Practice Areas
Condo Insurance
This type of insurance policy provides coverage for individuals who own a condominium unit to protect their personal belongings in case of accidents. Disagreements between the owner and the condominium association regarding responsibility for damages can be a problem when filing for claims. Moreover, disputes over coverage limits and the valuation of assets can also be a challenge for policyholders like you.
With an expert firm like Barcus Arenas, you never have to worry about navigating the complex and time-consuming condo insurance claims process. We will help you understand your policy, guide you through the process, and ensure fair and timely resolutions of your claims.
F.A.Q.s
Condo (HO6) insurance is insurance for condominium unit owners. It covers personal belongings (furniture, clothing, electronics, etc.), personal liability (if someone gets injured in your unit), additional living expenses (if your unit becomes uninhabitable), and sometimes improvements or upgrades you've made to your unit. It's important to review your policy to understand the specific coverage.
While condo insurance is not legally mandated in most places, it's often required by lenders if you have a mortgage. Even if it's not mandatory, having condo insurance is highly recommended to protect your personal belongings and liability. It provides financial security in case of unexpected events.
Yes. The association's policy typically covers the building's structure and common areas, but individual unit owners need coverage for their personal belongings and liability.
The cost of condo insurance can depend on various factors, including the value of your personal belongings, the location of your condominium, the coverage limits you choose, your deductible, and any additional coverage options you select. Some factors, like the building's security features, can also impact the cost.
Barcus Arenas acts as a mediator between condo owners and associations, facilitating discussions and negotiations to resolve disputes. Our legal expertise helps in clarifying responsibility for damages and reaching agreements that benefit all parties involved.
