Condo living offers a viable alternative to traditional homeownership for many residents of Mississippi. If you do purchase a condo, don’t forget to protect your investment with condo insurance. Most condos come with a master insurance policy that covers damage to the building and common areas. An individual condo insurance policy from Maxwell Insurance Group, Inc. in Mississippi will protect your personal unit and its contents. Here’s what you should know about condo insurance coverage.
Standard condo insurance offers the following coverage:
Typically, property and building property coverage protects you against such perils as theft, vandalism, fire, smoke damage, storm damage, falling objects, and other disasters. It’s important to note, however, that flooding isn’t covered by condo coverage. You can, however, protect your unit from flooding by purchasing separate flood insurance.
By investing in condo insurance coverage, you do your part to protect your valuables and home from unforeseen disasters. To learn more about condo insurance policies and costs in Mississippi, contact Maxwell Insurance Group, Inc. today.