Condominium Insurance

We need to be fully insured. The worse thing than being under-insured is ignorance about the risk that you are into. As soon as you become the legal owner, Insurance coverage on your condominium should begin. The type and need of coverage depends, in part, or on the value of your contents to replace with new items if your contents be destroyed by an insured peril. Even small repairs or any everlasting upgrades to your condominium, such as wall coverings, cabinetry, flooring ,renovations to a kitchen or bathroom or, bookcases, they may or may not be covered by your building association’s policy. Goldmine Insurance specialists can help you get the right amount of coverage for your permanent “additions and alterations” and avoid costly setback at the time of a loss.

Some important coverage to be discussed for your condo:

PERSONAL PROPERTY:  This saves your equipments and stuffs (IT products, furniture, clothing, electronic equipment, etc.) against loss. Any policy your condo is into must take care of all of your personal values whether they are in the premises or like boat, camera, which are generally off premises.

VALUABLE ASSETS COVERAGE: The condominium policy provides a limited amount of coverage for your jewelry, metals, furs, silver, or any valuable articles etc. You can further protect your treasures by adding a requirement or clause to your policy.

LIABILITY: It is our responsibility towards other. Lawsuits affecting condo owners are common and costly. Whether it is an accident damage caused by water to a neighbor’s unit by you or someone slips and falls in your condo, you could be faced with a lawsuit. That’s why it is important to work with an insurance specialist like Gold mine insurance, who can help you get the right amount of liability coverage. Comprehensive Personal Liability protects you and your family if you are sued. This coverage provides protection both on and off premises.

Most of the home policies don’t include the backing up or escape of water from your sewer, sump or septic tank. For a very small additional premium you can purchase the "Sewer Back Up" extension to cover this policy exclusion

For more info or to know about our packages contact our team.