Condo Insurance in Texas

Condo insurance is different from other types of homeowners insurance in that you are not responsible for rebuilding and replacing the common areas of the condo or the building structure when it comes to insurance protection, though you will want to have liability coverage for the common areas as well as your own condo unit. But other than that, the condo association is responsible for maintaining and purchasing insurance for those common areas and improvements made in them.

So, what’s the responsibility of individual condo unit owners? You do need insurance for your condo unit. While it isn’t necessary to buy condo insurance for the building itself when you’re looking for condo insurance in Midland, TX it is necessary to have insurance for some of the things you might believe would be part of the building, including the following:

• Floor coverings.
• Countertops.
• Wallcoverings.
• Lighting fixtures.
• Bathroom and kitchen fixtures.
• Cabinetry and hardware.

When you purchase specific condo insurance it covers your personal property and the interior of your unit, which includes all the items listed above. It also provides insurance protection for additional living expenses while you are waiting for repairs to your condo for covered events.

As a condo owner, you want to be particularly mindful of limits to coverage for personal property, especially for things like fine art, jewelry, furs, antiques, collectibles, etc. Your standard policy has limits that are far less than the value of these items. Ledford Agency LLC can help you identify valuable items that might require additional protection beyond what your condo insurance delivers.

Additionally, building codes in Texas are constantly changing. You may need additional protection to help bring your unit up to the current code requirements when all is said and done. We can help you fill in any gaps in insurance coverage you may have so that you have the total insurance protection you require. Contact Ledford Agency LLC today to learn more.