Anyone that lives in the Cumming, GA area should consider investing in themselves and buying their own home. For a lot of people, one ideal home purchase option would be to buy a condo. When you do get a condo, there are a lot of advantages that include lower maintenance obligations and improved security. Along with purchasing a condo, it is vital that you consider all of your insurance needs. Several benefits come when you get a condo insurance policy. 

Valuable Liability and Property Protection

The main benefit that comes when you get a condo insurance policy is that it will provide you with valuable protection for your assets and against liability. When you own a condo, the insurance policy will protect your dwelling and personal assets. It will also give you coverage for liability if someone gets hurt while in your home. 

Agreement Compliance

Another benefit of a condo insurance policy is that it can help to ensure that you remain in compliance with a variety of different agreements. Having condo insurance is a requirement for your mortgage lender and condo association. When you get an acceptable policy, you are going to have the coverage you need to stay in compliance with both policies. 

If you are going to purchase a condo in the Cumming, GA area, you should speak with the team at Wichalonis Insurance Agency to learn about all of your insurance needs and options. The insurance professionals at Wichalonis Insurance Agency can help you to learn more about all of your condo requirements and explain to you how an exceptional insurance policy can provide excellent protection. Contact our office to get started with a quote.

People who own a condo have many similar concerns to homeowners. These can include protecting their property from accidents, severe weather, theft, vandalism, and many other mishaps. Condo insurance is required for property that is financed through a mortgage just like homeowners. That is why it is important to get in touch with an insurance expert at Wichalonis Insurance Agency for more information.  

Under Georgia Law, either the association that maintains a group of condos or the individual owners must retain some kind of insurance coverage. Therefore, insurance is required, but it may be integrated into association fees or obtained through other arrangements. Condo owners also need to be aware that a blanket policy for their entire association may not give coverage of many of the common problems that are protected under homeowners insurance. The association is essentially required to obtain insurance that will cover HVAC equipment, structures such as the walls ad ceilings, and protection from lawsuits in the form of liability coverage.  This means that the individual owner is responsible for maintaining coverage that extends to everything else in and around the home. This can be especially important as repairs and damage can still be very costly for things not covered under the association’s broad policy.

Speak to an agent that serves Cumming GA

If you need any further information about the requirements of condo insurance, it is best to speak with someone who can answer your questions and provide coverage that matches your needs. Wichalonis Insurance Agency is available to provide this assistance to anyone who is interested in obtaining or changing a condo insurance policy.