 You have found the perfect place to rent in the Sunshine State and you are excited to move in, but have you obtained a renter’s insurance policy? Many people make the mistake of assuming their landlord’s homeowner’s insurance will cover their assets and skip renter’s insurance altogether. Truth of the matter is the landlord’s policy covers only the physical structure of the rental property and will not protect you or your personal belongings as a tenant.
Generally speaking, renter’s insurance offers financial protection for people who rent in lieu of owning a home. Renter’s insurance safeguards you when your personal belongings are destroyed, vandalized, or stolen. It may also provide liability coverage for accidents or injuries sustained by guests. Renters insurance is a recommended solution to easing the financial risk associated with property damage but understanding how to properly exercise your policy rights can be challenging as a tenant. Here are a few things to consider when reviewing policy options. What Does Your Renter's Insurance Cover? In short, renter’s insurance covers what you own. Coverage for some of the most common causes of property damage and loss, such as theft, vandalism, water damage, and fire, is your responsibility as a renter, which makes this such an important topic. Personal Property Personal property coverage ensures your personal belongings are protected. For example, if your living room furniture is ruined due to water damage from a pipe that burst while you were at work, your renter’s insurance policy has you covered up to the limits of your policy. An important benefit is that personal property coverage may cover items even if they are not in the residence at the time of loss. For instance, belongings may be covered if they are stolen from your car or damaged in a move. Loss of Use Renter’s insurance covers losses caused by named perils. These perils typically include fire, lightning, smoke, vandalism, explosion, windstorm, hail, water, theft, and more. If disaster strikes and you cannot stay in your home because of covered losses, your loss of use coverage provides reimbursements for temporary housing and additional living expenses. Liability Coverage If someone is injured in your residence or anyone on your policy causes damage to someone else’s property or to their belongings, this coverage protects you. It also may protect you if you cause damage to another property. Medical Protection This type of insurance covers reasonable medical expenses for someone injured in your residence. What Renters Insurance Does NOT Cover There are plenty of things renter’s insurance will not cover, such as structural damage to your rental unit. This is why it is much cheaper to have renter’s insurance than homeowner’s insurance. Some other examples of items likely not covered by renter’s insurance include expensive jewelry and business equipment. However, you have the ability to apply coverage add-ons when you purchase renter’s insurance. Similar to homeowner’s insurance, renter’s insurance policies can add endorsements (also called riders or options) to strengthen your coverage of personal property. Common endorsements are for jewelry and electronics. How Much Coverage Should You Have? This answer can be complicated and varies from person to person. There is no minimum coverage amount that is right for everyone, but you will want enough renter’s insurance to protect yourself and your belongings against several risks. You will want to take an inventory of your belongings to evaluate your current coverage. Make a list of everything and estimate each item’s worth. This inventory should be as specific and thorough as possible, listing each item’s model number and price. Include possessions such as computers, electronics, clothes, and furniture. Then, you can determine the amount of coverage you will need to replace those items if they are ever stolen or damaged. The inventory can help you figure out how much coverage you need, but it will also become very important when filing an insurance claim. We are also Personal Property Appraisers and can assist you with the proper valuation of your personal belongings. Are You Looking for a Public Adjuster to Help Navigate Your Policy? Choosing the proper renter’s insurance coverage and navigating how to file a claim can be challenging and time-consuming. Experienced insurance adjusters can be your best resource, as they have the knowledge and expertise necessary to understand renters’ insurance policies and their complex language. Having a public adjuster on your side not only guarantees an advocate for your best interests but also helps ensure you get everything you are entitled to for your claim. At Reliant Insurance Adjusters, we have the knowledge and experience to obtain the best possible settlement for your claim. Contact us today to learn how we can best help you.
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 There are more lightning strikes in Florida than anywhere else in the US. This puts our state at high risk for fires. If a fire has damaged your Florida property, you are going to need to file an insurance claim.
