If you own a condo, certain areas of the property are typically covered by the HOA insurance policy, but how much? At Fraleigh & Gray, Inc., we live and work locally and are available to review your current policies, as well as your association agreement. We can help you determine the types of coverage and how much you need to put in place to protect against the risk of loss.
Some of the types of condominium insurance that should be in place include coverage for alterations, appliances, fixtures, and any other structures unique to your unit. You want to make sure that your personal property is adequately insured as well.
You are responsible for any losses to a guest or visitor due to accidental injury that occurs on your property, from slip and fall injuries to dog bites – or damage to another’s property. Should a lawsuit be filed against you to attempt to recover financial compensation after an injury or other loss, you are protected by your condo insurance policy up to the set coverage limits.
At Fraleigh & Gray, we always search out the best prices for the highest level of coverage, and we are committed to helping local condo owners get the peace of mind they deserve.
