The state of Florida is a beautiful place to live, but having good Florida condo insurance is absolutely essential for your protection and the enjoyment of the Florida lifestyle. Water sports and water play are very much a part of outdoor Florida living. Many residents opt for condominium living because it offers them more time to enjoy all the things they love to do without the maintenance and headaches of a single family home. Condos located on the many Florida waterways are highly prized and plentiful but they do require more insurance than just the policy through your HOA.
Many people think that because condominiums have homeowner associations their condo is fully covered under the umbrella insurance policy of the building. This is not the case. In fact, it is essential that a condominium owner have his or her own Florida condo insurance. There are at least five types of coverage that are highly advised. In Florida the many waterways, add to the need for the most comprehensive coverage you can afford.
Full insurance coverage on the contents of your condo is essential. This is coverage that protects against such things as fire, theft, and flood. You will want to make sure that all of your furniture and personal possessions such as art collections, jewelry, furs, clothing and memorabilia are fully covered. Take photographs of all your items and prepare a detailed inventory list including receipts if you have them. Keep this file in a safe deposit box or other safe location away from your condo.
Personal article floater policies are extremely important for those who have very valuable possessions. This type of policy protects against loss of expensive camera equipment, laptop computers, jewelry and other miscellaneous items that may prove to be extremely expensive to replace. Look for an insurance company that will replace these items with no deduction for depreciation. Many Florida condo insurance policies offer this option.
A personal injury policy will offer protection for such things as libel, slander or other personal injury causes of action that may occur with in the confines of your condo. If you are a person who is very involved in the community, very prominent or high profile it is wise to have this type of coverage. Along with this policy, you should also seek identity theft protection. This will protect you in case your personal papers are stolen or otherwise appropriated from your condo and your credit or good name becomes compromised.
A good Florida condo insurance policy should also protect you if your condo is located on a waterway and you have pleasure watercraft close by. Many Florida condominium complexes come with private docks or docking privileges. In this event, you will want your Florida condo insurance to expand to your pleasure craft and your boating dock. Enjoy your wonderful Florida home with peace of mind. Call your agent today for the best Florida condo insurance you can buy.
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