Condo Insurance in Ohio
Moving into your Ohio condo is rewarding and is a big purchase. Making a purchase of that caliber should require protection that will cover the contents and property that belongs to you. Most condo purchases include an insurance plan that is purchased by the HOA of the condominium complex, but its coverage is limited. Below is the coverage you can expect with a condo insurance policy from Meiners Insurance in Avon Lake, OH.
The property that is found within your condo is your personal property. In the event of a natural disaster, fire, or theft, your master HOA policy includes coverage to the external structure. Still, the property contents within your condo are your responsibility. Without a condo insurance policy, you will be forced to replace all of the damaged or stolen property out of your pocket. With condo insurance, you can make a claim on your policy, and you will be reimbursed for this property so that it can be replaced.
In your master HOA insurance policy, community condo owners are responsible for an equal portion of any damage that exceeds the policy's insurance coverage. This happens when the master HOA is underinsured, leaving the responsibility to be split among the condo owners. With your condo insurance, you can make a claim against your policy to cover your portion of the coverage, minimizing your financial responsibility.
If a guest is harmed while inside your personal condo and not on community property, you could be responsible for any medical bills from the incident. With your condo insurance policy, you can make a claim with your policy that will cover the costs of the medical bills and any other damages that occurred.
Get Your Coverage Today
For condo owners living in the Ohio area, our agents at Meiners Insurance have a condo insurance policy just for you. Contact our office in Avon Lake, OH today for more information and to get your own personal policy.