Switching Your Homeowners Insurance to Condo Insurance

Are you downsizing from a home to a condo in Florida? If so, you are probably dealing with many changes, including deciding what stays and what goes. But have you thought about your homeowners insurance and how that changes when you move to a condo?

Here are 3 things to keep in mind when changing your homeowner’s insurance coverage to condo coverage:

• What does your condo’s Master Policy say? – Every condo community has a Master Policy. It dictates what you pay for in your monthly association fees and what you’re responsible for, among other things. It’s good to be familiar with your condo’s Master Policy.
• How much coverage do you need? – Review your policy for changes that are occurring as a result of your move. Your assets and your new surroundings, among other factors, will determine how much coverage you’ll need.
• Do you still need liability coverage? – Short answer, yes. Because guests in your condo could still get hurt, or your dog or cat, if you have one, could still bit someone.

These are just a few of the many questions you need to ask your licensed public adjuster when you sit down to review your new condo insurance policy. Take the time to review everything to make sure your coverage is what you need for your lifestyle, location and assets.

For over 10 years, Advocate Claims public adjusters have been helping condominium owners and associations get the condo insurance claim settlements they deserve. If your condo has recently suffered damages, Advocate Claims can help. Contact our public adjusters today at 954-369-0573 to speak with a licensed public adjuster about the insurance claim process and what we can do to help.