Condo insurance is a must for every condo owner. This type of insurance is going to be required by both your lender and your condo board. Without this insurance, it could be financially devastating if there is a damaging event. With condo insurance, you get several types of coverage in the policy that will each protect you differently. To get started with a policy, call us at Kinowski Agency Inc. in Amsterdam, NY.

Dwelling Coverage

Part of the protection you get in condo insurance is for the dwelling itself. The policy will cover the portions of the condo that you own rather than the entire building. Any outside walls won’t be covered, as the condo board insures those areas. This coverage pays for the damage that certain events can cause to the dwelling.

Possession Coverage

This insurance also covers your possessions inside your home. If a damaging event causes damage to your belongings, the policy can pay for those items to be repaired or replaced. This is important coverage to have with the high cost of the possessions in a home. Just one room of belongings can cost many thousands.

Liability Coverage

Condo insurance also covers your liability in your home. Suppose someone were to have an accident while in your condo; you would be liable for their expenses afterward, such as medical bills. Without condo insurance, you’d have to pay all those expenses, including lost wages, out of your pocket. Always keep condo insurance in place in case of any accidents.

Get Condo Insurance in New York

When you need condo insurance, we’re here! Call Kinowski Agency Inc. in Amsterdam, NY to get started with a plan or to learn more about condo insurance.