Affordable & Dependable New Hampshire Condo Insurance Coverage
Regardless of whether you rent or own a condominium, it’s important to ensure that your home is properly protected from potential risks with New Hampshire condo insurance. You may believe that your condo association provides insurance that fully protects your home, especially if you’re paying a significant annual condo fee, but unfortunately this isn’t always the case.
In most cases, the common and structural areas of the property are insured under a condominium association policy, or master policy. While this type of policy covers the roof, the basement, elevator, parking area, swimming pool, exercise space, walkways and exterior walls, among other things, it typically doesn’t provide coverage for the things that make your condo a home: your personal possessions. It also generally won’t cover any property damage that occurs inside your living space.
For instance, unless you have a separate New Hampshire condo insurance policy, water damage resulting from a leaking pipe somewhere in the building that finds its way into your condo will typically not be covered. Similarly, in the unfortunate event that your condo is burglarized, you will not have coverage for any items stolen from your condo without a separate condominium policy.
What New Hampshire Condo Insurance Covers
If you live for even part of the year in a unit that is owned and insured by a condominium association, town home association, cooperative, homeowner association or planned community, condo insurance is a wise investment. This type of coverage differs from a standard home insurance policy since the structure of the condo isn’t covered, but it does protect you from the same perils as homeowners insurance, including fire and smoke damage, windstorm or hail, lightning, theft, vandalism, plumbing water damage and frozen pipes, falling objects, and impact from vehicles or aircraft.
New Hampshire condo insurance also provides personal liability coverage to protect you should your visitors get injured or you accidentally damage another person’s property, as well as additional living protection should you need to relocate while your condo unit is repaired.
It can be complicated to understand what is covered by your condo association’s policy and what requires additional protection. At Knapton, Reade & Woods in Hillsborough, NH, our agents can help you better understand condo insurance, answer your coverage questions and help you determine how much coverage is appropriate for you.
As independent agents, we work with many different insurance companies and can provide you with a choice of affordable NH condo insurance rates and coverage options, matched with excellent service. We are proud to service Hillsboro and the surrounding communities, providing condo insurance in Weare, Hopkinton, Henniker, Deering, Bennington, Washington, Windsor, Antrim, and all of New Hampshire. To get a free New Hampshire condo insurance quote, please call us at 603-464-3422 or submit our online quote request form.