If you own a condo, certain areas of the property are typically covered by the HOA insurance policy, but how much? Every condominium and homeowner’s association insurance policy varies in what is covered, what it will payout on, and what restrictions are part of the policy. You don’t have time to read the small print, but at Simmerer Insurance in Laurel, Maryland, we do. Our local team works to find the best coverage at the lowest rates from a range of providers.
Some of the types of insurance that should be in place include coverage for alterations, appliances, fixtures, and any other structures unique to your unit, as well as the property for which the association agreement holds you responsible. Your condo should be protected against losses associated with fire, smoke damage, storm damage (wind, rain, ice, snow, hail, etc.), as well as theft, vandalism, or mischief.
What specific types of coverage do you need? At Simmerer Insurance, we live and work locally and are available to review your current policies, as well as your association agreement. We can help you determine the types of coverage and how much you need to put in place to protect against the risk of loss. We always search for the best prices for the highest level of coverage, and we are committed to helping our community associations and property management firms get the peace of mind they deserve.
Types of Products and Endorsements
- Fidelity Bond/Crime
- Ordinance or Law
- Water Sewer Backup
- Mechanical Breakdown/Boiler
At Simmerer Insurance, we use our expertise in each area of coverage and experience working with dozens of property management firms, to ensure that you have the best coverage possible. We strive to be prompt, responsive, and knowledgeable, helping HOAs and condominium groups gain the appropriate insurance. Call today for more information or a new proposal.