Condo insurance, like housing insurance, is there to protect your investment property from damage or loss. Condos are individual units that people may purchase, fix up, flip, and rent out. Or you may choose to live in the property yourself during summers or other times. Whatever the case, you cannot afford to not protect it.
When you are looking to insure your condo in Charleston, SC, think about what you need to protect the most. Some of the most important things to cover in your policy are mentioned below.
Theft
Burglars can strike without warning. They may strike while you are asleep or even during the day when they think you are away working at your job. Whatever the case, it’s good to be prepared. Make sure you keep solid deadbolt locks on all of your doors and entrances. In addition, you will want to consider installing a security system. Thieves may hear about units that are not being used, so make sure you visit the condo often if you are not present at all times.
If the worst happens, if your condo is insured, you will usually be covered for theft and you’ll be able to get reimbursed for the loss.
Vandalism
Vandalism, another crime against someone’s property, involves the destruction of one’s property. If you do not have condo insurance, you may have to go to court to file for damages in a civil lawsuit. Even if the perpetrator is prosecuted, you may have problems getting your stuff back with insurance. Insurance allows you to replace your stuff and repair the damages to your investment property.
Fire Damage
Fires can break out quickly and destroy some or all of your property and contents. Having proper insurance can make it a less permanent loss. Look into getting condo insurance to protect yourself.
Water Damage
Water damage to a home or condo can cost thousands of dollars. It can occur due to pipe leaks, inadequate plumbing, or bad structures in the home. This is a potential disaster if you are not insured.
B&A Insurance LLC reminds you that these are just some of the things you have to look out for if you own a condo unit. Protect your investment by adding condo insurance so that you will be prepared if disaster strikes, no matter where it comes from. Visit with the professionals at B&A Insurance LLC for more information.
POSTED IN CONDO INSURANCETAGGED B&A INSURANCE LLC, CHARLESTON SC