Condo owners may mistakenly think their condo and their personal property are covered by the insurance the condo association carries. Condo associations in Jefferson City, MO are in fact required to provide property insurance on the common areas of their condominiums. However, this insurance only covers the exterior walls of individual buildings or units and any common use areas. Bodily injury which occurs within these common areas is also covered by the association.
However, the association insurance stops at the exterior walls to individual condos.
This is why condo owners should consider purchasing their own individual insurance. Luebbering Insurance Agency LLC can assist condo owners in finding the right type of individual insurance to protect their property and belongings. An insurance policy for condo owners in the Jefferson City, MO area includes the option to purchase individual insurance which will protect them from damage to their unit and personal possessions.
What types of damage can be covered with a personal condo insurance policy?
- Fire
- Lightning
- Windstorm
- Smoke
- Vandalism
- Malicious mischief
- Theft
Condo owners may also be interested to find a policy that will cover them in case there is an injury to another person inside their condominium. The association insurance only covers injury in the common areas of the condo complex or neighborhood. There are also options to protect owners against water damage to interior walls, floors, or ceilings since the condo association coverage ends at the exterior walls.
Where condo associations carry insurance to help protect them from damage, theft and bodily injury in any commonly used areas of the complex like a gym or a swimming pool, this coverage ends at the door of the individual condo units.
Please visit or call us for more information about individual condo insurance coverage. Contact one of our agents to discuss your options for insurance and begin the process of purchasing the best policy to fit your lifestyle and budget.