As South Florida public adjusters, it is our role to help you file your claim accurately, and get you covered and paid for everything you are entitled to receive under your policy. Below I will explain the likelihood that your policy covers fire damage, as well as explaining some of the steps you can take to prevent fire damage in the future. Does Homeowner’s Insurance Cover Fire Damage? It is always important to check your policy to see exactly what it covers. That said, a homeowners insurance policy typically covers fire damage. This includes fires started accidentally in your home, as well as fires caused by lightning and also wildlife fires. There are some exceptions to coverage, the biggest being if you started a fire in your home with the intent of causing damage to it. Acts of war are also not covered by insurance. The amount of coverage you can receive may be dictated by your dwelling limit and your personal property limit. How to Protect Your Home from Fire Damage The only thing better than receiving the proper claim payment for damage is not needing that payment in the first place. There are several steps you can take to mitigate the likelihood of fire damage:
Filing a Fire Insurance Claim with Your Insurance Company If your property has been damaged by a fire, you will need to file a claim with your insurance company. In this situation, a public adjuster can help you document all the damage and assist with the submission of the necessary information. On average, people who hire public adjusters get 500% more of a settlement on their claim. If your claim is underpaid, a public adjuster can assist and reopen your claim. If the insurance company remains unconvinced by the evidence and documentation submitted, most insurance policies allow for a dispute resolution such as appraisal. If needed during the appraisal process, an insurance umpire can help settle the dispute and find a fair resolution for both parties. Looking for a Public Adjuster in South Florida? You have come to the right place. At Reliant Insurance, we are committed to helping our clients understand their coverage and get you everything you are entitled to under your policy. We have decades of experience representing residential and commercial insurance claims. We also provide free insurance policy reviews. Please do not hesitate to contact us today. We are always happy to help.  Exterior Insulation and Finish System (EIFS) exclusions are common in commercial general liability policies and may prevent coverage in certain situations where EIFS’s are utilized in construction. It is important to be aware of these exclusions and understand how they can impact you and your property or business.
What are EIFS's? EIFS, or Exterior Insulation and Finish System, is an energy-efficient integrated exterior insulation and synthetic stucco system. In most cases, insulation board is bonded to the outer wall surface using a specially designed adhesive. A water-resistant base coat is then put on top of the insulation and a finish coat is applied on top of the finish coat. However, due to the lack of a built-in moisture management system, EIFS has become well-known in the building world as putting homes at risk for damage. The tendency of EIFS to trap water behind a building's walls has resulted in numerous insurance coverage disputes over the years. As a result, many insurers have included an EIFS exclusion in their commercial general liability policies, which excludes coverage for property damage caused by the use of EIFS in construction. How Common Are EIFS? EIFS has been commonly employed in commercial and residential construction for decades. EIFS has grown in popularity as a cost-effective way to insulate both residential and commercial construction projects. Furthermore, the material is extremely flexible, allowing for increased design flexibility. However, EIFS can be a significant source of loss and is not being used in modern construction as commonly as in the past. What is the Associated Risk? Many systems tend to trap moisture for a variety of reasons, including incorrect application or installation, material incompatibility, and failed or inadequate caulking. These weaknesses can cause:
Such events can necessitate large-scale reconstruction or complete replacement of elements of a structure. EIFS Exclusions Explained As a result of the overt risks, EIFS related damages may be excluded from commercial property insurance coverage. The most common exclusion language excludes coverage for losses involving the designing, making, preparing, selling, installing, distributing, maintaining, repairing, or adjusting of structures designed with EIFS, just to name a few. A loss involving a policyholder's product or work linked to EIFS may even be excluded from coverage. Finding an Insurance Adjuster to Help You Understand Your Commercial Insurance Policy EIFS Exclusion Getting in touch with a licensed insurance professional is an excellent first step if you need help understanding your commercial insurance policy, the EIFS exclusion or if you need to file a claim. Reliant Insurance Adjusters treat all our client’s property damage claims as if they were our own. While other firms may provide similar services, our honesty and integrity speak for themselves. We are committed to providing the professionalism, knowledge, and experience necessary to obtain the best possible settlement for your claim. Contact us for assistance today.  As a public adjuster in Fort Lauderdale, we are here to help you get all the information you need to file a claim with your insurance company. Pre-loss inspections are one of the tools we use to help you get the proper results for your insurance claim.
