You may wonder if you need condo insurance if you own a condo in Kissimmee, FL. While it’s not legally required, condo insurance can provide additional protection and peace of mind beyond what’s covered by the property owner’s insurance.

What is Condo Insurance?

Condo insurance, also known as HOS insurance, is a type of insurance policy that covers specific aspects, such as your personal belongings, interior walls, and fixtures. It also provides liability coverage if someone is injured on the property.

Understanding the Master Policy

As a resident in a condo, you are automatically covered by the condo association’s master’s policy. However, note that you may not have all the coverage you need. For example, the master policy may only cover the building’s exterior and common areas, leaving you responsible for the rest of the property. In this case, having a condo insurance policy will provide you with the extra coverage you need to protect your personal belongings and financial assets.

Choosing Your Policy

When customizing a condo insurance policy, it’s essential to calculate the value of your personal belongings, the type of coverage you need, and your budget. The team at Familia Insurance Agency will help you understand the different coverage options available and find the policy that best meets your demands and financial situation.

Speak with an Agent

If you’re unsure whether you need condo insurance, the team at Familia Insurance Agency serving the Kissimmee, FL, area can help. We are experts in the insurance industry and can help you understand your coverage needs. In addition, we will assist you with comparing different insurance policies to find the right one. So give us a call to set up an appointment.