Gulf Coast Coverage Fundamentals
Wherever your condo may be in Florida, be it along the Gulf Coast or near Tampa Bay, including St. Petersburg, Pinellas Park, Anna Maria Island, St. Armandas, St. Pete Beach, Tierra Verde, Treasure Island, Holmes Beach, Madeira Beach, Indian Shores, Indian Rocks Beach, Anna Maria Island, and Siesta Key, Florida, it's important to make sure you have the right coverage. If you live in a condominium, your Condo Association probably provides some level of rudimentary insurance coverage. Typically, such coverage is limited to one of the following three types of policy:
• Coverage for the complex’s primary building and common areas
• Coverage for each building and for items within each unit considered to be property of the condominium complex
• Coverage for each building, each individual unit, and for any fixtures or improvements to the unit made by the occupant
This usually and basically means the building's exterior is covered by the Condominium's Association, but you are still responsible for the contents inside. This is where Llewellyn Insurance Services comes in.
Liability Coverage in Tampa Bay
Condo Association coverage typically does features a small level of personal liability coverage. For most occupants, however, this coverage won’t offer sufficient protection against every possible liability.
For example, if one of your guests suffers an injury or property damage while in your condo, association condo coverage may not be sufficient to cover the damages—especially if you get sued and end up having to pay costly medical bills. Additionally, condo occupants themselves get no coverage at all for injury or property damage.
Know Your Condo Association Coverages
If you’re a condo owner, it’s crucial to know the types and amounts of courtesy coverages provided by your condo association. Understanding those built-in coverages will help you make informed choices regarding condo insurance and the coverages you need from Llewellyn Insurance to gain maximum protection.
Condo Insurance Protects Your Assets
For most people, buying a condo represents one of the largest investments they’ll ever make. You wouldn’t dream of carrying insufficient coverage on your house, and sufficient condo coverage is just as important. Without it, you stand to lose almost everything in a disaster. Like solid home insurance, a comprehensive condo policy protects your assets, allowing you to more-easily recover and get back to a normal life when disaster strikes.
What Does Condo Insurance Cover?
With sufficient condo coverage, you can protect your condo from fires, wind and hailstorms, lightning strikes, theft, and other events not covered by the condo association coverage. Without the proper insurance policy from Llewellyn Insurance Services Inc., can you afford to rebuild the interior of your condo from scratch? Your policy through Llewellyn Insurance Servies will help assure you can cover the cost of repairing or replacing items following a covered incident.
What Are Condominium Insurance Exclusions?
As with home insurance policies, condominium insurance doesn’t cover specific peril types:
• Earthquakes and mudslides
• Natural deterioration and neglect
• Birds, rodents, insects, and domesticated animals
Multi-Policy Condominium Insurance Discounts
If you purchase condo insurance through Llewellyn Insurance, you may be eligible for discounts if you’re an existing Llewellyn Insurance Services policyholder. Whether you’re an existing customer with Llewellyn Insurance or not, ask about multi-policy discounts when you bundle condo insurance with any of our other policies.
Contact Llewellyn Insurance Servicesfor a Free Condo Insurance Quote in Tampa Bay
If you’re shopping for condo insurance anywhere in Florida, including St. Petersburg, Pinellas Park, Anna Maria Island, St. Armandas, St. Pete Beach, Tierra Verde, Treasure Island, Holmes Beach, Madeira Beach, Indian Shores, Indian Rocks Beach, Anna Maria Island, and Siesta Key, Florida, we’d be thrilled to hear from you. As an independent Florida insurance agency, we offer free, comparative quotes on Condo Insurance from multiple topnotch insurance carriers, meaning you’ll get the best possible rate. Our ability to comparison shop on your behalf will save you lots of time, too!
If you’re ready to see how much we can save you on condominium insurance, call Llewellyn Insurance Services Inc. today at 727-894-5555! For a free online condo insurance quote, fill out the quote form on this page!