Getting the information you need to insure your condo in Sandpoint, ID is essential. At The Insurance Shop USA, we’re here to help consumers to make the best possible choices about their condo insurance coverage.
To make the right decisions about condo insurance, you need to avoid inaccurate information. The following are three common misconceptions about condo insurance.
A condo insurance policy covers only the policyholder’s personal property.
Personal property coverage is one of the essential types of coverage a condo insurance policy offers. However, it is not the only type of coverage included in a condo insurance policy.
Condo insurance also typically includes liability, dwelling, and medical bill coverage.
Your condo insurance policy immediately covers any upgrade you make to your condo.
If you invest in a condo upgrade, it’s important that you notify your condo insurance provider to have your policy updated. Upgrades to a condo unit are not automatically covered by a condo insurance policy.
Your condo insurance policy will always pay for repairs if water damages your condo.
A standard condo insurance policy doesn’t cover water damage in every situation.
Condo insurance does often cover you for water damage that results from issues like plumbing malfunctions. However, condo insurance does not generally offer coverage for water damage repair costs that result from flooding. You need to invest in flood insurance for this type of water damage coverage.
We can answer any questions about your condo insurance needs in Sandpoint, ID. Get in touch with us today at The Insurance Shop USA to get a quote on a policy.
