If you’re renting a condo, the answer to this question is yes – you do need insurance. Although your landlord may have insurance that covers the property, this does not mean that your belongings are protected.
If something happens to your home or possessions while you’re renting, you’ll be responsible for the costs yourself if you don’t have insurance. Here we discuss why it’s important to get insurance when renting a condo and how it can protect you in an emergency.
What’s Condo Insurance?
Condo insurance is a unique type of homeowners insurance specifically designed for condominium owners. Unlike traditional homeowners insurance, condo insurance covers the interior of your unit as well as any common areas owned by the condominium association. Condo insurance also provides liability coverage in the event that someone is injured while in your unit.
Why Do I Need Condo Insurance if I am Renting?
You may think that your landlord’s insurance will cover any damages to your belongings or the unit itself, but this is not always the case.
Even if you’re renting, it’s important to have your own condo insurance policy in place. This type of insurance can help to protect your personal belongings in the event of a fire, theft, or other covered peril.
Condo insurance can also provide coverage if you accidentally damage someone else’s property while living in the unit. If you do not have your own policy, you could be held responsible for paying for the repairs out of your pocket. This makes it essential to get a policy from a professional company such as Ellis Insurance Agency in San Antonio, TX.
Get Coverage For Your Condo
It’s important to get insurance when renting a condo. Condo insurance can protect your belongings in the event of damage or theft, and it can also provide liability coverage in case someone is injured while on your property. Now that you know how much you need a condo insurance policy, Ellis Insurance Agency in San Antonio, TX can help you find the right coverage for your needs. Give us a call today to learn more.
SafeCo’s new Wildfire Response Benefit comes with no additional costs. Read on to learn more about this (free) benefit and what it means for you.
Enrollment is completely free. It does not expire unless the customer requests or the policy is cancelled. There is absolutely no impact to your premium (no charge or discount) for this program.
All homeowner and Landlord Protection® policyholders within the designated wildfire states will receive a letter and opt-out form. There is currently no electronic opt in/out form. If you did not receive a form in the mail, please click HERE to download or feel free to contact Ellis Insurance Agency if you have any further questions.
Benefit and Partnership
Chloeta maintains a map of policies-in-force within the benefit footprint and monitors the area to determine wildfire proximity and threat level. The vendor makes operational decisions on which eligible properties are serviced and the types of services provided during a wild land fire response. Once safe access is secured, mitigation vendor services may include:
Removing pine needles and leaves from gutters
Removing flammable vegetation and items from around your home
Deploying a temporary sprinkler system to protect your home
Updating you regarding the status of your property and actions being taken to protect it
Applying a water-based gel* or firefighting foam to your home
Returning any combustible items moved and washing any fire gel or firefighting foam away after the wildfire event
*What is a protective gel barrier? “It’s an industry-leading, fire-preventing, and heat-absorbing fire-retardant gel that personnel may use to help protect your home and property. The gel particles adhere directly to a house or structure and quickly extinguish any flames or burning materials that come into contact with the gel. It creates a gelled water barrier that effectively helps protect a home or structure for several hours and may prevent internal combustion. It can be rehydrated to extend effectiveness, as needed. The gel is used as a last resort when fighting a fire. It is proven to be effective as it adheres to smooth surfaces such as glass.”