If you live in a condominium, you have insurance needs that are truly unique. Don’t settle for any run of the mill home or renters insurance policy, because they won’t cover your situation as a condo owner. For the best Boston condominium insurance, make sure that you talk to the experts here at Vargas and Vargas Insurance Agency about getting a policy that fully covers your condo, including the following specifications:
Evaluate the Condo Association’s master policy.
The first order of business when you’re looking for a Boston condominium insurance policy is to acquire a copy of your association’s insurance policy. You don’t want to personally pay to cover something that’s already covered by your association’s insurance. Letting your insurance agent see the master policy will ensure that you get the coverage that you need – no more and no less. In general, a master policy will provide coverage for the structure of the condo (walls, windows, etc) as well as protection for common areas.
Get enough protection for your possessions.
One of the most glaring types of coverage that you need to include in your Boston condominium insurance is protection for your possessions. While your condo association’s insurance policy protects the condo itself, it will not include any protection for your stuff. The best way to do this is to estimate the value of your goods and report that amount to your insurance agent. Make sure to include kitchen appliances (if you own them yourself) as well as clothes, electronics, etc.
Have plenty of liability coverage.
The other thing that probably won’t be included in your association’s master policy is liability protection. If you have guests over, and one of them injures themselves in your condo (or on the condo’s grounds) with a slip and fall or a dog bite, for example, it will be up to your personal condo insurance policy to cover the damages, like medical bills and lost wages. These costs snowball quickly – the average cost of a dog bite liability claim in 2013 was over $27,000! This just goes to show that it is important to get the right amount for your needs, based on the knowledge of an insurance professional.
Make sure there aren’t any gaps.
Once you’ve customized a condo insurance policy to fit your unique needs, your Boston insurance agent will double check to make sure that everything is covered by either your association’s policy or your own. That way, any claim will be able to be fully handled through insurance, and you won’t need to pay for any expenses out of pocket (besides your deductible, of course).
If you want to talk to an experienced insurance agent about getting a quote for a Boston condominium insurance policy, all you have to do is call Vargas and Vargas Insurance Agency at 617-298-0655. Our agents will follow all of the previously outlined steps to ensure that your condo is fully covered. Also make sure that you stay tuned to our Vargas and Vargas Insurance blog for useful information about home maintenance, car tips, and more!
