As a landlord with an Alabama condo, you should protect your investment. Condo insurance policies can give you peace of mind by knowing your property is fully covered in case of fire, theft, or other unfortunate events.
But what should you look for in a condo insurance policy? Surety Ins Inc. wants you to be informed when selecting coverage.
Here are some key components to consider:
Whether insuring your own unit or the entire building, ensure that your policy covers the building itself from various perils, such as fire and vandalism. Your policy should also cover any additional structures associated with the building, such as a swimming pool or parking garage.
Personal Property Coverage
It’s also essential your policy covers personal property items like furniture and electronics in case of theft or damage. Make sure to inquire about specific coverage limits for each item.
Damage Protection from Neighboring Units
You should also ensure that your policy provides coverage for any damage incurred by neighboring units in the building. Most policies will cover sudden and accidental damage, but it’s important to read the policy details to ensure you are adequately protected.
Your condo insurance should also provide liability coverage if someone is injured on your premises or by your property. This can include medical costs, legal fees, and other damages related to the injury.
Contact Us Today
No matter what type of condo insurance policy you choose, ensure that it includes all the coverage points outlined above. Researching and understanding your policy requirements can help protect your investment for years to come.
At Surety Ins Inc., we understand protecting your rental property is of utmost importance. Contact us today to find out how we can help you get condo insurance coverage for your Alabama property.