Get the Right Amount of Coverage at the Best Price
The more information you provide your agent, the better we can assist you in creating a policy that’s right for you. It is always advantageous to use the same insurer for both your condo insurance and vehicle insurance. This allows you to maximize the discounts offered by the insurer.
Extra Coverage Doesn’t Have to Cost a Lot
Many people supplement their tenant insurance coverage with personal umbrella liability insurance for broader protection. If you have high value possessions such as jewelery, art, antiques, or collectibles these items can be subject to special limits of insurance and it is always recommended to schedule these articles on your tenant policy.
Coverage C: Personal Property
You can put any amount you like in this section. We recommend an annual inventory of your possessions and to store this document in a place other than where you live. This process also makes process of determining the amount of insurance you require more accurate.
Most tenant insurance policies have a replacement value clause on the contents, which means that damaged or destroyed goods, whether they are clothes or accessories; will be replaced with new, comparable items.
Coverage D: Additional Living expenses
If your residence becomes uninhabitable following a covered loss, your tenant policy can cover the additional living expenses while you wait for repairs to be made or until you return to your residence.
Coverage E: Legal Liability
This part of the condo insurance policy covers you for bodily injury or property damages that a third party may suffer as a result of your negligence. The amount of the liability is the amount covered up to the limit of your policy in the event of legal proceedings brought against you.
Coverage F: Voluntary Medical Payment
The condo policy covers medical expenses for minor incidents that can occur on your property. This covers the medical expenses incurred by or for the victim of an accident resulting from personal activities on the insured premises. Even if you are not liable, you can make a claim under this coverage. There is a maximum amount payable by the insurer, which can vary from one company to another.
Coverage G: Voluntary Payment for Damage to Property
This section of the policy covers accidental material damages caused to the property of others, provided they result from your personal activities or they occur on the insured premises.
Even if you are not liable, you can make a claim under this coverage. There is a maximum amount payable by the insurer, which can vary from one company to another.
