Condo Insurance in Fort Myers FL & Cape Coral FL
As a condominium owner, you might expect the insurance policy provided by your homeowner association (HOA) to cover your home. Unfortunately, the typical HOA policy does not cover the interior of your condo and its vital contents, which is why it's crucial to secure the proper insurance and make sure you are covered. Clark & Bell Insurance Agency provides condo insurance to clients in Fort Myers, Cape Coral, Bonita Springs, Port Charlotte and surrounding areas.
Understanding your Existing Condo Coverage
Generally, HOA insurance will cover damage to the exterior of the condominium building and common areas, such as walkways and stairs. However, it does not cover the interior walls and incidents that may happen inside of it, as well as your belongings on the premises.
Condo insurance (also known as an HO-6 insurance policy) can cover the following events:
- Explosions
- Fire
- Hailstorms
- Lightning
- Slips, falls and injuries
- Theft/break-ins
- Vandalism and malicious mischief
- Water-related accidents and damage (e.g., burst pipes)
- Windstorms
Keep in mind that even if the HOA policy does cover damage, there might be limits to what the HOA's policy limit will allow. For example, some HOA policies won't cover plumbing or wiring-related issues. It's important to keep yourself informed on what your current coverage is and make sure you're protected.
Protect your Home
Other factors will also determine what kind of condo insurance is right for you, such as where your home is and what kind of materials were used to construct the building. Don't put off planning in the event of a disaster for your home and contact the team at Clark & Bell Insurance Agency to request a free quote.