Condo Insurance

All kinds of incidents can lead to financial strain and stress. Many of these stresses can happen in your home. While you want your condo to be a safe space, problems like natural disasters or property damage can reduce your sense of security in your home. When you have a condo, you want to know that you have coverage for accidents or disasters. Jet Insurance Group is here to help you understand how our condo insurance can offer you different coverage levels for your condo in Texas.

The Importance of Condo Insurance

Under Texas law, homeowners are not required to have home insurance. However, for most homeowners, including condo owners, having home insurance is prudent. Although your condo association has its own policy, this policy only covers exterior structures of the condominium building. You are responsible for protecting whatever is within your condo unit. For example, if someone steals from your unit, a condo insurance policy will cover the damage done within the parameters of the policy.

What Condo Insurance Covers

Condo insurance usually has six features; what is covered will depend on the policy you choose. By understanding the key components of condo insurance, you can make a better choice for your condo coverage.

The six coverages for most home policies are:

• Dwelling coverage focuses on the home itself. Depending on the nature of the damage, some dwelling coverage expenses may be covered by the condo association's coverage.
• Other structures are also covered under condo insurance, but these types of coverage more often apply to freestanding homes more than condos.
• Personal property coverage is one of the most useful coverage for condo owners because it protects your personal property if it is damaged, destroyed, or stolen.
• Living expenses coverage helps condo owners with additional living expenses that they have to pay while their home is being repaired. Food, rent, and other expenses can be included.
• Medical payment coverage can cover medical bills when someone is hurt within your condo. It can even help with some accidents that hurt outside the property.
• Personal liability coverage helps in cases where you have lost wages, medical bills, or other expenses related to people you are responsible for injuring. It can also help if you damage another person's property and are held liable.

Condo insurance helps you protect your assets and decrease your risks so you know that no matter what happens, you can deal with the challenges that life puts in your path.

Choose Insurance You Can Trust

Jet Insurance Group helps people across Texas get the new insurance policies they need. Contact us to learn more about our condo insurance options. You can use our quote tool to understand better what you can expect to pay under your circumstances.