Condo Insurance in Georgia

Condominium living offers residents certain advantages over life in single-family homes, notably reduced maintenance and an increased opportunity for socializing with neighbors. However, multi-residential units still face some of the same threats as individual houses, which is why their occupants need to have condo insurance. This type of coverage is available from the Ransom & Associates Insurance Agency in Winder, GA.

Risks to Condominiums

The weather in Georgia is not always hospitable, with the area facing threats from hurricanes, tornadoes, and thunderstorms containing high winds, hail, and lightning. Such weather hazards are capable of doing great damage to the average condominium. Other threats may be accidental rather than natural, with fires a major factor in property damage and destruction. The criminal activity also represents a significant threat to property. Some risks are financial in nature, with condominium occupants facing lawsuits stemming from their actions, their family members, or even their pets. No matter the threat, the residents of condos in Georgia can obtain the security they need with condominium insurance.

The Need for Condo Insurance

Condominium association insurance normally covers only common areas of the building, including the roof, basement, and outside walkways. Individual plans are thus needed to cover everything else. Such plans will help deal with damage to areas inside the units, such as floors and inner walls. They will also cover personal property, including furniture and appliances, destroyed or damaged in fires or certain weather events, or stolen property. Liability insurance is needed to protect the occupants from legal action if a guest suffers an injury while inside the dwelling. Individual policies may also be useful when damage to common areas exceeds the coverage of the association insurance. Condo dwellers need expert advice to help them understand their own insurance requirements. We can provide that information when you contact the Ransom & Associates Insurance Agency in Winder, GA.