How Is Condo Insurance Different From Home Insurance?

If you own a condo, condo insurance can help protect you from financial injury when a covered disaster occurs. Condo insurance can pay to repair or replace damaged belongings and property, which can help you avoid large repair bills. If you need condo insurance, the professionals at Voi Insurance Solutions LLC, serving Glendale, CA, can help. We work with many insurance carriers to help you find the best insurance policy for your needs. 

What Is Condo Insurance?

Condo insurance is a type of insurance that pays to repair or replace damaged belongings and repair damage to the interior of your condo when a covered event occurs. 

How Does Condo Insurance Differ From Home Insurance?

Condo insurance is similar to home insurance because it can help you recover after a disaster, like a fire, theft, or vandalism. Condo insurance is different from home insurance because home insurance may pay to repair or replace all parts of your home’s structure (interior and exterior) when damaged. Condo insurance only pays to repair certain parts of the home’s interior.

Who Is Required To Get Condo Insurance?

Your condo association may require you to get insurance when you buy your condo. Even if your condo association doesn’t require you to get insurance, you may still need it if you have a mortgage. Your mortgage lender will tell you if insurance is required before loaning you money. 

Even if you aren’t required to get condo insurance, this type of insurance can still be beneficial if a covered event occurs. 

Need Condo Insurance? Contact the Professionals at Voi Insurance Solutions LLC

The professionals at Voi Insurance Solutions LLC are here to help you find the condo insurance policy that’s right for you. We’re currently serving Glendale, CA.