important for condo unit owners in light of the new legislation that allows for condo boards to pass along up to $50,000 in insurance deductible costs to a unit holder if damage is shown to originate in their unit. If you’d like to talk to an insurance executive about your home or condo insurance, we’d love to help.