Condo Insurance in Wisconsin
Condo insurance is a type of homeowners insurance designed to protect condominium units. It provides coverage for various potential claims, including those involving fires, accidents, burglary, and water damage. Condo insurance also offers liability protection in case someone should be injured on the policyholder's property. Call or visit AIA Insurance of Wisconsinif you're looking for condo insurance in Green Bay, WI, or more information concerning this policy.
What Does Condo Insurance Cover?
Condo insurance policies typically cover four major areas: structure, personal belongings, loss of use/additional living expenses (if you are forced to move out temporarily) and claims against you if another person is injured or has property damaged within the condo complex.
Structure damages typically include repairs to your unit's walls, flooring, and ceiling. If things like appliances or lighting fixtures are damaged in an incident, you can also receive compensation for those items if they were located in your place at the time of the incident.
Many policies will cover legal expenses related to lawsuits resulting from personal injury or damage to another person's property in your condo when it comes to liability protection. Unfortunately, there are exceptions for certain types of incidents - particularly those related to medical conditions, criminal acts, and alcohol or drug-related activities.
Some condo insurance policies also cover additional living expenses if you need to relocate temporarily due to covered damage to your unit or the building itself. For instance, if there is a fire and the elevators need to be shut down for safety reasons, you could be entitled to coverage that pays for alternative housing until your unit is repaired. However, when buying a condo insurance policy, ask if this will be covered.
Why Buy Condo Insurance?
The main reason why you should consider purchasing a condo insurance policy is protection. Just in case something happens in that property and the policy covers it, you'll be covered. You won't have to deal with the costs of paying for these things out-of-pocket, which can be expensive.
Are you looking for condo insurance in Green Bay, WI? Call or Visit AIA Insurance of Wisconsinto get sound advice from an insurance expert.