Condo Insurance Quotes, the reason
Now that condos are becoming a more popular idea due to the growing number of the people retiring, getting divorced or entering the workplace, it is important to get the best condo insurance quote. If you’re moving away from buying a house, this type of insurance will seem familiar as you probably needed homeowners insurance. But now, you will need condo insurance to protect the belongings in your new condo. You will have to protect yourself from those above and around you. And, in the worst case, to protect you of hidden costs from condo issues that may occur if something happens and you damage the condos below you.
Yes, think of condo insurance in the fact that you’re not only protecting your belongings but from damage to others around you. A story I heard the other day. A friend of mine had moved into a rental property. They had two cats. One night they went to bed to awake to 2 inches of water on the floor. Apparently, the two cats had been playing around the faucet. Somehow, they had bumped the faucet and turned it on. To their dismay, the water ran all night long and flooded the apartment. What happened was the water leaked through the ceiling. The water that passed below damaged the furniture and expensive paintings on the wall of the apartment below them.
How to get the best condo insurance quotes
As with all quotes, it’s best to contact at least 3 different companies to get a quote. I always went with some of the most well known. I don’t mess with those unnamed companies only because I don’t want to be the one to discover the bad company in the group. So, choose an established company.
Once you have at least 3 condo insurance quotes, contact your auto insurance company. A lot of times, if you get multiple policies through a company you will get other disounts. And, if you purchase a condo, your auto insurance company may reduce your auto insurance because you are now established. Owning property reduces the costs of auto insurance.
Next, check with your friends. You will be surprised to know how many of your friends have condo insurance. Ask them if they have ever had any issues with their carrier. Do they have any stories? Also, do they have any issues where their HOA didn’t have a good relationship with some insurance companies. In fact, if it’s possible to find out who your HOA uses for condo insurance, check with them first.
So, as always, even though this process will not take long just a couple of phone calls. Check around to get the best condo insurance quotes.