Condo Insurance in Texas
Condo ownership in Houston, TX gives you many of the advantages of owning a single-family home, often at a reduced cost. Once your contract is signed, your next step is purchasing condo insurance to protect your unit and valuables from harm. At Heydari Financial Group, you’re sure to find a condo policy that meets your needs. Here’s how condo insurance works to protect you.
Condo insurance policies in Texas offer the following basic coverage:
- Dwelling – covers structural damage to your condo to include floors, inner walls, built-in appliances, light fixtures, cabinets, and carpeting.
- Property – covers your personal belongings
- Liability – covers accidental injuries or property damage that may occur when people visit your condo
- Additional Living Expenses – covers the cost of living elsewhere temporarily if you have to leave your Texas condo for disaster repairs
Insuring your Houston, TX condo is one of the most effective means of protecting your goods and property.
Importance of Condo Insurance
There are numerous reasons to make the condo insurance part of your financial portfolio. As a condo owner, you probably pay association fees which goes in part toward insurance protection for the exterior of your building and common areas. This protection, however, doesn’t extend to the interior of your unit or to your belongings. If your unit is damaged by fire and your furniture or appliances destroyed, you would be responsible for covering repairs and replacing your goods on your own.
Condo insurance protects both your unit and belongings from perils like theft, fire, vandalism, storm damage, hail, lightning, and other disasters. It provides financial compensation to recuperate your losses if your valuables are stolen or damaged or destroyed in an unforeseen catastrophe. In the event of a major disaster, condo insurance could make the difference between recovering or suffering financial ruin.
To purchase a condo policy for your Houston, TX condo, contact your Heydari Financial Group agent today.