Condo Insurance Coverage Limits at Car Insurance

Condo Insurance Coverage Limits. For instance, loss assessment coverage may help pay to repair damage to common areas that results from an incident that originates in your unit. A policy on a condominium unit will be issued naming

How Much Condo Insurance Do I Need?
How Much Condo Insurance Do I Need? from www.businessinsider.com

Choosing your condominium coverage package: A condo policy will generally cover interior structures, such as cabinets, flooring and countertops within your unit's surrounding walls, but only as specified in your policy. Additional living expenses is provided but limited to $1,500.

How Much Condo Insurance Do I Need?

Condo insurance also includes personal liability coverage, which covers you in the event you’re found legally responsible for property damage or bodily injury, like if a guest injures themselves. You want a coverage limit that minimally meets the 20% of the value that you calculated. Condo insurance also includes personal liability coverage, which covers you in the event you’re found legally responsible for property damage or bodily injury, like if a guest injures themselves. Typically, liability coverages start at $100,000 to $300,000, but you can increase coverage to fit your needs.