When purchasing a condo in Illinois or Iowa, insurance is probably the last thing on your mind. However, its use becomes apparent when unexpected events strike, leading you to buy a policy. Rather than waiting for emergencies to arise, August Vincent Insurance Agency takes you through the various condo insurance options to consider getting for your property.
Dwelling coverage protects the interior structures of your condo, helping you pay for the costs of repairs and replacements after emergencies occur. Examples of structures covered include your floors, walls, and cabinets. Other permanent fixtures that are taken care of by dwelling coverage include cabinets, countertops, and sinks. Covered perils that could lead to dwelling coverage include electrical faults, fires, vandalism, and theft.
Personal liability coverage provides compensation when a party such as a guest is injured on your property. When this happens, this policy will help you take care of costs such as medical bills. In addition, if your guest's property also gets damaged, personal liability coverage will take care of the repair and replacement costs and any legal costs arising from lawsuits.
When your condo experiences perils such as fire, theft, hail, or vandalism, personal property coverage can help pay for the costs of repairs or replacements. Examples of items covered by this policy include furniture, appliances, and clothing.
Loss assessment coverage helps pay for the damage in common areas. For example, when the Masters' Policy is not enough to cover destruction in areas such as the swimming pool, condo owners will be required to pay the difference. Loss assessment coverage comes in handy here, allowing you to eliminate any out-of-pocket expenses.
Loss of use coverage pays for your additional living expenses when your condo is rendered uninhabitable due to covered perils. In addition, it ensures that your accommodation costs are taken care of and any meal costs you incur at your hotel.
Whether you need coverage that protects your belongings or need a policy for your Illinois or Iowa dwelling, August Vincent Insurance Agency is the place to be. Call us today to help you structure an ideal condo insurance policy tailor-made for Iowa or Illinois residents. We have offices in East Moline, Huntley, IL, and Davenport, IA.
"As always, thank you so much. You are the best agent I have ever worked with in the industry. I hope you stay as an agent forever!!"
"Thank you for all that you do for us, Jim. You are stuck with us as your customers for life!"
"Thank you for calling me back on a Saturday afternoon to guide me through the claims process. As usual, you have exceeded our expectations."