Condos are a great alternative to buying a home or renting an apartment. Hignojos Insurance Agency, we only go for the policy that favor and protect you at all costs. Your peace of mind and financial security are our priorities. Condo insurance is a type of insurance that protects you from any loss or damage to a condominium unit. It is also known as H-06 insurance.
Most condominium associations have their insurance policy, but their insurance policy may not cover you completely. Professionals recommend that you get insurance designed to protect your personal belongings and your unit from any damage or disaster.
Condo insurance usually covers the following.
- Theft
- Fire damage
- Vandalism
- Damage caused by storms
- Smoke
- High wind
- Lightning strikes
- Frozen pipes
Condo insurance also provides personal liability protection. If someone is injured in your condo unit: your insurance policy will help you pay for their medical treatment. Although condo insurance isn’t required by law in Texas, your bank might require it if you have taken out a mortgage on your condominium until you can complete your loan payment.
The cost of condo insurance is determined by a variety of factors, some of which are:
- The size of a condo in square feet
- The value of your personal property
- Your neighborhood’s crime rate
- Weather risk
- The amount of liability coverage you need
Hignojos will help you set up the most flexible condo insurance to protect you any day. We are always ready to help you. Get in touch today!
