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Foley, AL 36535

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Three details you shouldn’t overlook when you buy condo insurance

Buying the right condo insurance coverage is important. Do you need to learn about your condo insurance options in Foley, AL? Southern Risk Associates can provide you with the information you need on condo coverage.

The following are three details you shouldn’t overlook when you buy condo insurance:

Discounts that are available to you

Condo owners should know that there may be numerous insurance discounts available to them.

You could enjoy discounted condo insurance by paying for your policy upfront rather than one month at a time. You might also get a discount for bundling your condo insurance with another insurance policy you have by purchasing your condo insurance from the same provider. 

Be sure to ask a representative from your condo insurance company about any discounts you might be able to enjoy. 

Coverage limitations

While condo insurance covers a lot of potential damage to your home, there are some limitations on standard condo insurance policies.

One of the most important limitations to be aware of is the lack of flood coverage on a standard condo insurance policy. You’ll need to invest in a separate flood insurance policy if you want flood damage to your condo to be covered by insurance. 

Optional coverages

Certain types of coverage are optional on a condo insurance policy. Some common optional coverage offerings include water backup coverage and scheduled personal property coverage. Be sure to consider these options to devise a policy that is optimized for your needs. 

We Are Here To Help

We’ll help you address all the most important considerations when you choose condo insurance. Let us insure your property in Foley, AL to protect your investment. Call Southern Risk Associates to get a quote on a policy today!

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