Alabama Condo Insurance (HO6)

Many people are moving toward condominium living for the easy home maintenance and social atmosphere, making it a popular choice for residents throughout the state. When you live in Alabama, it’s imperative that you have a policy that covers you in the event of a natural disaster. As a condominium owner, it is important to understand what is covered by your personal insurance policy and what the condominium association maintains. Make sure that you check your insurance limits before disaster strikes. At Heritage Casualty and Property, our agents will help to keep you up-to-date with local ordinances and laws to make sure your property is restored to its original form after an emergency.

Items covered by the condominium association are outlined in their master policy. A thorough review of the master policy by a Heritage Property and Casualty agent will provide you with the information you need to obtain the proper amount of condominium insurance for your specific unit. Property damage or personal liability claims are covered when they are caused by accidents in swimming pools, community centers, elevators, and hallways. If someone visiting your condominium unit has an accident or suffers an injury, you might be held liable. Your Heritage condo policy may include the following:

Personal Liability Coverage

Personal liability coverage is part of your Heritage condo insurance HO6 policy. This part of your policy provides coverage for property damage and bodily injury to others. You may be held accountable for damages and medical payments for a visitor due to a fall or other mishap in your condo. When these accidents occur on your property, you are legally responsible, even if you aren’t present. You may also be held liable for accidents occurring away from your property when they are caused by you or family members who live with you. Personal liability covers both your legal defense and damages if you are sued, up to the limit of responsibility, as well as any necessary medical payments.

Alabama Condo Loss Assessment Coverage

When applying for your Alabama condominium insurance policy, you need to know the coverage of the master condominium association policy. Did you know that the condominium association master policy limits might cause problems for you and other tenants in the condo association? If excessive damage occurs to property grounds, you and your neighbors may be responsible for making up the difference. Make sure you review the condo association’s master policy with your Heritage agent when setting up your condo insurance policy.

Personal Property and Valuables

Having to purchase the contents of your home all over again is very costly, so be sure to inventory your belongings and maintain enough coverage for your policy to be truly effective. Personal property coverage allows for the Actual Cash Value payment for clothing, household furnishings, and other personal property, up to specified limits, in the event of a covered disaster such as fire. In addition to basic items, we also have additional coverage options available for increased limits on jewelry and fine art, as well as a replacement cost option on the personal property. Protecting your main dwelling is essential, but so is the replacement of furniture and other items you use every day.

Permanently Attached Building Items inside the Condo Unit

Your Heritage condominium insurance policy (H06) provides coverage for structures which are permanently attached to your condominium on the inside. This type of coverage could include items such as hardwood floors wall furnishings that the condominium association’s master policy would not cover.

Contact Your Alabama Heritage Insurance Agent

Contact your Alabama insurance agent to determine the levels of coverage that are right for you and to learn more about our condominium insurance products. Get the peace of mind you need with a policy from Heritage Casualty and Property. By speaking with an agent today, we will provide you with the information you need to secure a policy that’s right for you and your family. If you should need to report a claim, we will be there for you 24 hours a day, seven days a week to process your claim quickly and efficiently.

This information is provided to you as an overview of our products and services. Consult your insurance agent to understand all of the provisions, limitations, and exclusions that are part of a standard condominium insurance policy.