In Oklahoma, it isn't required that condo owners have insurance, but virtually all mortgage lenders will require it. If you have a condo, getting condo insurance is one of the best things you can do for your financial future. If you're interested in a condo insurance policy, call us at D & E Insurance Agency in Muskogee, OK.
Unlike a home policy, which covers the home in its entirety, condo insurance covers just the inside of your home. The outer areas should be insured by the condo association. The exact borders of what is covered are generally outlined by the policy of the association. Depending on your contract, your condo policy will usually cover all the interior walls, your personal belongings, including valuables, and your appliances. To find out exactly what should be covered, look at your association's master policy for clarification.
This type of condo coverage only covers the walls but nothing that is inside them. Some of these policies cover the electrical and plumbing systems, and some do not. Make sure you choose the best one for your needs. A review of the master policy may tell you whether this is a type that you are
This type of condo policy is also called a single-unit policy. It covers the indoor parts of the condo, including the carpets, plumbing, and wiring. It doesn't, however, cover your personal belongings. If you choose this type, you may need a separate policy for them.
If your Oklahoma condo needs to be insured, don't hesitate. Call us to find out more about condo insurance and which type would fit you best. Contact us at D & E Insurance Agency in Muskogee, OK to talk to an agent about this type of insurance.