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All-Star Insurance Brokers Inc

2821 S Parker Rd Suite 455
Aurora, CO 80014

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Four mistakes to avoid when you buy condo insurance

Insure your condo in Aurora, CO, with an insurance policy from us at All-Star Insurance Brokers Inc. It’s important to make the right decision when buying condo insurance and to avoid mistakes that could cost you.

Here are four mistakes to avoid when you buy condo insurance. 

Failing to read over your policy carefully

Condo owners should read the fine print of any condo insurance policy they’re interested in buying. Reading over your policy will help ensure that you fully understand the coverage that you have for your property. 

Thinking you don’t need added liability coverage

It’s unpleasant to think about the possibility that you’ll face a lawsuit as a condo owner. Unfortunately, it’s always a possibility that you could face liability issues down the road. That’s why you should invest in added liability coverage to protect your assets. 

Neglecting to update your condo insurance policy periodically

Condo owners may want to update their condo insurance coverage once in a while. You’ll want to change your coverage if your financial situation changes or if you invest in costly renovation projects that impact your condo’s value. 

Assuming you’re covered for flood damage

Condo insurance policies don’t usually come along with coverage for flood damage. If you live in an area where flooding is likely, you’ll need to invest in a separate flood insurance policy. Otherwise, you could be left having to pay for flood damages out of your pocket. 

Call us at All-Star Insurance Brokers Inc. if you need to insure your condo in Aurora, CO. We’ll be happy to give you the coverage you need to protect your investment in your home. 

What benefits come with condo insurance in Colorado?

Owning a home in the Aurora, CO area can be an ideal housing option. When looking for a home to purchase, getting a condo can be a good option as you will have fewer maintenance requirements and will receive various amenities. As you are looking for a condo here, it is also necessary to get the right insurance. Your condo insurance plan will offer various benefits that make it worth the investment. 

Coverage for Assets

It is also a good idea to get a condo insurance plan to ensure assets are covered. There are a lot of assets that will come with a condo purchase. This includes your dwelling, fixtures, appliances, and other items. Further, you will be bringing all of your personal items into the new home as well. A great way you can be assured that these items are protected is by getting condo insurance, which will give support if your assets are damaged or stolen. 

Meet Requirements

You will also benefit from condo insurance by being in good standing with any requirements. The typical condo owner will have various requirements for insurance. If you have taken out a loan or are part of a larger home association, you will likely have specific insurance requirements. When you carry a full condo insurance policy, you will be in good standing with these requirements. 

Give Us A Call

Owning a condo can be a great idea for those looking for a new housing option in the Aurora, CO area. When you are looking for insurance for your condo, it could be a good idea to work with our team at All-Star Insurance Brokers Inc. Our insurance professionals at All-Star Insurance Brokers Inc know the value of this coverage and will ensure you are able to build a plan that meets your needs. 

Moving to a condo? Don’t forget about insurance!

If you are in the process of buying a condo in the greater Aurora, CO area, it’s time to meet the team at All-Star Insurance Brokers Inc. We will help you find the right insurance to fully protect your new home.

Finding the right condo insurance for your needs

Owning a condo is a great step toward a low-maintenance lifestyle. Of course, this doesn’t mean that a condo doesn’t require any maintenance or upkeep at all. Condo living can be a lot more carefree than living in a house, but it is not without its responsibilities. When it comes to protecting your unit, there are a number of different options available. It’s important to understand the unique needs of condo insurance protection.

A condo building generally has an overall insurance policy that covers the building structure and common areas. Unit owners are required to hold their own policies to protect the interiors of their units along with their belongings. Determining the correct level and amount of insurance coverage for a condo policy is an important decision.

When a condo owner experiences damage to their unit, it is usually their responsibility to fix it. This can even be the case if the damage is the fault of another unit owner. Accounting for this reality is an important part of the selection policy when it comes to choosing the right policy. 

We are here to help with all types of insurance

Aurora, CO residents can rely on All-Star Insurance Brokers Inc. for condo or any other type of insurance. If you are thinking of purchasing a condo, let us help you find the right policy for you! Come by our office, or give us a call today.

Three Types of Protection From Condo Insurance

Condo insurance is a must for anyone who owns a condo. It provides three different types of protection to condo owners. If you have a condo, call us at All-Star Insurance Brokers Inc in Aurora, CO to find out more about getting your condo insured. 

Possession Protection

One of the main coverage types that condo insurance gives you is protection if your possessions are destroyed or damaged. This coverage can help you to replace items that are lost in a disaster or calamity. With this protection, you won’t have to start over from scratch if the worst should happen to your belongings. It’s an important type of coverage to allow you to get back to normal life after a terrible incident. 

Liability Protection

What happens if you have a guest in your condo and that guest gets sick or becomes injured? Generally, the liability will be for you. You will have to pay the medical bills and/or damaged property costs if you are judged to be at fault for the incident. With condo insurance, you have a set amount of liability coverage. If an accident happens, the insurance will pay up to its maximum to not get sued for the bills. 

Home Protection

If your condo were to be extremely damaged or destroyed, you would not be able to live in it, at least for a while. So, what do you do? If you have condo insurance, the policy will pay for you to move somewhere that is habitable for the duration. It can even pay for some of your expenses as you move. 

Get Condo Protection

If you don’t have your home covered by condo insurance yet, give us a call at All-Star Insurance Brokers Inc in Aurora, CO. Your home and your possessions should be covered to protect your standard of living. 

Do I need a Colorado condo insurance policy?

Those that are in the Aurora, CO area will have plenty of housing options to choose from. One option to consider is to get a condo. When you purchase a condo, you are also going to have a variety of insurance obligations. There are several reasons why someone here will need to get a full condo insurance policy. 

Required by Association

One reason that you will need to get a condo insurance policy is if the condo association requires it. A condo association will have a variety of rules that are intended to protect all property owners in the community. When all the owners have proper insurance, it will protect everyone else. This insurance ensures that you can pay for any liability claims and repair your own property.

Mortgage Lender Requirement

Another reason that you will need a condo insurance policy is that your mortgage lender could require it. Anyone that has taken out a loan for their condo purchase will have insurance requirements in their documents. These insurance requirements will usually stipulate the type and level of condo insurance that you need. Ultimately, this helps to protect your asset, which in turn will protect the lender’s collateral.

There are a lot of reasons why someone may need a condo insurance policy in the Aurora, CO area. When you are looking for insurance here, it would be an excellent time to speak with the team at All-Star Insurance Brokers Inc. When you call the team at All-Star Insurance Brokers Inc., it will ensure that you are made aware of all of your condo insurance options. These insurance professionals can also help you to pick a policy that will keep you in compliance with your various insurance obligations.