People are usually surprised at how high the replacement cost for a condo can be.
In the event of a total loss, you will be assessed the total cost for the “interior buildout” by the condo association. That means everything from walls to floor and ceiling, including cabinets, fixtures, etc.
To ensure you’re covered adequately, we do a Full Replacement Cost Estimate. Once we have that, you have the knowledge you need to evaluate potential risks and choose the level of coverage you need. And of course, your personal, experienced insurance agent can answer your questions and help you every step of the way.
What’s the difference between Condo / Condominium Insurance and Homeowners Insurance?
Condominium is considered a type of homeowners insurance, and requires the same two deductibles as home owners insurance. The main difference is in how your condominium is valued and what the insurance will cover.
Various payment plans are available for all types of homeowners insurance, including monthly, quarterly, semi-annual and annual payment option.