Condominiums have become a popular residential option for many people who don’t want the trouble and expense of maintaining a single-family property. However, the connectedness of condominium units entails special risks that can affect your own living space. At Community Management Insurance Group in Greensboro, NC, we provide condo insurance to protect condo owners against loss.
What Does Condo Insurance Cover?
Condominium insurance generally offers coverage for your condo’s interior walls, flooring, and ceilings. The exterior of your condominium structure is usually covered by the homeowners association master plan. Your insurance will also cover personal possessions kept in your condo, as well as providing liability coverage if someone is injured in your unit.
Protecting Your Investment Against Hazards That Your Neighbors Create
The difference between insurance for a single-family home and for a condominium is the question of additional risk. When you have a single-family residence, what your neighbor does is unlikely to affect you unless something encroaches across your property line. In a condominium, however, the actions your neighbor engages in could affect your own condo. For example, carelessness in the kitchen could cause a fire that damages your property, or a broken water line can cause water damage to your property. Condo insurance recognizes these special risks from having your property abut someone else’s.
Choose Us for Your Condo Insurance
The right insurance can allow you to rest assured that whatever happens, you will not be faced with significant financial loss. We offer a wide range of insurance products for your needs. Contact Community Management Insurance Group in Greensboro, NC today for a no-obligation quote on condo insurance to protect your property.