If you are a condo owner, it is useful to understand when you should get a pre-loss inspection, and what exactly we look for during this service. How Pre-Loss Inspections Benefit Condo Owners Prepare for Hurricane Season As a property owner in Florida, you are likely aware of the trouble that hurricane season can cause. Having your unit inspected beforehand narrows the window of time during which damage to your property could have occurred. This is important because policies are specific about what they cover. If the insurance company believes your unit sustained damage due to a maintenance issue, your claim is less likely to be covered. A pre-loss inspection adds clarity and proof to your claim, which allows you to show that the damage was not present prior to the loss or damage occurring. Give You a Better Understanding of Your Insurance Coverage Even putting hurricane season aside, a pre-loss inspection can be very helpful. It gives you a deeper understanding of the condition of your property. More important, if there is an existing problem that is hidden and unknown to you, our pre-loss inspections give you the opportunity to repair it and protect your property from further damage. What to Expect from a Pre-Loss Inspection of a Condo Unit If you have a standard HO-6 policy, pre-loss inspection will document the condition of the interior of your property. The association owns the building and their insurance policy will provide coverage for the exterior of the property, therefore, the exterior would not be included in this type of report. Before we begin our inspection, we will explain what is and is not covered in your HO-6 policy. There are certain elements covered in the policy such as your wall coverings, cabinetry, tile, flooring etc. as well as appliances and personal belongings. We will then prepare a report. This documentation can include both photos and videos. Having this information will help you in the event you need to file a property damage insurance claim with your insurance company. If you do not want to file the claim yourself, or you need help with your insurance company, we are here for you. Looking for a Public Adjuster in Fort Lauderdale? At Reliant Insurance Adjusters, we are committed to making the insurance claims process as effective and simple for you as possible. We understand that it can be frustrating and difficult to document your damages and negotiate with your insurance company while you are going through repairs to your property. We have decades of experience handling insurance claims and providing public adjusting services to our clients. We specialize in residential and commercial insurance claims whether it is a new claim, underpaid or denied claim. We also provide free policy reviews. Contact us here if you have any questions.  One of the most overwhelming things that can happen to a property owner is to be unprepared for potential property damage and to discover that the cause is not covered by their insurance policy.
Water damage caused by seepage is the leading cause of non-weather-related property owner’s insurance claims in the state of Florida. Because, water damage coverage has evolved dramatically over time, and insurance companies handle these claims differently, it is important to be familiar with your policy. Here are some helpful facts to guide you as you evaluate your coverage. Seepage Coverage Explained In the context of property insurance, seepage refers to water damage that develops over time as a result of a slow leak of water. Often times, this is discovered to be due to a broken pipe in a wall or floor. Seepage may not seem like a huge issue, as compared to flooding or other natural disasters, but a slow leak over time can create significant damage that may be difficult to remediate. What is not covered? You should educate yourself on the risks of water damage to your property and understand the different categories of damage. For example, a leaky pipe or other damage caused by a lack of maintenance is not covered in your property insurance policy. Insurance companies consider seepage to be the result of a lack of maintenance rather than a sudden and accidental event. A simple definition to remember is … damage due to lack of maintenance, neglect or wear and tear, as well as flood-related damage, are not covered by your property insurance policy. What is covered? Water damage caused from a leak within your property is covered such as a sudden and unintentional discharge from a broken pipe, accidental overflow, air conditioner leak, or water damage caused from a windstorm or hurricane. Water Damage Risk Most seepage risk can be avoided with regular property care and routine checks of the plumbing and HVAC system and keep an eye on your entire property for damp spots on walls or flooring. Early detection of a broken or leaking pipe can help to limit the extent of the damage. You may not even need to file a property damage insurance claim if you identify these minor problems right away. If you have a leak and it is hidden and unknown but continues for days, weeks or even months, and you sustain significant damage to your property, the damage may or may not be covered. Some policies have wording that excludes damage that is unknown whether it is hidden or not. What to Do if You Discover Water Damage If you discover water damage, it is important to stop the leak and prevent your property from further damage. There is a difference between flood and water damage. Flood water enters the property from the exterior inward, where water damage originates from within the property. You should review and understand your insurance coverage to verify that your property is properly insured. You can also schedule a free consultation with Reliant Insurance Adjusters to walk you through your policy and coverage. If your property has sustained damage, or your insurance claim has been underpaid or denied, call us today. We are experienced, licensed, and bonded public adjusters who work for you, not the insurance company. We are here to help. Call us at (561) 288-6434 or contact us here.  If you are filing a claim, you want to make sure that you get the compensation you deserve. This can be complicated, both because of the details of the policy and the nature of determining how the damage occurred.
