The Poland Agency | Condo Insurance

Condo Insurance In Ohio

When you first purchase a condo in a community, you are often met with an insurance policy that you and other condo owners pay monthly. This policy is not meant to protect your personal condo space, which is why we offer a condo policy meant just for you at The Poland Agency.

Is It Required?

While the state of Ohio does not require condo insurance, if you have a mortgage on your condo, your lender will most likely require this policy until the condo is paid in full. However, the benefits that come with your condo insurance policy are significant.

What Is Included in Your Condo Policy?

When you purchase a condo insurance policy, you get access to the following:

Personal Property Protection
Comprehensive Coverage
Internal Structure Protection
Liability

Personal Property Protection

The property within the four walls of your condo holds your property. In the event of a tragedy like an accidental fire, your property could be destroyed and need to be replaced. With this portion of the policy, you can get the coverage to replace damaged items.

Comprehensive Coverage

Suppose your condo is the victim of a vandalism or burglary incident. In that case, you will also be covered with your condo insurance to replace any stolen items and correct any damage to your property.

Internal Structure Protection

While the shared policy you have with other condo owners protects outside structures, any walls or pipes damaged within your condo are not covered if it is not shared with another property. With your personal policy, you can get the coverage you need.

Liability

When you have guests over, if they are hurt while inside your condo, your policy will cover any medical expenses or property damages that you may be responsible for.