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Condo Insurance in Alabama

Living in a condo brings a sense of convenience. But have you thought about condo insurance? Most condo owners don't fancy condo insurance because they believe they are protected by the condo owner's association (COA) policy. The truth is that the COA policy protects your condominium, but it's only limited to the exterior of your building. For assets and liabilities inside your condo, you need condo insurance from Magic City Insurance Group LLC should anything go amiss.

Condo insurance coverages

If you are shopping for condo insurance in Alabama, Tennessee, Mississippi, or Texas, here are the coverages you are likely to come across:

• Liability coverage: Suppose you cause physical harm or damage to a neighbor. Without liability coverage, you may have to incur out-of-pocket expenses. Luckily, liability claims are your insurer's headache when you invest in condo insurance. And the good thing is that condo insurance cushions the condo owner only and the liabilities caused by other family members and pets.
• Property protection: You may think that your assets don't cost much, but you will know how valuable your personal belongings are when you buy from scratch. Condo insurance understands that your assets mean the world to you, and that is why it protects them against damage or loss from fire, theft, vandalism, and other perils stated in your policy.
• Loss of use: If a peril included in your condo insurance policy damages your home, your insurer pays for the additional living expenses until your dwelling becomes livable again. This way, you don't have to incur costs like hotel food, laundry, and accommodation when your house is undergoing repairs.
• Building property: Condo insurance protects your building's interior, including the walls, floor, and roof, should a covered peril strike.

While condo insurance isn't compulsory in Alabama, it's an investment every condo owner should consider. Condo insurance cushions you financially when the unthinkable happens. Ready to invest in condo insurance in Alabama, Tennessee, Mississippi, or Texas? Don't hesitate to get in touch with Magic City Insurance Group LLC in Vestavia, AL for affordable coverage.