Condo Insurance in Colorado
If you have a condominium in Colorado, you are already contributing towards the condo owners association (COA) policy, and you may wonder why you need extra insurance. Your COA policy protects the exterior of your building and covers liabilities occurring in common areas like the lobby and swimming pool. For damages and liabilities inside your condo, that’s where you turn to Davidson Insurance Agency for condo insurance.
Need to find out more about condo insurance? Please keep scrolling.
Different condo insurance coverage options
The beauty of condo insurance is that it doesn’t come as one-size-fits-all coverage. It’s divided into different policies, so you only pick those that suit your unique needs. Different condo insurance policies include:
- Liability coverage: Suppose your dog becomes unruly and bites a neighbor! Are you aware of the amount of liability claim you could be facing? Assume that you don’t even have a dog. You invited a friend to your house, but they slipped on the stairs because of a spilled drink, dislocating their hip. Do you know you could be held liable for their medical costs? Since liability claims can strike anytime, you need to include liability coverage in your condo insurance to protect you against such eventualities.
- Contents coverage: Condo insurance covers your assets (clothing, furniture, fixtures, and so on) against losses and damages listed in your policy. You don’t have to start from scratch when fire or burglars make away with your assets.
- Interior coverage: Depending on your COA policy, your condo insurance may also cover damage to the interior of your condo.
- Loss of use: When a fire or hail makes your condo unlivable, you will be forced to seek a temporary shelter in a hotel, incurring unexpected expenses. Condo insurance covers you in such instances by paying for the additional living expenses until your condo is repaired.
Does condo insurance appeal to you? Please get in touch with Davidson Insurance Agency for an affordable policy. You could also pop into our Evergreen, CO offices to chat with one of our agents in person.