Condo Insurance Considerations
Finding insurance coverage for your condo is slightly different than finding insurance for a house. While you will still need an insurance policy, it will not be a typical
homeowners insurance policy. Since you are part of a homeowners association, or HOA, there are special considerations to keep in mind to help give you the coverage that you need without breaking the bank, including:
- Shop around – just like with any of your other insurance policies, shop around and compare policies and prices. Not all insurance companies will offer the same amount of coverage at the same price, and comparing policies can help to make sure that you get the coverage that you deserve at the right price.
- Check the master policy – your HOA will most likely have a master policy that will provide some coverage. Typical master policies will provide coverage for the exterior of your building, as well as any common areas. Fully understanding what is covered by your master policy will help to make sure that you are not paying for coverage that you already have.
- Choose the right deductible – typically, the higher your deductible is, the less you will be paying out of pocket each month for your premium. Keep in mind that your deductible is the amount that you will have to pay out of your pocket before your coverage kicks in if you make a claim, so choose a deductible that you can comfortably afford at any moment.
When looking for the right insurance policy that will protect your Northern California home, no matter if you live in a house or a condo,
contact the insurance professionals at Cook, Disharoon & Greathouse in Oakland. As an independent insurance company, we will work with you to make sure that you have the coverage that you need, all at the right price.
