Owning a condo unit is not the same as owning a single house. You want to make sure your home, belongings, and the people living in the condo are protected.
A house is probably your largest investment. While sheltering you, it is exposed to many risks such as weather, crimes, and accidents. In order to save your abode from the unexpected costs of these events, a homeowners good homeowners insurance policy is a must. It not only protects your home but will also give you a sense of security. There are many factors to consider in selecting the right homeowners insurance for you. It is also important to be informed of the most common claims. Here are the top 5 prevalent causes of home insurance claims.
We’ve heard lots of renter horror stories. Someone may break-in your apartment and steal valuables or a collapsed ceiling in a rented townhouse may ruin the furniture. Broken water pipes may flood the whole apartment and leave the renter without a place to live. These incidents make renters insurance a necessity wherever you live.
Does living in a traditional house bore you? Or tired of mowing your lawn and doing yard work? You might want to consider the idea of downsizing and staying in a condo.
Nowadays, high-rise developments are emerging as the demand for condo living is starting to gain status. Such property is suitable and ideal for first-time homebuyers who are busy with work and cannot manage to maintain a single-family home.
Being a new owner of a condo unit, you may feel very proud of your new home. You may even feel giddy to start condo living. But before anything else, you should have yourself protected with condo insurance.
Although you may think that it’s similar to home insurance, it’s actually very different. And with that, you may find it confusing to understand. To help you understand it better, we’ll answer three frequently asked questions.
If you live in a condominium, you’re sharing the building with other people. That means you share elevators, garage, fitness centers, and other amenities. To have some sort of order, each resident must join the homeowners association (HOA). This association sets rules and handles maintenance of common areas and the building itself. And since the homeowners own the building, they need to insure it.
There are a lot of options when it comes to buying insurance. You can visit insurance websites to get quotes online, use a smartphone app, call an 800 number, or contact a local insurance agent. There is no better way to buy insurance than from an independent agent. Of course we’re biased, but there are too many reasons to buy from an independent agent instead of from someone who works directly for an insurance company. Here are 4 of our favorites:
You Don’t Have to Shop Around
Independent insurance agents work with multiple insurance carriers, which means we can run quotes for several different insurance companies at the same time and determine right away where you’ll get the best deal. If you visit individual insurance company websites or call 800 numbers you’ll have a hard time getting more than 3 quotes an hour.
You’ll Get the Best Price
Since independent insurance agencies like Velox work with so many different insurance carriers, it’s easy to find a company that has the most competitive price for your situation. Whether you have a perfectly clean driving record or are high-risk, we’ll find an insurance carrier that wants to have clients like you and is priced accordingly.
You’ll Get the Best Insurance
Because an independent insurance agency has many different carriers to sell insurance through, they have first-hand experience working with many different insurance carriers and if an independent insurance agent has bad experiences with one carrier they’ll stop selling their insurance.
You’ll Get the Truth
Insurance agents who only sell for one insurance company are not in a position to give honest and forthright information to their clients. When a salesperson only has one option to sell you they’ll either be unconsciously biased toward their product or will consciously tell you things that are not true about the insurance company because they have no other options!
If an independent insurance agent makes a recommendation to you about which insurance company is best you can believe them. As an independent agency our loyalty is to customers, not insurance carriers.
If you’ve never worked with an independent insurance agency before don’t be surprised if you never go back. The time and money savings, policy options, and honest advice cannot be beat. See for yourself by giving us a call at 1-866-Go-Velox or click here to locate a trusted independent agency near you today.
A key difference between owning a condo or a home is what you’re responsible for insuring. When you purchase a home you’re responsible for the inside and outside of the building structure along with the land surrounding it. With condos you’re typically only responsible for the inside of your living space. Continue reading