Condo Insurance in Florida
Currently living in a condo? Or, are you renting your condo? It's not uncommon for property owners in Florida to have condos as a primary residence, second home or rental property.
According to the American Community Survey (ACS) conducted by the United States Census Bureau, nearly 1,194,747 people in Florida live in apartment/condos with 20 or more units.
As you might already know, living and renting a condo presents specific needs.
While your association might carry a master condo policy that provides coverage for the building exteriors and common areas (tennis courts or swimming pool, gym, etc.) as a renter or condo owner, you are generally responsible for your personal possessions, both inside and outside of the individual unit.
At Pettineo Insurance Agency, we offer condo policies with coverage that matches the needs of our clients.
Here are some general insurance coverage's to be mindful of as a condo owner, or renter:
Personal property coverage: Coverage for your personal belongings (such as furniture, clothing, jewelry, electronics, and entertainment equipment) in the event of loss or damage.
Personal liability: Accidents happen! Personal liability coverage protects you when claims are filed against you as a result of accidental injuries to others. It also protects against unintended property damage caused by you.
Additional living expenses: Pays necessary living expenses while your condo is being repaired from a covered loss.
Medical payments to others: Coverage if someone is injured on your property.
Rental to others coverage: Necessary if you rent your condo to others.
Don't forget - Florida condo insurance differs from homeowners insurance as the condo building is covered under a master policy.
Before purchasing condo insurance, it's important to learn what parts of the interior that is not covered by the association's policy and what you'll be responsible for.
If you're interested in obtaining a condo insurance policy, or have questions about specific coverage's, contact the Pettineo Insurance Agency at 954.493.9424 or visit our website, pettineoinsurance.com
Pettineo Insurance Agency Inc. provides condo insurance in Fort Lauderdale, Lauderdale-By-The-Sea, North Lauderdale, Pompano Beach, Oakland Park, Boca Raton, Deerfield Beach, Hollywood, Sunrise, Coral Springs, Pembroke Pines, Sunrise, Tamarac, Plantation, Lighthouse Point and all of Florida.
