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Florida Insurance Blog

What You May Not Know About Condominium Insurance

Insurance can be a bit confusing at times. It is why having a team like Hall Insurance on your side is so valuable. This includes those who may own a condominium in the Panama City Beach, FL area. Our professionals can help protect your investment and provide critical liability coverage should a visitor get injured while on your property.

Condominium insurance, however, does have its share of misperceptions.

Here are a few things you may not know about condo insurance:

Association Insurance is Not Enough

Sure, your HOA is likely to have insurance, but this is only designed to cover common areas and exterior structures. You will need your own condo insurance to cover your furniture, valuables, and personal belongings as well as the interior of your unit.

You Are Responsible From the Walls and Inward

Condo insurance will cover your investment from the walls and inward. This includes mechanicals, appliances, and personal belongings.

It Offers Protection from Liability Claims

Should a visitor, contractor, or delivery person slip and fall or otherwise become injured while on your property, the liability coverage of condo insurance can help cover legal fees and damages.

You May Be Able to Purchase Assessment Insurance

Associations can sometimes levy large assessments to cover major repairs, like ones needed after storm damage. Add-on association assessment insurance may be available to help protect you from these unexpected costs.

We Can Help!

There are differences between home insurance, renter’s insurance, and condo insurance. Hall Insurance is serving the Panama City Beach, FL area and can help you understand the nuances. Contact us today for a review and quote on protecting your condominium investment.

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