At Reliant Insurance Adjusters, we provide the services necessary so you receive full settlement of your claim. Along with offering public adjuster services in Broward County, we also offer appraisal and umpire services. Let me explain when you might need an umpire, as well as the qualities you should look for from that umpire. When Umpires Are Necessary When you and your insurance company are not be able to come to an agreement on the amount of your claim, some policies are written with an appraisal and umpire clause, also known as an alternative dispute resolution. An umpire is called in when both the appraiser for you and the insurance company are unable to reach an agreement. Similar to an arbitration agreement, an umpire clause allows for a third-party to come in and resolve the dispute. The exact process will vary depending on your policy, which is why it is important to speak with an insurance professional. That said, the umpire will typically become part of an appraisal panel, consisting of the umpire, as well as representatives for both the insured and the insurance company. Only two of the three members need to agree to resolve the claim. How Do You Find the Right Insurance Claims Umpire? The umpire has a major impact on how much the property owner receives for their claim settlement, which means it is essential to work with an umpire that both parties agree to and trust and who will be fair and unbiased. There are several qualities to look for from any umpire that you are considering:
In most cases, the appraiser for the insurance company and your appraiser, will both have lists of acceptable umpire candidates. They normally share their lists and agree to a mutual and acceptable umpire in the event they are not able to reach an agreement. Looking for an Umpire or Public Adjuster in Broward County? You have come to the right place. At Reliant Insurance Adjusters, we are committed to helping our clients receive the proper claim settlement. The claims process can be very complicated and daunting, and we are here to relieve you of the burden. Whether you have a new, underpaid or denied claim, or you just have a question, we are here to assist. Please do not hesitate to contact us. We are always happy to help you understand your insurance coverage.  With hurricane season quickly approaching, the best way to prepare for a hurricane is to plan ahead so that you are ready when the storm is coming. Property owners all too often find themselves unprepared and anxious when these devastating storms are heading their way. Fortunately, there are some precautionary measures you can take in advance to better protect your property and financial well-being. With a little preparation, you will be in a better position to navigate the unpredictable 2022 hurricane season. Here are 6 steps you can take ensure that you are hurricane ready and make sure you do not miss our free hurricane checklist below. #1 Verify Your Insurance Coverage Take the time to review your property’s insurance policy to verify that you are fully covered for any damage. Property insurance typically covers temporary repairs after a hurricane, in addition to extra living expenses that may be required as a result of relocating to a temporary dwelling. It is important to note that property insurance does not cover flood-related damage and you should have a separate flood policy. Additionally, make sure your insurance policy covers damage caused by hurricane and wind. #2 Have a Pre-Loss Property Inspection You should get a pre-loss property inspection before a storm in the event you need to file an insurance claim. By doing so, you are equipping yourself with sufficient evidence to prove the new damage is not pre-existing damage. This can certainly help increase your chances of receiving full coverage for your damages. Before a storm, not everyone has the time, resources, or equipment to comprehensively document the interior and exterior of their home and/or commercial property. Reliant Insurance Adjusters has a Pre-Loss Inspection Program for both residential and commercial properties in Broward and Palm Beach County and includes a complete and thorough inspection of the interior and exterior of your property. This documents the condition of your property before you have an insurance claim. Our inspections include photos and/or video report of the exterior and interior of your property together with aerial images and video footage of your roof with our state-of-the art drone equipment. It can often be difficult, if not impossible, to prove to an insurance company the full extent of your damages once disaster strikes. This is an extremely important and useful report to have prior to hurricane season. #3 Take an inventory of your property It may seem like an unnecessary step but compiling a list of all your belongings within your home or business will help show the condition of your property before they are damaged. Keep the inventory with your important documents. In the event you need to evacuate, be sure to take it with you. It is also wise to keep an electronic copy saved where you can access it anytime via your phone, tablet, or computer. #4 Prepare and Protect Your Property Prepare and protect your residential and/or commercial properties in preparation for hurricane season. Since you don’t know when or if a hurricane will impact your property, it is recommended that you prepare as if it will happen. Here are a few suggested steps you can take:
#5 Have an Emergency Stock of Necessary Supplies Having an emergency stock of supplies ready to go well in advance of a hurricane is essential. During a storm, stores and suppliers tend to run out of bottled water, medical kits, and other essential goods rather quickly. To provide for your family, it is a good idea to have these items already on hand and stored in plastic bins. Keep at least a seven-day supply. We created our own Hurricane Supply Checklist that will help you with everything you will need in case of an emergency. Click below to download your free copy. #6 Plan Your Evacuation Ahead of Time One of the most important elements of hurricane preparation is planning your evacuation process. If you think evacuations are only for those who live on or near the coast, keep in mind that hurricane storm surges can often push water tens of miles inland. If you do have to evacuate, it is important to unplug all electronics and appliances. Helpful information for planning your evacuation route can be found on your local county or city website. You will undoubtedly get instructions from local news reports as well as social media. However, it is still important to create your evacuation plan and familiarize yourself with nearby shelters and boarding options for your pets well before a storm. Review your plans with everyone in your home and make sure each person knows what to do in case of this type of emergency. In the event of a hurricane, Reliant Insurance Adjusters is here for you. Our team is experienced with handling all types of insurance claims, interpreting insurance policies, and protecting our clients’ interests throughout the entire claims process. We also have the resources to conduct pre-loss inspections which can help you with any insurance claim. Contact us today for your Pre-Loss Inspection or for more information on how we can help you. 
