The real estate market continues to be very strong due to the local economy and new developments opening up all over the place. When you are looking to buy real estate in Fisherville, getting a condo could be a great option. If you do buy a condo, you need to make sure that you have it properly covered by a full condo insurance policy. There are several things that a Fisherville, KY resident needs to know about condo insurance.
Most importantly, you need to remember that you get very valuable coverage from condo insurance. This will include coverage in the event your property is damaged or destroyed and will also include liability coverage. In the event of an accident or unfortunate situation, this could prove to be very helpful for you. A home associations policy will not cover your property.
Another factor to remember is that you will likely be required to carry the condo insurance policy at all times. If you took out a loan to buy the condo, your lender will likely want you to have condo insurance to make sure that their collateral is protected. Even if you don’t have a mortgage the condo association will likely require that you have coverage. This ensures that you have liability coverage in the event you cause damage to another condo or the common areas.
Your Kentucky condo is a major asset that you need to properly cover by insurance. When you are trying to cover your condo with insurance, you should reach out to TruePoint Insurance in Fisherville, KY to start the process. The insurance professionals at TruePoint Insurance can help you to better assess your individual risks. We will then help you find a condo policy that will properly cover you and your condo.