Condominium Insurance

view of apartment/condo building balconies

Protecting your home and family is a top priority, and we all take steps every day to achieve this. From choosing a roadworthy vehicle to locking up when you leave the house, we make decisions to stay safe every day. These choices can include taking care of ourselves, our homes, and our families. 

Securing condo insurance is a simple way to add another layer of protection. From keeping your property safe to covering your guests and visitors, there is a range of advantages.

Lake Region Insurance Agency is here to help you protect your condominium with excellent coverage and top-notch service. For condo owners in New London, Cokato, and Willmar, MN, our team is ready to assist you.

The Benefits of Condo Insurance

Condo owners are in a unique situation when it comes to protecting their investment. Since they do not own the exterior of the property, owners need coverage specific to condominiums. 

The HOA generally has coverage for the exterior and shared spaces. Individual unit owners carry their own policies to offer the following coverage:

Protect Your Property

The right policy can help to repair or replace belongings if you are the victim of theft or other damage. Provide yourself significant peace of mind with a policy that will protect your investments. You can cover:

  • Electronics
  • Furniture
  • Appliances
  • Clothing
  • Artwork
  • Other personal items

Protect Your Guests

The last thing you want is for a friend or loved one to get hurt, but accidents can and do happen. All it takes is a slick floor or a wobbly step, and you could find yourself facing hefty costs. Accidents on your property become your responsibility, and the expenses can add up rapidly.

If a visitor to your condo sustains an injury, insurance is a significant help. You may have coverage for medical bills and expenses, as well as legal costs incurred due to the injury.

Protect Your Space

If there is damage to the inside walls of your condo, a condominium insurance policy can provide you with coverage. Fixtures, cabinets, carpet, and built-in bookshelves may also fall under this protection.

Protect Against the Unexpected

Sometimes events happen that make your condo uninhabitable. Fire or vandalism could leave you in a position of needing to find somewhere else to live for a while. With the right coverage, your policy can reimburse you when you have to pay to stay somewhere different while you wait for your condo to be back in top shape.

How Can We Help?

When you are ready to purchase condominium insurance, it’s essential to work with experts who can help you secure exactly what you need. You need to be sure that your personal coverage picks up wherever the HOA policy stops.

The Lake Region Insurance Agency staff will assist you in choosing the right coverage for your needs. We can make sure your assets have protection and that there is no gap between your policy and that of the HOA. Stop in at any of our offices for a free consultation about all of your Minnesota insurance needs.

 

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