With the rise of condominiums in the city, more people are moving to live in condo units. This comes as no surprise since condo units are great investments - you can either put it up for rent or convert it to your new home. It comes with benefits, too. While condo units are attractive and a lot of people aspire to buy their dream condo, it is not enough to live in them without insurance protection. Just think about it, after years of saving up for that dream condo unit, with one unfortunate incident all your hard work goes down the drain.
That is why we encourage you to get a condo insurance for your home. If you live in a condo that is part of an association, you may or may not be covered by their master policy. If you are, you need to fully understand the policy since you are not covered inside of your unit. The main purpose of condo insurance is to provide you financial protection if an event leaves your unit damaged or your belongings lost or broken. If a guest fell down the steps in your condo you could be liable as the master policy does not cover this. A condo insurance covers actual cost value or replacement costs depending on your policy to your appliances, furniture, and other belongings. It also covers repairs that you need to make in order to fix your condo unit or return it to its original state. To add to that, condo insurance includes reimbursing you for the medical expenses you have to pay for if ever a visitor gets an injury in your premises.
These events are very unfortunate, but no one can do anything to stop them from happening. It's the same thing for home insurance because you can be careful in every way in your home, but no amount of care can shield you from natural calamities like hurricanes and fires. So First Family Insurance Group wants to help you at least have a sense of comfort even if realities like these take place. We want to prepare you for what may happen and when they do happen, we want to help you get back on track. The first step is to help you keep your home and return it to its best condition.
We understand that you might just want to pay for the costs without insurance. However, to tell you frankly, the amount you'll pay when you don't have a condo insurance far exceeds the amount you'll pay if you had one. You might not even recover all the important things in your condo. At least let us help you in giving you the cash value of your belongings.
We know how important your condo unit is. We know how much hard work and sweat you have put in so that you can have the condo unit of your dreams. With one incident this dream might be ruined and we most definitely don't want that. Yes, you will have to pay premiums, but that is only so we can serve you in the best way possible when it comes getting your money back after a calamity. At First Family Insurance Group, we want you to keep your condo unit dream alive.