While condo insurance in Marshall, MI and the state is not required by law, it’s a great way to provide peace of mind on your investment. Great Michigan Insurance team is here to help with any questions or concerns you have about purchasing condo insurance.
What Does Condo Insurance Cover?
Coverage can vary depending on the development and whether there is a condo owner’s association involved. Additionally, if you used a lender to secure a loan to purchase your condo, chances are good the lender will require condo insurance to protect the interior of the home. Typically, COA (condominium owner’s association) will cover damage or repairs to the exterior of the condo.
So, the exterior of your condo is most likely covered. However, the condo insurance you purchase on top of that can provide protection for the belongings that you store inside the home. This includes personal property, computers and devices, furniture, appliances, and more. Should your belongings be stolen or damaged, condo insurance can cover these unfortunate situations.
Whether you’ve purchased a condo for your primary residence or as an investment property, insurance is essential to protect this valuable investment. You may never need condo insurance, but having it will give you invaluable peace of mind. We can’t predict or plan for weather damage, burglaries, or natural disasters, but things happen and the best thing you can do is to be prepared.
Failing to invest in condo insurance can result in financial ruin if you are forced to pay out of pocket for repairs or replacements in any unfortunate scenario. Condo insurance allows you to enjoy your home or investment property without the stress of worrying about what could happen.
Questions about condo insurance in Marshall, MI? Contact Great Michigan Insurance today!