There are so many great aspects of living in a condo, and it is also important to attend to the practical details of that type of housing. Manzanita Insurance in Prescott Valley, AZ can provide you with the insurance coverage you need for your condo. However, it is good to know about the exclusions so you can plan your policy accordingly.
Here are some key things that are not covered by condo insurance:
Condo insurance in general covers your belongings that are in your condo. That would include your clothing, furniture, kitchen items, electronics, and so on. You would need to obtain an insurance policy to cover that.
These are some of the things that are not covered by your condo insurance but are typically covered in the condo association’s policy:
The exterior of the building
Your policy covers whatever is inside your condo, and the condo association covers the exterior of the building. That includes things like roofs, railings, siding, patios, decks, walkways, and more. If a bad storm comes along and damages your building’s roof, for example, that would not be covered under your own condo insurance.
Common areas of the community
Many condo communities have common areas, such as hallways, elevators, lobbies, and recreation facilities. Your condo insurance does not cover that, but the condo association’s insurance policy does typically cover that.
Injuries that occur in common areas
Unfortunately, accidents do sometimes happen. If they happen in common areas of the condo community and cause injuries, the condo association policy would generally cover that. Your condo insurance would not cover that.
It is best to find out for sure what your condo insurance policy covers and what it does not cover, as well as what is covered under the condo association’s policy. Remember that knowledge is power.
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To find out more about condo insurance and what it covers, contact Manzanita Insurance serving the Prescott Valley, AZ area.