Many new condo owners are under the impression they do not need any type of condo insurance in Cape Coral. While it is true the condo association will provide some of the benefits found in traditional home insurance plans, the scope of that coverage will vary greatly. Rather than taking any chances, it pays to invest in a personal condo policy that will pick up where the coverage provided by the association leaves off. Obtain a Copy of the Coverage Provided By the AssociationThe first thing to do is obtain a written copy of the coverage provided through the Association. This will help the condo owner have a good idea of what types of protections are already in place and what the limits on those protections happen to be. That information will form the basis for evaluating any options for supplemental Condo Insurance in Cape Coral that may be needed. Talking With an AgentWith the details about the association coverage in hand, sit down with an experienced agent. Go through the details of what type of protection is already in place.
From there, it will be easier to identify policies that will round out the scope of coverage and make sure the owner is covered in just about any situation. For example, the coverage provided by the condo association may or may not include protections that cover damages caused when the owner allows the condo to be rented out for a weekend. If that is the case, then the owner will want to include that coverage in any supplemental policy. Doing so will mean that if the condo owner wants to rent out the condo while he or she is out of town on business or on a vacation, it is possible to do so and know the property is adequately protected. Remember, the ultimate goal is to make sure there is always enough protection to undo the damage sustained by some sort of covered event. That includes replacing items that are stolen, damaged due to certain weather conditions, and even any damage that occurs due to negligence on the part of the association. Look closely at the terms of the insurance contract, and make sure the coverage is enough. If not, then it is time to go out and seek additional coverage from an independent source.
