Buying a home is one of the most exciting times in a person’s life. You’ve saved money for years, made sacrifices along the way, and kept your eye on the prize. Now you’ve done it! Your very own condo in West Palm Beach, FL. What could be better than living and owning a home in Florida? It’s paradise!
Atlantis Insurance Inc. wants to remind all homeowners in Florida that maintaining a condo insurance policy is required here, but you may be paying for more than what you actually need.
The Right Insurance for Condo Owners
You may have purchased homeowner’s insurance as a condo owner, assuming all the coverage in the policy was also necessary for your condo. Unfortunately, this isn’t always the case. If you own a condo, the community you live in is maintained by a Homeowner’s Association (HOA) and they often cover some of what a homeowner’s policy would, like the exterior walls and common areas.
Just like homeowner’s insurance, condo insurance protects you in the event that your property is damaged or from a severe storm or other natural disaster. Living in Florida, you know the weather can often surprise us, and out of nowhere, we’re suddenly in the middle of a downpour. It can be dangerous, and you want to protect your home when these things happen.
The team at Atlantic Insurance Inc. can help condo owners to determine which policy is best for them, what their HOA actually covers, and what kind of coverage they need in West Palm Beach, FL. Don’t assume you have the coverage you need simply because you bought a homeowner’s insurance policy. Condo insurance has different requirements, and you’ll want to be fully and properly insured.