Condo Insurance in Texas

Shopping for condo insurance in Texas is not always straightforward, especially if it is your first time. However, whether you are an amateur or veteran in HO-6 or condo insurance, knowing the basics is mandatory. You can always turn to insurance experts in Collum Insurance Group LLC, serving Richardson, TX, who can help you get a policy or policies that best fit your needs.

What is condo insurance?

Condominium insurance like home insurance and renter’s insurance helps protect your condo, the interior unit, your personal items, and liability in case another person is injured while in your condo or you are sued for property damage. It is essential to understand that the condo association’s coverage in Texas does not go beyond the exterior walls. That means that you need to be accountable for anything that happens to the interior walls, the fixtures, and of course, your personal items in that condo.

What perils does the condo insurance cover?

Condo insurance covers you against a wide variety of perils, depending on your insurance limits. You may need to prioritize what is more important to you, like the valuables in the condo. Most basic policies cover losses related to the following:

  • Theft
  • Fire or lightning
  • Smoke
  • Windstorm
  • Accidental discharge of water
  • Vandalism
  • Malicious mischief

How much condo insurance is adequate for me?

There is no straightforward answer to this common question because everyone has their preferences when it comes to insurance. Creating an inventory of all your possessions is a great way to start. It will help you know the value of your belongings and the cost to replace them. Extremely valuable items may need extra coverage.

Whether you own or rent a condo, protecting its contents is crucial in safeguarding your finances. At Collum Insurance Group LLC, we value what is important to you. We can help you with expert advice so that you make informed decisions as well as finding a policy that is customized specifically for you. Visit us in Richardson, TX today!