How is condo insurance different from home insurance?

Owning a condo in Oviedo, FL puts you in the perfect place to enjoy Central Florida. Located just 35 miles northeast of Disney World and 30 miles from sandy Atlantic beaches, you have an ideal location. But, like owning any home, a condo in Oviedo comes with plenty of worry and things that you need to care for. Condo insurance may be something that you know little about, and how it is different from home insurance may be confusing. The knowledgeable agents at The Wurzel Agency are ready and able to answer any questions that you may have. 

The significant difference between home insurance and condo insurance is that home insurance includes the entire home, inside and out. Home insurance covers the main structure, exterior attachments like a garage or deck, and also any other structures in your yard such as a shed, detached garage, or casita. When you own a condo, the condo association will have a master policy that covers the exterior of the building. This includes the roof, walkways, common areas like a pool or a gym, and the parking lot. They repair or replace wear and tear and also damage caused by covered perils. Their insurance, however, does not cover the interior of your unit. 

Condo insurance covers your personal property and also offers liability coverage. With a quality condo policy, you will also be covered for loss of use if the condo is damaged so severely that it is not habitable. It will pay for you to stay somewhere else until your unit gets the okay for you to move back in.

If you are a new condo owner or are considering changing your condo insurance coverage, The Wurzel Agency in Oviedo, FL is happy to talk to you about the perfect coverage for your unit.