Your condo is one of your most valuable assets. Not only does the structure hold value, but the items inside your home are also priceless. There may not be an exact dollar amount that you can place on the sentimental items in your home. You should, however, make certain that you have enough condo insurance to pay for a fresh start in Manchester, NH. The insurance agents at Associated American Insurance can help you choose the best plan.
What is the purpose of condo insurance?
Condo insurance operates similarly to home insurance. The policyholder is provided a certain amount of money, based on his policy’s limits, if a covered incident causes damage to either the structure or possessions inside the residence.
Condo insurance differs from home insurance in that some property is not covered. Your home association fees, for instance, pay for injuries that visitors encounter in the courtyard of the property. Your condo insurance, however, kicks into gear if the individual is hurt inside your home.
How much condo insurance do you need?
You need a condo insurance plan that guards you against a lawsuit while securing all the assets of your home. It is generally a good idea to purchase an indemnity plan that also pays for relocation if you need to temporarily move out of your condo. You definitely want an insurance policy that pays enough for you to purchase a new home or condo in the event that your residence is completely destroyed.
The agents at Associated American Insurance in Manchester, NH can help you find the condo insurance plan that best suits your needs. Call us today to get started with a quote for coverage!