Although you may hate shopping for it, insurance is a necessity. Unfortunately, it only seems to be truly important once an event occurs that requires it. In the case of a friend and her significant other, they were the victims of a mishap involving their home. Fortunately, they had purchased insurance, and found themselves in a hotel, waiting for the damage to their home to be repaired- rather than out on the street.
Jenna was doing everything required by her condo association to make her unit a happy home. She adhered strictly to the rules and bylaws, and had purchased insurance to cover the personal items within her unit from damage. Unfortunately, the team who had winterized her building had not taken the same level of care with the pipes running through her condo’s floors.
The woman next to Jenna’s unit had been evicted- a casualty of the unstable economy. Although the apartment was left it perfect condition, it had gone unfilled for months during the dead of winter. Because the apartment sat dormant, when a pipe burst do to a lack of it being properly winterized, the other inhabitants of the condo were caught completely unawares.
The bursting pipe resulted in flooding to parts of her condo- including her unit. Thankfully, her condo association had insurance for the building, covering her costs for the actually structural damage. But the damage to her personal items?- that was taken care of through her personal condo insurance.
If a flood or other accident happens to your condo, are your personal items protected? How about your dog? If you’re not sure that the things you care about are covered, perhaps you should consider purchasing condo insurance.
Corporate Risk Solutions offers
condo insurance to protect your valuables and ease your worries. If you would like to learn more about your options, or get a
free online condo insurance quote, visit
www.managingyourrisks.com right now.
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