Condo Association Insurance In Clewiston | John Perry Insurance

1. A Short Yet Informative Guide to Condo A Short Yet Informative Guide to Condo Association Insurance Association Insurance What Is Covered In Condo Insurance Policy? Like any other building out there, condo buildings are vulnerable to property damage from unforeseen events like fires, storms, theft, and vandalism. A condo association insurance policy, also known as master insurance, provides property damage and liability coverage for the structure, the common areas, and the grounds. Here’s how it works:

2. The structure There are three types of coverage that a condo association can choose from bare walls coverage, single entity coverage, and all-in coverage. In the bare wall coverage policy, the association will cover the structure of the condo unit up to the drywall. It also includes the exterior, framing, roofing, piping, insulation, and wiring. Single entity coverage includes all the items mentioned above, along with certain built-in properties, such as finishes and light fixtures. And the all-in policy coverage includes everything, including fixtures in individual units, appliances, and any possible improvements done by the owner. Tips To Get the Coverage Policy Make sure to establish authority When making a decision, it is highly recommended that you designate a member or team of members of the association to come up with viable options for insurance providers. Recognize the association’s financial responsibilities Recognizing the association’s financial responsibilities and restrictions can greatly help you narrow down the list of options. Once you make a final selection, the association will arrange a property inspection inclusive of all units, buildings, and structures to be insured. CONTACT US HERE: CONTACT US HERE: Website: https://www.johnperryinsurance.com/business/condominium- association-insurance.html Phone Number: 863-777-4966 Address: 1008 W. Sagamore Ave., Suite 1, Clewiston, FL 33440