Condo Insurance in California
Although a condo isn't a conventional home, per se, condo owners are still required to carry condo insurance on their unit. This is particularly true if you have taken out a mortgage to pay for your condo. Condo insurance is designed to cover the interior of your condo and not the public area outside of the confines of your particular unit. However, some condo owners may be required to pay condo fees that go towards the upkeep and repair of the condo's exterior.
Understanding Condo Insurance Requirements
As a resident of California, it's a good idea to familiarize yourself with your homeowners/condo association. You need to know what you are responsible for and what they are responsible for. This should be your first step while reviewing your choice of condo insurance policies. You need to know where your liability ends and where theirs begins. Visiting with a Dynamic General Insurance Services representative in Cathedral City, CA can help clear any confusion you may have about what's required by California law and what's not covered.
What Does Condo Insurance Cover?
Condo insurance is considered H06 insurance. This form of insurance specifically covers damage to the walls floors and fixtures inside your condo. In essence, it covers the structure of your condo. However, this coverage also includes cabinets and flooring. Damage to appliances is usually covered, also. This form of insurance usually covers liability risks, as well. This coverage applies to the interior of your unit and not the exterior. However, before you decide on a condo insurance policy, thoroughly review your condo association policy. California residents should also pay attention to any area-specific policy requirements when choosing a condo insurance policy.
It's a good idea to familiarize yourself with the ends and outs of condo insurance. The best way to do this is by calling a Dynamic General Insurance Services representative. A representative can clearly outline what condo insurance will cover as well as any state requirements. Give us a call or visit our office in Cathedral City, CA.
We look forward to helping you understand and choose the best insurance policy.