Condo Insurance Aurora

If you need to make a claim due to theft or other damage, this coverage will pay to replace your belongings.

Now, if you had to guess, how much do you think your personal belongings are worth?

The answer is vital for your condo insurance policy. When you’re choosing your coverage, you need to select a limit. This amount specifies exactly how much you’ll be reimbursed if your personal belongings are damaged or stolen.

Choose a limit that accurately reflects the value of your belongings, and you’ll thank yourself for it if you need to make a claim.

Each time you make improvements to your condo, its value goes up. Your insurance policy only protects you up to a certain amount. If the cost of property damage goes beyond that amount, you won’t be fully covered.

Why do you need liability insurance? Because accidents happen, either in your condo or when you’re out and about. Liability insurance can help you pay for legal fees and medical expenses that may arise if someone is injured in your condo or if you cause property damage to another unit.

You’ve just heard that your condo insurance claim will be covered. But what about the expenses you’ll face if your condo is being repaired?

Condo insurance covers the cost of alternative living arrangements while your unit is being repaired. You’ll be reimbursed for hotel fees and meals until you can return home.

As a condo owner, you’re responsible for common areas in the building, including the pool, elevators, and lobby. If these areas are damaged, you may be required to pay for part of the cost. Loss assessment insurance will help you cover it.

Planning to take your boat on one of Aurora’s lakes? Then you’ll need watercraft insurance. It protects your boat and protects you from liability claims.

Not all water damage claims will be covered by standard condo insurance. If you’re concerned about flooding from lakes overflowing, excessive rainfall, or snowmelt, let us know. We can see if you qualify for overland water coverage.

Sewer backups can happen when tree roots interfere with underground lines or clogs form in pipes. Not only is sewage backup a health hazard, but it also causes extensive property damage. With this optional add-on, you can protect yourself from the cost of sewer backup issues.

Working from home? Maybe you’ve decided to run your business from your condo. If so, you’ll need extra coverage for liability issues if clients visit your home, and contents coverage for your office equipment.

• Identity Theft
• Service Line Coverage
• Home System Protection/Home Equipment
• Breakdown
• Condo Unit Owners Loss Assessment
• Coverage
• Condo Unit Owners Improvement Coverage
• Condo Deductible Assessment

Give us a call, and we’ll be happy to walk through your options with you.