Com-Co Insurance Agency Inc serves the Mount Prospect, IL community, as well as the surrounding states. We are committed to helping our clients find policies that will secure the futures of not only themselves, but their families as well.

Researching Condo Insurance

Staying in a condo means that you’ll have to deal with different insurance risks compared to living in a home. In order to secure your unity and all of your belongings, consider purchasing condo insurance. As you start researching different condo insurance policies, here are some things to consider.

Master Policy

Look at the condo’s master policy. The master policy should outline which parts of the condo are insured and which parts are not covered. Primarily, there are two types of policies. The bare wills in policy covers more of the outer framework. The more thorough master policy covers all of the fixtures and installations inside of the condo.

Recent Upgrades Are A Factor

Pay attention to any new amenities in the unit, such as new flooring or countertops. That should give you a good estimate of how much coverage you should purchase. If you prefer cash value, then your condo insurance policy will replace the value of a stolen item. Any depreciation is also considered when determining the cash value. If you choose replacement coverage, then you’ll be compensated so that you can purchase a new item.

Natural Disasters

In order to ensure that the content and structure of your condo is covered, make sure that you have a clause in your condo insurance policy that will cover the unit if there is a hurricane or a severe flood damages the property.

Contact Com-Co Insurance Agency Inc

Com-Co Insurance Agency Inc will guide you as you evaluate your options. Visit our website to learn more information about our Mount Prospect, IL office.