Mynatt Insurance Agency: Condominium Insurance in Tampa, Florida
Condo Insurance: What are the Coverage Fundamentals?
Wherever your condo may be in Florida, be it along the Gulf Coast or near Tampa, 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, Condo Association 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 Condo's Association, but you are still responsible for the contents inside. This is where Mynatt Insurance Agency comes in.
What Does Condo Association Insurance Cover?
Condo Association coverage in Florida typically 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 in Florida, 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 the condo insurance and coverage from Mynatt Insurance Agency, you will need to gain maximum protection.
Condo Insurance Protects Your Assets
With sufficient condo coverage, you can protect your condominium from fires, wind and hailstorms, lightning strikes, theft, and other events not covered by the condo association coverage. Without the proper insurance policy from Mynatt Insurance Agency, can you afford to rebuild the interior of your condo from scratch while paying medical bills for anyone injured? Your policy through Mynatt Insurance Agency will help assure you can cover the cost of repairing or replacing items following a covered incident. It could be the financial lifesaver you need.
What Does Choice 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 association coverage.
What Are Condo Insurance Exclusions?
As with home insurance policies, condo insurance doesn’t cover specific types of events:
• Earthquakes and mudslides
• Natural deterioration and neglect
• Birds, rodents, insects, and domesticated animals
Multi-Policy Condo Insurance Discounts
If you purchase condo insurance through Mynatt Insurance Agency, you may be eligible for discounts if you’re an existing Mynatt Insurance Agency policyholder. Whether you’re an existing customer with Mynatt Insurance Agency or not, ask about multi-policy discounts when you bundle condo insurance with any of our other policies.
Contact Mynatt Insurance Agency of FL for a Free Condo Insurance Quote
If you’re shopping for condo insurance anywhere in 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!
At Mynatt Insurance Agency, we have the experience and insurance companies to keep you protected. We service the entire state of Florida. If you’re ready to see how much we can save you on condo insurance, call Mynatt Insurance Agency today at (813) 932-5511! Or for a free online condo insurance quote, fill out the quote form on this page!