 If you need a public adjuster in Boca Raton, you have come to the right place. At Reliant Insurance Adjusters, we offer a variety of services designed to help you should you have an insurance claim. One of these is roof inspections recorded with a drone.
Learn why drone videos are valuable, what you should look for when hiring a drone pilot, and the situations where we may recommend a different kind of inspection. Why Are Drone Videos Valuable? You want to have as much information as possible when filing your claim. The more ambiguity, the easier it is for an insurance company to potentially deny a claim. Drone videos can provide essential information in support of your claim. A pre-loss property inspection can also help narrow down when the damage occurred. It also provides clear evidence of your property prior to a loss. This is important because insurance policies are not typically designed to cover maintenance related issues or long-term damage. Interior property inspections and drone footage can help you show the condition of your roof and the exterior and interior of your property before it is damaged. This type of report will assist in getting coverage for your claim. What Should You Look for When Hiring a Drone Video Roof Inspection Expert? The next step is to find someone to assist you and two qualities you should look for:
Are There Any Situations Where We Cannot Use Drones? Yes, there are certain situations where we cannot use drones. Airports and military bases have restrictions against civilian drones. If you own property close to either, call us and we will help you determine whether drones can be flown over your property. If there is any reason why we may not be able to use a drone, we will discuss your best options for getting your property inspected. Our goal is to make sure you have all the documentation you need for your insurance claim. Looking for a Public Adjuster in Boca Raton? You have come to the right place. At Reliant Insurance Adjusters, we are committed to helping property owners receive the compensation they need in the aftermath of an unexpected event. We have been interpreting policies and handling insurance claims for years, which means you can rest easy knowing we are on your side. Do you have any questions about what we can do for you? Would you like to speak with an expert who can help you file your insurance claim? Please do not hesitate to contact us.  Hurricane season begins June 1, which means it is time for homeowners to start preparing. As the best public adjusters in the 33434 zip code, we want to make sure you have the knowledge you need.
Today, we will discuss what you should know as a Florida homeowner during hurricane season. This includes both how to prepare before the hurricane comes, as well as how to get compensation after the storm. Preparing for a Hurricane One of the best ways to protect your home is by preparing it for hurricane season. This can help reduce the need to file an insurance claim. We have spoken before about the three hurricane checklists you want to be aware of:
With regards to property damage, the Red Cross recommends that any loose objects like plants, lawn chairs, grills, are either brought inside or anchored. You also want to make sure that when planting trees, they are far enough away from your home to ensure that if they do fall over, they will not cause damage. Along with doing your best to prevent property damage, you also need to prepare for your own safety. This means determining whether you need to evacuate or shelter in place, as well as making sure you have food, water and medicine. Pre-Loss Property Inspections It is important to document the condition of your property before you have a loss. A pre-loss property inspection does just that. So, if you sustain damage to your property and you need to file an insurance claim, a report like this is the best way to prove new damage. Am I Covered for Hurricane Damage? Insurance policies vary and coverage changes from year to year so you want to make sure you understand what is covered and excluded in your policy prior to the need to file an insurance claim. Most homeowner’s insurance policies offer Hurricane and Wind coverage with a 2% deductible. The deductible is based upon a percentage of your Dwelling or Building policy limit. How Long Do I Have to File an Insurance Claim? In the state of Florida, you need to file an insurance claim for damage within two years after the date of loss. That said, it is best to file your claim as soon as possible. Along with ensuring that you receive coverage and payment for your claim in the timeliest manner possible, this also minimizes any uncertainty that could arise regarding your claim. If a long period of time lapses between when you sustain property damage and when you file a claim, you must still protect your property from further damage. If you do not, some of the damage may be attributed to events not covered by your insurance policy. This is also one of the reasons why a Pre-loss Property Inspection is so helpful as it narrows the timeframe during which the damage could have been caused, lending further proof to the fact that the damage was caused during the hurricane. Making repairs to your property, unless taking emergency measures to protect your property from further damage, is not recommended. The burden of proof is on you to show and prove damage to the carrier. Filing an insurance claim after you have repaired your property will not help your hurricane claim. Looking for the Best Public Adjusters in 33434? At Reliant Insurance Adjusters, we have the knowledge, understanding and experience necessary to obtain the highest claim settlement. We are well respected in the industry and are prepared to handle any residential and commercial claim. Whether you have questions about a claim, or you have been denied or underpaid on your claim, please do not hesitate to contact us. Settling claims today is complicated and we are ready to assist and guide through the process.  You likely chose to live in a condominium to make life a little simpler and to free yourself from the headaches or maintenance that comes with owning a home.
