Full, All-Inclusive Condo Insurance
Need condo insurance in Ohio? Don't leave it up to the Homeowners Association. Call Otto Insurance Group today and speak to a team member about securing condo insurance.
Secure Your Humble Abode With Condominium Insurance
A condo is a great alternative to renting an apartment or buying a full single-family home. They also come with their own insurance needs.
What is Condo Insurance?
Condo insurance, or HO-6 insurance, covers damage, losses, and repairs to your condo and your personal belongings. This includes things such as theft, water damage, fires, and more.
Condominium insurance also covers you in the case of a liability claim and covers additional costs for relocation expenses.
Who Needs Condo Insurance?
While you don't own the land the condo sits on, you're still responsible for your unit and personal belongings. Your Homeowners Association's insurance policy won't extend to your belongings, interior fixtures, or liability claims.
If you've been searching for Ohio condo insurance, the search is over. Call and get a free quote today.
Position, Company name
Why Should I Buy Condominium Insurance
Typically, buying condo insurance is a good idea. This is because condo insurance offers protection for your personal belongings, among other vital factors:
Condo insurance also makes sure that your personal property inside is protected in the event of a fire or other incident; this includes your furniture, TV, clothes, jewelry, etc.
The main reason you should buy condominium insurance is to help cover the interiors in this case, you may be responsible for the inner walls, ceilings, floors, and more.
If an incident forces you to temporarily live elsewhere, condo insurance also provides additional living expenses coverage (ALE) for temporary lodgings while waiting for repairs.
If a guest or third party were to suffer an injury in your condo, they would sue your condo insurance for any resulting medical bills rather than suing you directly.
Frequently Asked Questions
No, condo insurance isn't required in Ohio. Yet, condo insurance ensures that in the aftermath of a fire or theft, you are covered. If you choose to finance your home, your mortgage lender will require you to have a condominium insurance policy.
While condo associations are required to carry condominium insurance, the association isn't responsible for damage to personal property and specific fixtures in your condo. This is why it's crucial to buy condo insurance that covers you following an incident.
There are two types of condo association master policies:
- An all-in policy means that your association covers the interior drywall and fixtures such as appliances, wiring, plumbing, and basic flooring
- A bare walls policy means that your association covers the structure of the residence up to and including the drywall, leaving any fixtures or flooring to the individual property owner
Get a Free Quote Today
Need Ohio condo insurance? Secure your humble abode with condominium insurance. We service Mount Vernon, Westerville, Newark and more.
Call Otto Insurance Group and get started on receiving a free quote today.