Condos are a great way to break into the housing market in Marshall, MI. A condo certainly is a home, but condo insurance is not the same as home insurance. Knowing what is covered and, more importantly, what isn’t covered, is vital for your peace of mind and protection. At Great Michigan Insurance, we have a team of agents who know condo insurance and can help ensure that you have the coverage you need.
The exterior of your condo
Your condo insurance does not cover the exterior of your condo. That is covered by the master policy that your condo association carries on the complex. How far it covers the building differs from policy to policy. It is vital that you read your policy from the association so that you have the right coverage when you purchase your personal condo insurance.
Termite damage is considered owner neglect, and depending on how deep into the building the condo association policy goes, they may be responsible. This is another thing you need to double-check to make sure if you should be doing the termite treatment.
Floods are not covered by condo insurance. If you live in an area where there is the potential for a body of water to flood your unit, you should have additional flood insurance through the NFIP.
Your condo insurance policy does not cover any earth movement. That includes not only earthquakes but also sinkholes, mudslides, and landslides. As long as the earth is moving, it isn’t covered.
If your sewer backs up into your unit, it will cause a very disgusting mess, and even more upsetting is that your condo insurance won’t cover it.
Contact Great Michigan Insurance in Marshall, MI to get the condo insurance coverage that your home requires.