Living in a condominium combines the perks of homeownership with the joys of community living. However, this lifestyle demands a unique set of insurance needs. At Blue Hen Insurance LLC, we frequently receive inquiries from condo owners in the greater Middletown, DE, area about the necessity of personal insurance when their Homeowner’s Association (HOA) already possesses coverage. Let’s explore why having your own condo insurance is indispensable.

Understanding HOA Coverage

Your Homeowner’s Association (HOA) likely maintains a master insurance policy. Typically, this policy covers the structure of the building and the common areas, extending to components such as the roof, elevators, and shared spaces like hallways and lobbies. However, this coverage frequently ceases at the edge of your unit’s walls, leaving your interior and personal possessions defenseless.

Protecting Your Personal Space

Condo insurance, also called an HO-6 policy, is intended to bridge the protection void left by the HOA’s policy. It safeguards your personal belongings, interior walls, appliances, and any improvements or renovations you’ve implemented within your unit. It also provides liability protection, which becomes crucial if someone incurs an injury within your home.

Learn More about Condo Insurance in Delaware

Your personal condo insurance protects you from unexpected incidents, such as theft, fire, or water damage. Knowing that your investment and personal belongings are safeguarded brings peace of mind. Without it, you could face a steep financial burden if disaster strikes.

Even though your HOA’s insurance policy covers certain aspects of your condo, it falls short of offering complete protection. Blue Hen Insurance LLC, serving the greater Middletown, DE region, is committed to helping you understand your coverage needs and ensuring comprehensive protection. Don’t hesitate to contact us to understand how acquiring condo insurance can afford you the peace of mind you merit.