Owning a condo is in many ways like owning a home. But not in every way. When you own a condo, your condo association shares the insurance on your condo. The association insures the exterior of the building and the areas that are shared with other owners. You are responsible for insuring the interior of the condo and the contents. Most people have a lot more possessions than they realize. A home inventory is a record of all the items in your condo. At Assure-Us in Miami Beach, FL we have an experienced staff who would love to discuss a home inventory and the benefits to you as a condo owner.
It is too late when tragedy strikes to wish that you had created a home inventory. When your condo is damaged by a covered event you will be asked to identify the contents and the personal items that were damaged or lost. Depending on the type of damage that was done, there may be very little to jog your memory. You probably think that you know all the things that you own but chances are you are incorrect in that assumption. It is much easier to prepare a home inventory in advance and include detailed information that will make the claim process much less stressful.
Once you have decided to do a home inventory of your condo, it is important that you store that information in a way that will protect it from the types of damage that it might incur. A water-resistant fireproof box is one option and it is best stored away from the premise. Having a safety deposit box is one option.
Bad things do happen, that is why having condo insurance is important. A home inventory will help you to file a claim if the necessity arises. At Assure-Us in Miami Beach, FL we understand condo insurance and welcome you to stop by our office or give us a call to make an appointment for a no-obligation quote.