Congratulations on becoming a condo owner! It’s a big step, and hopefully, you will enjoy many happy years in your new community. With it comes certain requirements and possible queries and doubts. One thing is for sure: it’s paramount to ensure that you are fully protected with condo insurance. If you’re searching for a trustworthy insurance agency that serves Charlotte and Waxhaw, NC, Hausmann Insurance & Financial Services is at your service.
Things to Know About Condos
First, make it a priority to read through the community rules diligently. Certain regulations might surprise you if you have never lived in a condo before. These might include maintaining the grass to a specific length, adhering to certain decor restrictions, or ensuring that your driveway is well-maintained.
Understanding the amount of annual or monthly fees is also crucial. Ensure you budget appropriately to cover Homeowners Association (HOA) payments. Knowledge of whom to contact during emergencies is also essential.
A common mistake often made by new condo owners is the assumption that they don’t need insurance. They might believe that the insurance policy of the condo’s management organization covers their private property and the condo itself. However, speaking with the condo management team is crucial to understand what is and isn’t covered. You might find that the coverage for personal property is not as comprehensive as you need.
The good news is that you can secure a condo insurance policy. Coverage varies from plan to plan, but you may be able to find policies that protect against burglaries, home fires, storm damage, and more. If you want to discuss your options with an insurance agent serving Charlotte and Waxhaw, NC, feel free to reach out to Hausmann Insurance & Financial Services as soon as possible.
