Condos are a wonderful place to call home in Tallahassee, FL. Typically, condo communities come with a variety of perks, such as a community pool and fitness center, playgrounds, recreational centers, and more. No question that living in a condo is a popular choice, and that’s why it is important to protect your condo with condo insurance. Read on to learn about three reasons why you should have condo insurance in Tallahassee, FL.
1. Condo Insurance is Required by Your Lender
Just like a mortgage for a single family home, a condo mortgage is required by law to have condo insurance, otherwise, the bank will not lend you money to purchase a condo. The bank requires condo insurance to protect the asset on lien – your condo, in the event the asset is compromised.
2. Condo Insurance Covers Theft
If your condo is broken into by thieves who make off with your belongings, your condo insurance will help recoup the cost of the stolen items after you have paid the agreed upon deductible stated in your policy. It’s important to have a list of the items stolen along with their value to present to your insurance company for a claim.
3. Peace of Mind
Knowing that your condo is protected with condo insurance will give you the peace of mind you need to enjoy this valuable asset that you call home.
To learn more about buying condo insurance, contact the Kingdom Tree Insurance Group at 855-750-9942. The friendly insurance agents at Kingdom Tree Insurance Group will answer all of your questions about condo insurance and help you find the best policy for your needs and budget. Call today!