However, much like homeowner’s insurance is a critical element of owning a home, having the proper condo unit owner’s insurance is also important. Although your condominium association carries insurance, that is not necessarily going to provide coverage for your portion of the unit, your personal belongings, liability, or your loss of use. If you are currently in the market for the perfect condo for you and your family, keep in mind that you will need to invest in insurance, not only because it is required by mortgage lenders, but also because it will give you peace of mind. What does your Condominium Association Insurance Policy provide? The simple answer is that it typically covers everything from your drywall outward of your individual unit. Your condo association has what is called a Condo Master Policy. This policy covers the building itself, and that usually includes the common areas, offices or staffing spaces, and the building structure itself. If someone is injured on the property, in certain common areas, or if something goes wrong with the shared amenities and equipment such as elevators and other building systems, this policy covers those circumstances. However, it does not cover your own personal property nor the portion of your unit you own and are responsible to replace in the event of damage. Condo owners in Florida used to be required to purchase condo insurance by state law, but this is no longer the case. That being said, you should consider your risks and be aware that your mortgage lender will require it, and your condo association may also require it. What does your Condo Insurance Policy Typically Cover? Condo insurance policies (also known as an HO-6 policy) can be customized to fit your needs. In basic terms, condominium insurance provides coverage for your unit where condominium association insurance does not. A typical condo insurance policy covers your personal belongings and pays out if someone is injured inside your condo. You are responsible for the interior of your unit, so think “wall covering-in” to help define It. For example, wall texture, paint or wallpaper, kitchen, bathrooms, cabinetry, flooring etc. Much like renter’s insurance, condo insurance covers the interior of the unit. However, renter’s insurance only insures your personal belongings. Typically, for a condo owners insurance policy, you would need personal property and liability coverage in addition to coverage for your floors, wall coverings, cabinets, and fixtures that your association’s insurance does not cover. Appliances If your appliances, like your stove or washing machine, were already in your condo when you purchased it, be aware that you are liable for them. That is because “walls-in” coverage refers to anything within your unit. Your condo association’s insurance doesn’t cover them. This is true even if you didn’t bring the appliances into the condo yourself. Personal Belongings Anything inside the walls of the unit, including any items of personal property, are your responsibility. What is personal property? I like to think of it this way - If you turn your property unit upside down, everything that would fall out is your personal property. And just like with appliances, condo association master policies do not cover unit owner’s personal property. Liability What happens if someone gets hurt in your condo and they file a lawsuit? This is just another reason to get your condo owner’s insurance policy in place. That circumstance would be covered by your personal condo insurance, and not the condo association’s insurance. Every association’s insurance policy is different regarding what each unit owner is responsible for, so it is important to review your association’s policy and condominium by-laws carefully. There are circumstances when the association documents state that you are responsible for the walls and what is inside of the walls, including windows and doors. In cases such as this, you must make sure your unit owner’s insurance policy covers these items. Loss of Use If your condo unit becomes damaged and you are unable to reside in your condo, loss of use coverage will help pay for temporary housing, including any increased cost of food and other extra expenses you incur while completing repairs. Of course, the damage must be caused by a covered loss in the policy. However, the Loss of Use limit may be calculated on a percentage of your personal property limit, so be certain to confirm this detail when purchasing a policy. Investing in the Right Condo Unit Insurance As you can see, if you do not purchase insurance coverage for your unit, none of your personal belongings will be protected, and this puts you at risk. You must always remember that a catastrophe such as a fire or hurricane can happen at any time. Life is unpredictable and it’s important to make sure you are covered if disaster strikes. Whether you are purchasing a new condo or you have an existing condo owner’s insurance policy, we are here to help. We are happy to offer free policy reviews to help you ensure you have the right policy for your needs. Give us a call today at (561) 288-6434 or contact us here. |
AuthorKaren Schiffmiller Archives
September 2022
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