640 Dupont Rd
Charleston, SC 29407
Condo insurance refers to a policy designed to protect South Carolina condo owners from damage affecting the interior of the condo units. If perils such as fire, hail, or theft result in losses or injuries, condo insurance will help you take care of the underlying costs. Below, B&A Insurance LLC breaks down what South Carolina residents can expect from condo coverage.
Content such as electronics, furniture, and clothing are covered by content coverage, allowing you to get compensation when they are destroyed in covered perils. These include incidences involving lighting mishaps, fire, or hail. This coverage will reimburse your replacement costs if your belongings are also stolen.
When hazards such as fire, theft, or vandalism cause damage to the interior of your condo, building property coverage helps you pay the costs of fixing your unit. This policy covers the floors, walls, sinks, and cabinetry. Other fixtures, such as bookcases, will also be covered.
Significant disasters will likely leave your home uninhabitable, resulting in additional living expenses. Loss of use coverage will come in handy here, allowing you to cover expenses such as accommodation fees, transport charges, and meal costs until your home is repaired.
Your guests may get injured for reasons such as pet bites, going on a trip, or falling. If this happens, liability coverage will help you pay the hospital bills. If their property also gets destroyed, this policy will compensate you for the repair and replacement costs. Lastly, liability coverage will help you pay the legal fees if you are sued for any of these incidents.
Perils may occasionally cause structural damage to shared areas of your condo, requiring condo owners to contribute to the loss when the master policy is exhausted. Loss assessment coverage will provide compensation when this occurs, minimizing your out-of-pocket costs.
If you need help taking care of any of the above, call B&A Insurance LLC in Charleston, SC today. Our South Carolina agents can help create customized coverage to secure your assets.