Condo Insurance in Georgia

Condo insurance may not be common within Georgia, but it is slowly becoming an essential coverage due to its benefits. From providing liability to living expenses coverage, Georgia residents can rest assured that their possessions are protected year-round. Below, Garrison Insurance Group of Lilburn, GA breaks down policies to consider investing in.

Personal Property Coverage

Personal property coverage takes care of the contents within your condo. These are items such as clothing, furniture, and electronics. If you need repair or replacement costs, this policy allows you to recover your property when fires, theft, vandalism, or lighting incidences occur.

Building Property Coverage

Building property coverage protects the interior of your condo. Examples of items covered include the sinks, floor, and cabinetry. Other permanent fixtures, such as bookshelves, are also covered, limiting your expenses when covered perils occur. These could be hail, fire, or vandalism.

Liability Insurance

Liability insurance takes care of bodily injury and property damage claims. If a guest gets physical injuries at your condo, bodily injury liability will kick in to cover the hospital expenses. Property damage liability will come in handy when your guest's property gets damaged and will reimburse you for the repair costs.

Loss Assessment Coverage

Occasionally, condo owners may be required to contribute to shared losses when the master's policy becomes exhausted. This policy compensates you for such expenses, allowing you to cater for additional repairs outside your condo.

Loss of Use Coverage

Also referred to as additional living expenses coverage, this policy protects you when you need to pay extra expenses to cater to your living needs. These could be accommodation fees or meal expenses when your condo becomes uninhabitable due to covered perils.

Condo insurance should be on your priority list. Whether you need to protect your guests or are looking to protect your possessions, Garrison Insurance Group has you covered. Our Lilburn, GA agents will take you through our policies designed with your needs in mind.