Condominium associations should carry an insurance policy that covers injuries and accidents in the condo’s common areas, as well as coverage for damage done to the building’s exterior. But that’s as far as damage or loss protection goes. Associations can make assessments to unitowners for property and liability losses. All condo owners should be sure that their policy includes appropriate coverage for such possible assessments.
That’s why it’s important for condo owners to protect themselves with policies that cover the interior structure and content, as well as liability claims that may arise from injury inside their unit. Condo insurance can also extend coverage to any additions, alterations and improvements made to the unit that are the owner’s responsibility per the association agreement.
While standard condo insurance covers loss or damage due to specified perils in your policy, supplemental coverage to pay for any flood damage or protect valuable articles should also be considered.
First Baldwin Insurance offers Condo Insurance across the Gulf Coast in the cities of Foley, Orange Beach, Gulf Shores, Fairhope, Daphne, Silverhill, Spanish Fort and Mobile, Alabama.