Home Page
Business Personal Property Life & Disability

CondoBuying a condo provides the luxuries — namely, tax incentives and building equity — of ownership, in combination with the ease of apartment living. While you do own your property, you don't have to waste your time worrying about mowing the lawn or repairing the roof. That stuff is all up to the Homeowner's Associations (HOA).

And similar to an apartment, the HOA fee you pay goes toward maintaining common areas and insuring the building structure, often including the roof and foundation. However, from the sheetrock in, you're responsible for your own unit. Purchasing condo insurance helps protect your investment in real estate, along with your possessions.

Condo insurance offers protection in three big ways:
  • It covers your property. This includes both building property (like cabinets and fixtures) and personal property (like furniture, appliances and clothing).
  • It protects your finances in the event that a visitor suffers an injury on your property due to something you could've prevented, like tripping over clutter.
  • It provides funds for temporary living expenses if your condo becomes uninhabitable due to a covered loss.
Since the HOA covers the exterior of the building, condo insurance is often less expensive than home insurance. After all, there is less to cover. But even so, condo insurance provides valuable coverage in the event of fire, severe storm, theft or vandalism (flood and earthquake coverage must be purchased separately). Call your independent insurance agent for a free quote today.

Protect your home and the assets within. Call KJE Consultants, LLC at (866) 260-5330 for more information on New York condo insurance.
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version

Request a Consultation

Fill out the form below
or call us at 212.786.2018
Our History
Our Mission Statement
Business Insurance
Life & Disability
Personal Insurance
Private Client Insurance
Property Insurance
Other Insurance
KJE Consultants, LLC
5 Penn Plaza, 19th Floor | New York, NY 10001
Phone: 212.786.2018