If you’re a condominium owner you might assume your homeowners association (HOA), which is sometimes called a condo owners association (COA), has insurance for everything. However, it’s essential to know that you still need a policy to protect your personal items. If you’re in the Hailey, ID area and looking for a condo insurance policy, reaching out to us at Harrison Insurance and Financials LTD is the right choice. Our agents can help you find the policy you need.<\/p>\n
COA or HOA insurance, which can also be called a master policy, generally covers the condominium building’s shared structures and common areas. That means areas like the roof, exterior walls, hallways, elevators, clubhouses, pools, and other community amenities. Depending on the specific governing documents of your condo association, the master policy might also provide limited coverage for certain fixtures inside the individual units. One thing this kind of insurance doesn’t cover, though, is your personal belongings.<\/p>\n
Condo coverage is different from an HOA policy and is designed to protect your personal interests. It typically covers personal belongings, interior improvements, appliances, flooring, cabinetry, and personal liability. a condo policy may also help pay for temporary living expenses if you have a covered loss and have to move out of your unit for a period of time. <\/p>\n
One of the biggest mistakes condo owners make is assuming the HOA’s policy covers everything inside their unit. In reality, though, responsibility for repairs and replacements often depends on the terms of the master policy. Get in touch with us at Harrison Insurance and Financials LTD today if you’re in the Hailey, ID area and looking for condo insurance. We’re here to help you find the right policy and level of protection for your needs.<\/p>\n","protected":false},"excerpt":{"rendered":"
If you’re a condominium owner you might assume your homeowners association (HOA), which is sometimes called a condo owners association (COA), has insurance for everything. However, it’s essential to know that you still need a policy to protect your personal items. If you’re in the Hailey, ID area and looking for a condo insurance policy, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[32,20,7,21,24],"class_list":["post-159","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-condo","tag-hailey","tag-harrison-insurance-and-financials-ltd","tag-id","tag-insurance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t