Have you recently moved into a new Berlin, CT condo? Congratulations! Here are a few tips to protect your investment. 

Get to know your HOA’s master condo insurance policy. 

A master condo policy will determine what kind of coverage you’ll want to acquire for your condo policy. Review yours to discover which type of dwelling or building property the HOA carries. There are all-in or all-inclusive policies that cover the common areas and external structures of your building and all items installed in your unit, including appliances, lighting fixtures, cabinetry, and more. These policies are excellent, but you are just as likely to discover single entity or bare walls coverage, which would only take responsibility for part of the internal structure of your unit, leaving you to pay out of pocket for any damage that occurs. 

Create or update your home inventory. 

Make use of your moving process to document your possessions to determine the coverage you need accurately. Plus, if you need to make a claim, you’ll have documentation on hand to recover your losses faster and more completely.  Take photos or videos of your belongings as you unpack and consider using a home inventory app to make it easier to store and update your inventory. 

Learn about ‘scheduling’ items. 

Many of us have at least one high-value item in our homes. For you, this might be artwork, jewelry, luxury clothing, electronics, or firearms. Whatever it is, make sure you include that in your inventory and talk to your insurance agent about possibly getting additional coverage to protect more expensive items. 

Look Beyond Basic Condo Insurance. 

You may need to consider additional coverage. Some likely options include flood insurance and water backup coverage. If you are a snowbird, you might want to discuss vacancy coverage for the months you are away from your home. The best way to determine your needs is to call or stop by the Bogden Insurance Agency today.