Condo Insurance in Virginia

PARR INSURANCE SERVICES OFFERS CONDO INSURANCE

Many individuals are opting for condominium living instead of the responsibilities of a single-family home. Because of their structures, condos require a different type of insurance to cover hazards that may occur. At Parr Insurance Services, we can help to acquire the condo insurance you need to prevent severe financial loss from unexpected events.

WHY YOU NEED CONDOMINIUM INSURANCE COVERAGE

Owners of condominiums generally hear about their community’s master plan insurance and believe it will cover them when an unexpected event occurs. However, your condo association plan only covers materials and structures from the walls outward. This would include building exteriors and common areas that all occupants share. The master plan does not cover anything within the walls of your condominium, which means you are responsible for the cost of restoring and replacing everything that is lost or damaged. To fully protect you against financial loss, you need a condo owner's insurance policy that provides additional coverage.

WHAT CONDOMINIUM INSURANCE COVERS

Individual condo insurance covers items from the walls inward. Your personal possessions, such as furniture, rugs, clothing, and electronic equipment, are covered, as well as stand-alone appliances you may have within your unit. Many condo insurance policies also include personal liability insurance to cover damage to the property of others or injury to others while on your property. Your policy may also cover living expenses if you cannot reside in your condo while repairs and restoration are being done. If you have a mortgage, your financial institution may require you to have individual condo insurance.

CHOOSE PARR INSURANCE SERVICES FOR CONDO INSURANCE

Our experienced agents can answer your questions about condominium insurance and the levels of coverage that may be needed. We offer a variety of insurance products for home, auto, life, and umbrella policies. Contact Parr Insurance Services today for a free, no-obligation quote on condo insurance to protect your property.