Condo Insurance in Ohio
When you own a condo, you own everything inside the outer walls of the building, but not the building itself. This means you will need insurance to protect your belongings. The association or the owner may have insurance, but that is just for the outer shell of the building itself. The Chris Arnott Agency Inc in East Liverpool, OH is here to help Condo owners in Ohio get the insurance they need.
Getting condo insurance can get complicated as there are several things to consider. There is of course liability, which is a good thing to have. You also need insurance on your belongings. Many people do not realize how much stuff they own, and what it would cost to replace everything in their condo. You may get as much coverage as you like, but you will need to be able to prove you had those possessions. Keeping receipts, and even lists is a good idea. If you have some very valuable items, it is good to let your insurance agent know that as well.
Condo insurance is a lot like renter’s insurance in that it is coverage for your belongings and not the building itself. One thing to keep in mind is the difference between replacement cost and fair market value. You may choose one or the other and that will affect your rates. If you have a couch that cost $1,000 ten years ago, that couch is not worth that much today. Fair market value would pay you only what it is worth today, but replacement cost would pay the cost of getting a new similar couch.
There are a lot of options when it comes to condo insurance in Ohio, Pennsylvania, West Virginia and Georgia. Call the Chris Arnott Agency Inc in East Liverpool, OH today and set up an appointment to discuss your insurance needs with our professional staff. You may visit us in person or give us a call. We can help you find the insurance that will meet your needs for your condo.