{"id":28,"date":"2021-06-21T04:00:00","date_gmt":"2021-06-21T10:00:00","guid":{"rendered":"https:\/\/www.hausmanninsagency.com\/blog\/?p=28"},"modified":"2021-06-21T11:44:59","modified_gmt":"2021-06-21T17:44:59","slug":"introduction-to-condo-insurance","status":"publish","type":"post","link":"https:\/\/www.hausmanninsagency.com\/blog\/introduction-to-condo-insurance\/","title":{"rendered":"Introduction to Condo Insurance"},"content":{"rendered":"<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">Typically, condos are affordable compared to single-family homes. For this reason, condos are popular with homeowners operating on a tight budget or looking to downsize. While owning a condo is a significant step in your life, you need condo insurance to complete your condo ownership journey. If you are unfamiliar with condo insurance, here is a brief guide from Hausmann Insurance &amp; Financial Services, serving Charlotte and&nbsp;Waxhaw, NC, and surrounding areas.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">Doesn&rsquo;t the condo association policy cover my condo?<\/span><\/span><\/span><\/strong><\/span><\/span><\/p>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">While it&rsquo;s true your condo owners association (COA) has a master policy, this coverage protects the outside of your building and damages and injuries occurring in common areas such as the tennis court and lobby. In light of this, the COA master policy doesn&rsquo;t protect damage to your dwelling&rsquo;s interior and other assets.<\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">What does condo insurance cover?<\/span><\/span><\/span><\/strong><\/span><\/span><\/p>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">Given that perils like fire, theft, and vandalism are a constant threat to condo owners, you need condo insurance to protect your assets. Here are the areas covered by condo insurance:<\/span><\/span><\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"font-size:11pt\"><span style=\"color:#0e101a\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Interior dwelling coverage<\/span><\/span><\/strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">: Covers the inside of your dwelling, including walls, fireplace, roof, floors, light fixtures, and plumbing system.<\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"color:#0e101a\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Assets protection:<\/span><\/span><\/strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">&nbsp;Safeguards your assets from loss or damage from perils like theft, hail, fire, vandalism, and many others.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"color:#0e101a\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Liability claims:<\/span><\/span><\/strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">&nbsp;Covers you against property damage and bodily injury that you and your family members cause to third parties. For instance, if a guest injures their leg while on your premises, condo insurance covers the medical costs.<\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"color:#0e101a\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Loss of use:<\/span><\/span><\/strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">&nbsp;This coverage pays for additional living expenses you incur while in a temporal residence while your dwelling is undergoing repairs caused by a covered risk.<\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">Because condo insurance doesn&rsquo;t cover your entire building, it&rsquo;s surprisingly affordable. If you are shopping for condo insurance, please contact Hausmann Insurance &amp; Financial Services, serving Charlotte and&nbsp;Waxhaw NC, and nearby areas, for an affordable quote.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Typically, condos are affordable compared to single-family homes. For this reason, condos are popular with homeowners operating on a tight budget or looking to downsize. While owning a condo is a significant step in your life, you need condo insurance to complete your condo ownership journey. If you are unfamiliar with condo insurance, here is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[12,11,13],"class_list":["post-28","post","type-post","status-publish","format-standard","hentry","category-condo-insurance","tag-charlotte","tag-hausmann-insurance-financial-services","tag-waxhaw-nc"],"_links":{"self":[{"href":"https:\/\/www.hausmanninsagency.com\/blog\/wp-json\/wp\/v2\/posts\/28","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hausmanninsagency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hausmanninsagency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hausmanninsagency.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hausmanninsagency.com\/blog\/wp-json\/wp\/v2\/comments?post=28"}],"version-history":[{"count":1,"href":"https:\/\/www.hausmanninsagency.com\/blog\/wp-json\/wp\/v2\/posts\/28\/revisions"}],"predecessor-version":[{"id":29,"href":"https:\/\/www.hausmanninsagency.com\/blog\/wp-json\/wp\/v2\/posts\/28\/revisions\/29"}],"wp:attachment":[{"href":"https:\/\/www.hausmanninsagency.com\/blog\/wp-json\/wp\/v2\/media?parent=28"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hausmanninsagency.com\/blog\/wp-json\/wp\/v2\/categories?post=28"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hausmanninsagency.com\/blog\/wp-json\/wp\/v2\/tags?post=28"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}