home insurance

Insuring Your Home Away from Home: What You Need to Know About Condo Insurance

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Owning a condominium can offer an exciting retreat from your primary residence, without the full responsibility of maintaining a standalone house. However, it’s crucial to ensure your condo is adequately protected. Here’s what you need to know about condo insurance.

What is Condo Insurance?

Condo insurance, typically known as HO-6, is different from homeowners’ insurance. It works in conjunction with your condo association’s policy.

Usually, your condo association’s policy covers the overall structure of the building, as well as common areas such as hallways, lobbies, and the building’s roof. Their policy typically does not cover what’s inside your unit, including structural components like walls and flooring, appliances, and personal belongings. Understanding the details of your building’s insurance policy can help ensure that your personal HO-6 policy fully covers your condo.

What Condo Insurance May Cover

Your individual coverage will depend on your policy. Typically, condo insurance covers the gaps left by your building’s policy. Condo insurance may offer dwelling coverage for interior repairs, liability protection in the event that someone is injured in your unit, personal property coverage to protect against stolen or damaged belongings, and loss of use coverage in the event that you’re temporarily unable to access or use your condo due to damage.

Rickey McGill Insurance Agency: Proudly Serving Arlington

At Rickey McGill Insurance Agency, we’re proud to serve condo owners in Arlington, TX. Whether you’ve recently purchased your first condo or you’re looking for a new vacation home, we’re excited to get to know you and help you find the right policy for your needs. Reach out to us or stop by the office to chat and learn more about our coverage options.

Preparing your home for an emergency

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Residents of Texas are all too familiar with the chaos that can result from the emergencies and natural disasters the state has experienced in recent years. At Rickey McGill Insurance Agency in Arlington, TX, we are here to ensure that you have insurance coverage to help you recover from the losses caused by an emergency or natural disaster.

Emergencies often occur with little warning. It’s crucial to be prepared at all times to protect certain possessions and essential documents. Whether it’s a tornado, a flood, or an ice storm, it’s important to have your important papers together in one place so that you can grab them and go if necessary. They should also be stored in a water and fire-proof container.

Having a generator can make a significant difference between living life as close to normal as possible and having to rough it. Ensuring that you have fuel to run it is essential. Having lanterns and candles is vital if you don’t have a generator. We often take water for granted, which may be in short supply during an emergency. Having water for drinking, washing, and flushing the toilet is an important part of preparation.

Secure outdoor items. Bring in or put away anything that could become a projectile. Clean the gutters so that they flow freely, and keep trees and bushes well trimmed. Sandbags can come in handy if flooding occurs. Also, have an escape route if you need to leave the area.

When you have home insurance questions and needs, our Rickey McGill Insurance Agency team in Arlington, TX, can provide the answers you need. Call us or contact us through our website.