Home is where the heart is. It’s also where you keep most of your belongings. When it comes to protecting your condo, it’s what’s on the inside that counts. Here in De Pere, condominiums are the choice of those who desire the advantages of ownership without the hassles of complicated maintenance. This type of distinctive living requires an equally unique insurance policy – one that provides coverage against all of the risks that could threaten your assets and investment. At Brian Van De Hey Insurance, we help our customers find condo insurance that fills in all the gaps without breaking the bank.
The Risks of Condo Ownership
As a condo owner, your risk exposure is unlike any other. Like a renter, you have personal possessions to protect that are likely worth tens or even hundreds of thousands of dollars. However, you are also a property owner. While it is true that your condo association’s master insurance policy likely covers the structure of your building and unit, the interior walls, fixtures, flooring, and any upgrades you have made to your condo are likely your own responsibility. If lightning strikes or a fire destroys your condo, you might be responsible for replacing far more than you think.
In addition to property damage, you also face the risk of being sued for injuries occurring in your home. If someone slips on spilled water at your book club meeting, you could be sued for the costs of any consequential injuries, including medical bills and lost wages. Likewise, you may also be held financially responsible for any injuries or property damages you, your pet, or other members of your household cause as a result of your activities. Whether you fail to properly spot someone at the gym or your dog bites a child at the park, it is important to protect yourself against potential litigation.
Green Bay Condo Insurance Coverage
Here in Wisconsin, condo insurance typically covers a wide range of losses. These include:
Liability Insurance
Liability insurance helps shield you from lawsuits by paying for medical bills, legal defense fees, and judgments against you and members of your household.
Loss Assessments
As a condo owner, you share responsibility for liability and property damages in the common areas of your building. Condo insurance can cover assessments passed onto you from your condo association when a loss exceeds the limits on the master insurance policy.
Loss of Use
If you are forced to find temporary shelter as a result of covered damages to your condo, loss of use coverage can reimburse you for your lodging, meals, and other ensuing expenses while your home is being repaired.
Personal Belongings
From your furniture and electronics to your wardrobe and jewelry, your condo insurance should provide enough coverage to repair or replace any lost or damaged belongings after a covered incident. Examples include fire, smoke, wind, accidental water damage, theft, and vandalism.
Property Damage
If your condo is damaged or destroyed, make sure you are able to repair or rebuild it to like-new condition. Your condo insurance should pick up where your association’s master insurance policy leaves off, providing coverage for the inside of your unit and any upgrades or renovations you may have invested in.
De Pere Condo Insurance Quotes
If you own a condo in De Pere or the greater Green Bay area, let us help you find complete coverage at an affordable price. At Brian Van De Hey Insurance, you are more than a customer – you’re family. We are dedicated to finding the same coverage for you that we would want for ourselves. For more information or to request your free condo insurance quote, contact our office. We look forward to serving you soon.
