If you own a condo, it is your private space in a shared space. The insurance protection you need comes from more than one policy. You need coverage that reflects this requirement. In the case of a fire, the policy that provides protection depends on where the fire started and what damage occurred.

Master Policy For the Condo Complex 

Every condominium complex needs a master insurance policy to cover the common and shared spaces, such as the grounds, the elevator(s), and the lobby. It is your right as a condo owner to get a copy of this master insurance policy so you can learn about the coverage.

An easy way to understand the terms and conditions of this master policy is to work with your agent at Bogden Insurance Agency in Berlin, CT. Ask questions and get your agent to explain the coverage and discuss any of your concerns.

Insurance Policy For Your Condo

Your condo needs its own insurance policy. It is your responsibility to have adequate condo insurance. Whether a claim should be made for a covered peril depends on what happened.

Insurance Policy of Your Neighbors

If a fire breaks out in your neighbor’s kitchen and burns through the wall to damage your condo, the neighbor’s insurance will be involved. The same can be said about smoke and water damage.

Complex Insurance Coverage

Some situations for an insurance claim with condo insurance may be quite complex. A covered peril may involve three insurance companies. Ask your agent to explain various hypothetical cases for you to consider and to conduct a condo insurance review to analyze your protection and make adjustments if necessary.

Reach out to us at Bogden Insurance Agency in Berlin, CT, for all your condo insurance needs.

Owning a condo requires specialized insurance, depending on the level of protection you’re seeking and the type of endorsement makes sense to you. Anytime you invest in a condo, understanding if your traditional condo insurance covers flooding and natural disasters is crucial. At Bogden Insurance Agency, serving Berlin, CT, we’ll work with you to find the type of policy that is suitable for your concerns, based on your location and the type of coverage you’re seeking.

HO-6 Coverage

For those who own a condo in Berlin, obtaining and maintaining personal condo insurance, or an HO-6 policy, is necessary to cover a range of damage that can be caused by common weather events. Some of the weather events covered with a standard condo insurance policy include:

• Windstorms and hail
• Fire and smoke
• Lightning strikes
• Explosions and certain types of water damage (to an extent)
• Weight of ice, snow, or sleet

Flooding

Unlike other incidents, flooding is not often covered with a traditional condo insurance policy, even if some water damage is protected. You’ll most likely want to purchase an additional flooding insurance plan via FEMA’s National Flood Insurance Program, or NFIP. We can assist you with this process to ensure your flood insurance policy is up to your standards of coverage and care.

Knowing your options when it comes to flooding and natural disasters as a condo owner is imperative, whether you’ve just invested in a condo for the first time, or you’re a long-time owner. At Bogden Insurance Agency, serving Berlin, CT, we’re well-versed in the arena of condo insurance and can help you find policy add-ons that protect you where you need it most. To learn more about your options with regard to natural disasters and flooding, contact us for your consultation today.