At Diehl Insurance we help people protect their homes – whether a single family house, rental apartment, mobile home or condo. But Condominiums can be among the most confusing to insure and frustrating when filing a claim.
Why? For most “home” insurance policies there are three parties involved. You, your insurance company, and your contractor. In a condominium claim you ALSO have your condo association, their insurance company and their contractor involved in the settlement process.
Many Condominium Association policies include some coverage for unit owners – but coverages vary widely and may have deductibles of $10,000 or more. As the “Policy Holder” THEY decide if they’ll file a claim on your behalf or not. The association also has the power to “assess” unit owners for damage after an incident such as a fire or storm. To top it off – the association coverage can change any time.
Protect yourself and your property by selecting coverage for loss assessments, choosing low deductibles, and covering your building costs – even when the association says you’re already covered. Peace of mind – just in case.