Category: Condo Insurance

Condo living provides the perfect combination of community and amenities that many people crave. It’s a great way to simplify your housing arrangements and get many services, such as maintenance. However, condo renters still should consider investing in condo insurance. At Swartz Premier Group Insurance, serving Moberly, MO, and the surrounding areas, we want to help condo owners and renters make the best insurance choices. Let’s look at a few reasons why condo insurance is a good investment. 

Peace of Mind

One of the main advantages of purchasing condo insurance is the peace of mind that it’ll provide for you. Although the condo management or owner will have insurance on the property, this type of insurance doesn’t provide any coverage for your personal belongings. It often doesn’t cover the interior of the condo, either. It’s your responsibility to get insurance coverage for these things. This way, if there is an event such as a fire or natural disaster, your possessions and the interior of your condo will be covered. 

Future Financial Security

Another reason to consider condo insurance is because it can help your future financial security. If something happens to your condo and you don’t have insurance, you’ll be responsible for paying out of pocket to replace your possessions and possibly to repair the condo’s interior. Paying these significant expenses out of pocket suddenly could create a financial hardship for you. Investing in condo insurance provides a layer of protection for your future financial stability. 

If you’d like to learn more about condo insurance or any of our other insurance products, please contact us at Swartz Premier Group Insurance. We serve Moberly, MO, and the surrounding areas. We are here to help with your insurance needs.

People who are living in the Moberly, MO area will find there are plenty of great housing options. One option to consider is to purchase a condo, which comes with many benefits of homeownership without all the costs of responsibilities. If you are going to live in a condo, you do need to make sure that you are insured. You could face various consequences if you do not have a full condo insurance plan. 

Penalization and Violation

One consequence that can come when you are not covered with insurance for your condo is that you can be penalized and face various penalties. A condo owner will likely be subject to various rules and regulations set by a condo association. Further, you will likely be required to carry insurance if you have taken out a mortgage. If you do not have coverage, either the association or lender could place you in default and charge penalties. 

No Coverage

More importantly, when you do not have insurance, you will not have any coverage. A condo insurance plan covers various assets and will offer liability coverage. When you are insured, this can provide very helpful support that will ensure you have financial protection against various risks. If you don’t carry a proper condo plan, you will not receive this coverage or support. 

Consult With Us

It is clearly important that you get a condo insurance plan for your home in the Moberly, MO area. When you are ready to start looking for a plan here, you can call our team with Swartz Premier Group Insurance to discuss your needs and build the right plan. Our professionals with Swartz Premier Group Insurance know the value of this coverage and will ensure you are able to build a plan that is ideal for your situation. 

When it’s time to buy a condo, it’s also time to get a condo insurance policy. Every owner of a condo needs condo insurance for several reasons. It is excellent coverage that protects you against a wide range of events that can happen and damage your condo. However, it’s also generally required for condo owners to have it. Your condo board and lenders will each require it. If you need to arrange for a condo policy to take effect, call us at Swartz Premier Group Insurance in Moberly, MO to get started. 

Why Condo Insurance?

Dwelling Coverage

One of the most important types of coverage that come with a condo policy is coverage for the dwelling. This covers the condo portions that you own against a wide range of risks such as accidents and certain disasters. There will be many different types of risks outlined in the policy that tells you what will be covered. When a damaging event happens and causes damage to your condo, you would be responsible for all of the repair bills without a condo policy. When you’re covered, the policy pays for the repairs and protects you financially. 

Possessions Coverage

It isn’t just the condo itself that can get damaged. It’s also everything inside it. When those items are damaged in the event, your condo policy can also pay to have those possessions replaced. This is essential coverage when you consider how much it would cost to replace the things in your home. 

Liability Coverage

Another form of coverage that you get from these policies is for liability. This protects you in case someone enters your condo and has an accident there with injuries. The policy can pay for the medical bills that result from this accident, so you don’t have to. 

Get Condo Insurance Today

When it’s time for a condo policy, call us at Swartz Premier Group Insurance in Moberly, MO. We are here to help!

Owning real estate is a good option for those in the Moberly, MO area. If you want to own a home here, but do not want all of the maintenance obligations, purchasing a condo can be a good idea. Along with looking to buy a new condo, you should also start looking for a new insurance policy.

Having this insurance support will be needed for a few reasons:

Cover Assets

A primary reason to get any type of insurance is to protect your assets. If you are a condo owner, a condo insurance plan can provide very valuable support. With this type of coverage, you will have protection for both your condo as well as your personal assets within it. This can be quite helpful if you incur a loss due to bad weather, fire, vandalism, or even theft.

Comply with Insurance Requirements

When you are a condo owner in this state, it is very likely that you will be required to carry some form of condo insurance. Most likely, you will be part of a larger home association that will have very specific insurance rules. Further, you will have standards that need to be met to comply with your mortgage lender. With a proper condo insurance plan, you can stay in compliance with all of these requirements.

Give Us A Call

If you want to purchase a condo when you are in the Moberly, MO area, spending time assessing your insurance needs is important. As you are looking for a policy in this region, you should start the process by speaking with Swartz Premier Group Insurance. There are many choices to make and Swartz Premier Group Insurance will give you the support you need to choose a plan that is ideal for your situation.