Renters Insurance
Surprising to many, renters insurance is extremely affordable! We shop our most trusted carriers to find you the coverage for a reasonable cost. Renters policies can generally start at less than $20 per month and only increase when adding additional coverages.
Although you do not own your home, your valuables are still important enough to want protection from the unexpected. Think about your big-ticket items such as your computer, smartphone, jewelry, collectibles, furniture, and clothing. If these items are damaged by fire, theft, or vandalism, your renters insurance policy can protect you from financial loss. Personal belongings in your vehicles are also covered.
Condo Insurance
At Compass Insurance, we are prepared to discuss the do’s and don’ts of condo insurance with you. We understand that every condominium complex is unique and every condo owner has unique condo insurance needs.
Condo Insurance covers the following:
- Significant losses and damages to the interior of your condo caused by a fire or some other damaging event. This is very important in the event your condo association only carries a bare-walls master policy.
- Protection against damage or theft of your personal property like clothes, furniture, electronics, etc.
- Personal liability in case someone gets hurt while visiting you in your unit – this will cover any medical or legal expenses you may incur.
- If you find yourself in a situation where you cannot live in your condo for an extensive period of time, your condo insurance policy may help you cover some, or all, of the hotel and living expenses you accumulate over this period of time.
- Loss assessment coverage becomes necessary when your condominium building suffers an extensive loss and the costs to repair or rebuild go above those covered by the master policy. The condo association may ask you and the other condo owners to assist with this overage at which point you would be covered if your condo policy includes loss assessment coverage.
Items typically not covered by condo insurance include wear and tear on the unit, earthquakes, flooding, and sewer backup.
Contact Us to learn more about renters insurance or condo insurance and how we can assist you with your policy.