If you plan to install new flooring, shelving units, or other structural materials in your condo, you should consider adding these upgrades to your condo insurance policy. Review the planned structural upgrades and adjust your policy accordingly.
Assessing Your Upgrades
Before the installation begins, clean your condo and prepare detailed plans outlining the upgrades. Use measurements and visual cues to assist with your assessment and review the structural materials available at your chosen retailer.
During these preliminary steps, the overall value of the upgrades will be assessed. Ideally, this value should align with the amount of condo insurance you plan to add to your existing policy.
Liability Insurance
Liability insurance is a type of coverage that can enhance your condo insurance policy. Adding liability protection could be beneficial if you’re concerned about someone getting injured in your condo, especially due to the new structural materials. This coverage also protects you if someone else’s property gets damaged while they’re in your condo.
Protection Against Theft and Vandalism
Theft and vandalism can be devastating, particularly if the new structural materials are affected. Adding theft and vandalism protection to your condo insurance plan will safeguard you against criminal activity. Even if you become a victim of a crime, this coverage will assist with restoring your condo, potentially covering the cost of replacing or repairing the structural materials.
Consult an Agent in Saint Charles, MO
Please consult with one of our agents at Nieroda Insurance Agency. During the consultation, discuss the structural materials you plan to add to your home and modify your insurance policy accordingly.
