Condo Insurance in Ohio
Ho-6 or a condo insurance policy typically protects condo units while also offering living expenses and personal liability coverage in case your condo becomes uninhabitable. Your condo association master's policy protects the whole building and common areas while your condo insurance protects your unit and its contents up to the required limits.
Is condo insurance for me?
It is essential to keep in mind that condo insurance does not cover every peril, such as floods. The Merhar Agency LLC in Willoughby, OH recommends speaking to your insurance provider to help you determine whether you may need additional policies depending on where your condo is located.
What does a condo insurance cover?
The basic condo insurance comes with similar coverages to home insurance. It covers the following:
- Building property protection: This coverage pays for any repairs and replacements that may be required in case there was damage in your condo.
- Guest medical coverage: If a neighbor or a visitor gets injured while at your condo, this coverage will help pay for medical bills, whether you are or not at fault.
- Personal liability coverage: Accidents happen all the time, including a visitor or neighbor hurting themselves while at your condo. If you are at fault, this coverage will help compensate for any legal fees in case you are sued or there are medical bills to be paid.
- Personal property coverage: This coverage protects your personal items like furniture, electronics, appliances, and clothes. The coverage can help replace or repair if they are stolen or damaged, respectively.
Keep in mind that each coverage has a limit--the maximum amount that you can be compensated in a covered claim. There are many variations of condo insurance policies in Ohio and other parts of America. Seeking advice from an insurance expert at The Merhar Agency LLC in Willoughby, OH can help you find the perfect insurance plan that best fits your needs. If you are around Ohio, feel free to visit us, and our insurance agents will be happy to assist you.