Many people don’t realize that their condominium association’s insurance policy does not always adequately cover their condo in the event of a disaster. This is one of the things that people need to be aware of when purchasing or renting a condo. They may want to look into getting condo insurance in Boston to make sure they are completely protected if there is ever a disaster that destroys their condo and the belongings inside. Most condo associations have insurance coverage on their building’s structure but there are big gaps in personal coverage and unit coverage. Before purchasing condo insurance, make sure you read through your condo associations policy thoroughly. If you can, try to get a copy of the policy to go over it with a professional. That way you know what is and isn’t covered under their policy. Make sure you find out if personal injury or property loss is covered under the condo associations policy. If it is not, this is something you will need to look into with an insurance agent that has experience with condo insurance in Boston.
There are a few areas of insurance that you will need to look into. Title insurance is one of those. This will protect you in the event that there are any mistakes when the previous owner sells the home to you. If they forge any documents or try to say that the property is not yours, title insurance and personal possession will protect you.
You should also make sure your policy includes personal property and liability coverage. Make documentation of all of the furniture and possessions in your condo as well as the prices of them and give the list to your insurance company. You may even want to include pictures. That way, you will be covered if there are any damages to your personal possessions.
Liability coverage will protect you if someone visiting your condo becomes injured. Accidents can happen anytime and anywhere and if someone is injured on your property, you should have the right kind of insurance to cover that. Coverage for your property and for injuries is essential for condo owners. You won’t want to pay out of pocket for things that are out of your control.
It’s important to contact a company for condo insurance in Boston today if you are renting or purchasing a condominium. Don’t find yourself in a bind in the event of a disaster because the condo association didn’t provide adequate coverage.
Do some research and get your own condo policy. Protecting yourself and your property is the smart thing to do.
Many people these days prefer to live in condominiums when they work in a big city. Sawyer Insurance Agency provides condo insurance services in Boston. Visit for more details.
