Condo insurance is a type of coverage designed specifically for condo owners. Since these homeowners don’t own the building or any property outside of their four walls, it is considered a “walls-in” policy, meaning that it covers the interior walls of your unit and what is inside. It safeguards you from dealing with the aftermath of fire, theft, storms, and liability issues alone.
Condominiums, or condos, are the perfect blend of luxury and affordability. Want a pool but don’t want to maintain it? Like a lawn but hate picking weeds out of the landscaping? Condo living may be for you. However, it also comes with unforeseen risks that many homeowners overlook. Condo insurance in New York, otherwise known as HO6 insurance, can be there to save the day when disaster strikes.
At Singh Agency, we can help. With years of experience aiding condo owners, we take the time to understand your unique risk profile, budget, and lifestyle. Tailoring coverage around your needs, you have peace of mind that you’re adequately protected.
Medical Payments
Medical payments to others help to cover medical expenses relating to minor injuries that happen within your condo. This can kick in no matter who is at fault.
Personal Liability
This protects you by helping to pay for medical bills and legal costs for injuries that occur within your home that you are held liable for.
Loss of Use
If your condo cannot be lived in after a disaster, you will receive financial help to temporarily live elsewhere.
Personal Property
It protects your beloved possessions within your home, such as furniture, electronics, and clothes.
If you own items of high value, such as jewelry, fine art, or cameras, you may want to add a rider that protects these possessions.
Your HOA may cover common areas and the property your place is on, but it won’t protect the unit itself or your possessions. If you live in a condo, make sure you secure the right coverage.
At Singh Agency, we believe insurance is meant to help people in their time of need. We don’t sell a physical product but a responsibility to get you back on your feet.
