Condominiums are significant investments that require protection against a range of potential losses. Like homeowners insurance, condo owners need insurance to cover their property and potential liabilities. They also need additional protection if they decide to rent their condos on a long—or short-term basis.

Our Jet Stream Insurance Group LLC team, serving the Miami Lakes, FL area, will work with you to structure the condo coverage that best meets your needs.

Condo Insurance Considerations

Condo insurance works like a home insurance policy, except that the condo association’s master policy covers portions of the dwelling and all the common areas. Your condo insurance policy generally covers:

– The condo interior, including walls and permanent structures inside your unit, such as cabinets

– Your personal property, such as clothing, furniture, electronics, and appliances you own

– Your liability, legal fees, and medical payments if someone suffers an injury in your unit

Your condo insurance does not cover injuries to renters or their guests and damages caused by a renter, so you need condo landlord protection if you rent your condo. If you rent the condo occasionally, you may gain the protection you need with a rental rider added to your condo policy. However, a separate condo landlord policy is generally the better option for long-term rentals or those who rent the property in a series of short-term rentals, such as with Airbnb. Condo rental insurance also covers loss of income if damages require your renters to move out of the condo.

Working with Jet Stream Insurance Group LLC

Jet Stream Insurance Group LLC proudly serves the Miami Lakes, FL, area and has substantial experience with condo insurance issues. Call us at (844) 267-6022 or stop by today to discuss your condo insurance options.