Ames Condo Insurance
Find The Coverage That You Need
As a condo owner, you have the responsibility of examining your condo association contract and bylaws to determine your insurance requirements. Condominium associations carry master insurance policies however many of them are legally very different. It’s crucial that there are no gray areas between the condo association and the condo owner when it comes to knowing who is responsible for what. If you don’t carry the correct insurance protection on your condo, you could be left with a big bill that could cause your family great financial hardship. It pays to do your homework and know your insurance requirements and our agents at Knapp Tedesco Insurance will work with you to be certain you have the protection you need.
What Does A Condo Insurance Policy Cover?
Condominium Insurance in Ames, IA provides you with the financial protection you need in case of an unfortunate event or an accident. A standard policy includes these basic coverages:
- Dwelling coverage – pays to repair or rebuild the portion of the condo in which you are responsible for.
- Personal property – pays to replace your personal belongings
- Loss of Use – pays for your additional living expenses if you have a claim and must live somewhere else temporarily.
- Liability – protects you if you are ever responsible for bodily injury to someone or damage someone’s property. Liability coverage also covers defense costs if you are ever involved in a lawsuit.
There are many optional coverages that can be included on your condo policy in order to customize it to your specific needs. Identity Theft, Earthquake, Home Business coverage, special jewelry and fine arts coverages are a few of those options. Loss Assessment is also an important consideration. Loss Assessment provides limited coverage if your condo association is forced to assess all unit owners for loss to commonly owned property or due to a personal liability claim against the association. Choosing the right Condo Insurance takes know-how and we are here to help.
Knapp Tedesco Insurance – Your Trusted Advisor
When you insure your condo with us, you have access to our agents – your trusted advisor – who will be your advocate in the process. Purchasing the right Condominium Insurance is very important and we can get you the right protection at the right price.
Knapp Tedesco Insurance has been providing Condominium Insurance in Ames since 1926. Complete the Quote Form on this page and let us get to work on covering you today!