Condominium living is the perfect solution for many individuals and families, and often the first step toward home ownership. One very important factor in condo living is maintaining insurance, as it ensures your financial well being by protecting your assets from liability, lawsuits, and disasters in Arizona. Prime Choice Insurance & Financial Consultants LLC can answer the question:
Condo insurance is a set of policies specifically designed to protect you from the most common risks associated with living in a condominium. A typical insurance policy may include the following:
No matter whether you own or rent, you need condo insurance. If you own your condo, your lender will require insurance until the loan is satisfied. While insurance isn't required by law for renters, because landlord insurance doesn't typically cover personal belongings, it's smart to have renters insurance to protect your assets. Additionally, landlord insurance doesn't provide you with protection from lawsuits or liability.
Protecting your assets and finances with a condo insurance policy is essential, and it's critical that you have a professional by your side to ensure you get coverage designed for your unique situation. Your Prime Choice Insurance & Financial Consultants LLC agent is always available to help you find the perfect policy. Give us a call today.