At High Favor Insurance in Royal Oak, MI, we understand the peace of mind that comes with knowing your home or condo is protected after experiencing a traumatic event, such as a fire. Navigating the aftermath of a peril to your home without a strategy or plan in place can add unnecessary stress. That’s why it’s essential to understand the protection your condo policy provides and how it benefits your family.

Condo Insurance

Condo insurance works differently from a standard homeowner’s policy. With condo coverage, you typically have protection for your personal belongings, the interior structure of your unit, and liability for incidents inside your home where someone else suffers harm.

Condo insurance also offers coverage for additional living expenses if your home becomes uninhabitable due to a covered incident. This coverage typically lasts for a specified amount of time or until repairs are completed, allowing you to return to your unit.

Unlike standard home insurance policies, which cover the structure of your home, condo insurance does not cover the building’s structure or common areas. The condo association’s policy typically covers these. In essence, the condo association’s policy covers everything surrounding your condo, while your policy covers everything within.

It’s important to note that condo insurance typically does not cover specific perils, such as earthquakes, floods, or certain types of water damage. Additional coverage may be required for these risks.

Let Us Help You Today!

At High Favor Insurance, we are here to help you navigate the details of your condo policy. We’ll ensure you are prepared in case the unthinkable happens in your home. Conveniently located in Royal Oak, MI, we would be happy to address any concerns you may have and provide you with the coverage you need. Call us today to schedule an appointment at (248) 765-8675.