We are wise about condo insurance in Boston MA and what you need to protect your investment.
So, what brings you to BostonInsurance.com looking for Condo Insurance? Perhaps you’ve saved enough money to make your first big financial investment or maybe you’ve decided to downsize and move from that big house in the suburbs into an urban community. Also a possibility, you’ve realized your current relationship with your condo insurance provider just isn’t a mutually rewarding one! No matter what brought you to us, we’re glad you’re here. We are Boston’s hometown team for condo insurance in the city and the surrounding communities and we are wise about what you need to protect your investment.
What do you need to know about each of these insurance types? Legally your condo association has to take out a Master Insurance Policy to protect their investment but this will cover only a portion of your condo. For example the Master Insurance Policy typically covers the building structure and the exterior of your unit. What happens from the walls in is all your responsibility. So, if a pipe bursts in the unit above yours or a toilet leaks and damages your walls or ceiling, then you and your neighbor are both responsible for the repairs and the subsequent claims to your insurance company.
A typical Condo Insurance policy in Greater Boston will cover:
Car Insurance – Many carriers will offer you a discount, sometimes up-to 20%, when you bundle your condo and auto together with one carrier.
Scheduled Personal Property – Take a home inventory of your jewelry, art and collectibles, then have them appraised and insured. A typical condo insurance policy will not cover the full value of these items if stolen or damaged.
Personal Umbrella Policy – Many people think an Umbrella policy is only for high-net-worth individuals. An injury that takes place in your condo, such as a dog bite or from an accident you’ve caused, may not be adequately covered by your standard condo insurance policy. A claim from one of these occurrences can wipe out your savings and leave you financially devastated.
Call BostonInsurance.com today at (617) 825-3900 to learn more about condo insurance and all our personal insurance options or fill out the form to the right and a member of our team will be in touch with you shortly.