The Basics of Condo Insurance in Berlin, CT: What’s Covered and What’s Not

Investing in a condo is a significant decision, which is why protecting your new asset is just as crucial as selecting the right unit for your needs. When investing in a condo in Berlin, CT, choosing the right condo insurance policy is vital. At Bogden Insurance Agency, we’re here to help you better understand what’s covered and what’s not when it comes to finalizing your decision on your condo insurance policy.

What is Covered?

When investing in condo insurance, the following is typically covered:

• Personal Property: Personal furniture, electronics, clothing, and belongings are typically covered with traditional condo insurance.
• Liability: Liability coverage protects you from legal and medical bills due to property damage or bodily injury in your condo.
• Interior: Condo insurance typically protects against alterations and improvements needed inside, such as new cabinets, fixtures, and even new flooring.

What’s Not Covered?

• Structure: The building structure of your condo is not typically covered with traditional condo insurance, which often falls to the condo association.
• Flood: Flood damage is not often covered by a traditional condo insurance policy. Most flood policies are provided via private insurers or the National Flood Insurance Program (NFIP).
• Earthquakes: Earthquake damage coverage is not typically included with standard condo insurance policies.
• Negligence: Negligence and/or intentional acts, such as failing to maintain your condo, are not covered.

Protecting your valuables, property, and entire investment in a condo is imperative, whether you’re a serious property investor or purchasing your first residence. Anytime you invest in a condo in Berlin, CT, protecting your investment with the right insurance policy is key. To learn more about your options and the basics of condo insurance (including what’s covered and what’s not), contact Bogden Insurance Agency today.