As a condo owner, you’re in a unique situation. You have both individual and common insurance needs.
Individually, you need to protect your personal property, and you also need protection from liabilities and additional assessment fees. With your fellow condo owners, you share certain responsibilities, such as building upkeep, as well as common liability.
If a guest or family member is injured on your stairs, would you be able to pay the medical expenses? If lightning causes damage to the exterior portions of your condominium building, will your association carry enough insurance to repair everything? If a storm causes your condo to be uninhabitable, are you prepared to pay for the additional living expenses?
Assured Insurance Services can help you find the right balance between the protection you need both as an individual property owner and as a fellow condo owner.