There’s a condo community for every taste — whether you prefer a downtown high-rise, a loft-style condo conversion or a small complex in a serene setting. Condos often feature amenities like swimming pools or security patrols. And there’s a good chance your homeowners association takes care of gardening and exterior maintenance. It all adds up to a lifestyle you enjoy.
But your condo is more than a place you call home. It’s also a major investment filled with possessions you want to protect. And here are some ways Farmers can help as you manage typical risks:
Fire Damages Your Condo
Risk:
While you’re at work, a fire in your utility room spreads to several rooms before it’s contained. Firefighters blame the blaze on lint that accumulated near your dryer’s heating element.
Coverage:
Your condo property coverage can help when damage to your interior — such as built—in appliances and flooring — isn’t covered by your association’s insurance policy.
You Must Move Out During Repairs
Risk:
You can’t live in your condo while fire damage is repaired — the contractor says the project may take several months.
Coverage:
Coverage for additional living expenses can help with the costs of temporary relocation when a covered event makes your condo uninhabitable.
A Guest is Suing You
Risk:
You’re enjoying an al fresco dinner party when part of your balcony collapses — injuries aren’t severe, but one guest plans to sue.
Coverage:
Liability coverage can help you protect your assets against lawsuits that result from accidents that take place on your property.
Your Visitor is Injured
Risk:
You didn’t get to a loose tile you’ve been meaning to fix before your visitor trips on it and breaks her arm.
Coverage:
Medical payments coverage can help with expenses when a visitor is injured at your residence.
