Condo Insurance in Pennsylvania
Getting Condo Insurance in Pennsylvania
Condo insurance in Pittsburgh, PA is slightly different than getting insurance for a single-family home. Before you get your own condo insurance, you need to understand the master policy. Since the ownership of the common area is shared with the other owners, your association will purchase insurance coverage for these areas. The policy will outline what is covered. There are three different types of coverage typically found under a master policy. It can cover the common areas and primary buildings, your unit, and items within your own unit with the exception of personal belongings, or your building, unit, and fixtures. It also helps to know what the master policy deductible is since this can be a big financial commitment if an assessment is levied on homeowners and you may want coverage to help you pay for this. An agent at Affinity Insurance Partners can help you determine what your master policy covers and what kind of individual coverage you need.
What Does Condo Insurance Cover in Pennsylvania?
Once you know your master policy, it’s time to get individual coverage in Pittsburgh, PA. Condo insurance does cover some things similar to home insurance, such as your personal belongings and liability. Personal liability coverage is necessary in case someone is injured while visiting the condo and you are found at fault or if you accidentally damage someone else's property. Guest medical coverage can pay for related medical treatment for someone injured at your condo, even if you aren’t at fault. Building property protection can pay for repairs to items, such as fixtures and built-ins if these are not covered by your master policy. Personal property coverage will come in two different forms: replacement value and actual cash value. Replacement cost coverage will give you more since it doesn’t consider depreciation. There will also be limits on both so be sure you get enough for your belongings.
Contact Affinity Insurance Partners to get a quote on condo insurance.