It is vital to have the right type of insurance on your condominium unit. Fortunately, there are many insurance companies available to protect your property. Here are the best condo insurers. Among them are Liberty Mutual, USAA, and Country Financial. These companies have various benefits and features that will suit your needs.
Country Financial
Consider what is important to you when searching for the best condo insurance. For example, you should consider whether the insurer offers medical coverage and renters' insurance. It is also important to consider the cost of your premium. This is more complicated than home insurance. You will need to have two policies in order to get the best coverage. One must cover the basic risks like lightning and fire damage. The other should cover more specific risks. A basic condo insurance policy is usually $328 per year. The Premier package, which is about $30 per calendar month, is another feature to consider when purchasing a policy.
Country Financial provides excellent customer service. Country Financial offers 24/7 phone support and an online customer care center. Their customer service representatives will be happy to answer any questions and resolve any issues. Country Financial has an Android and iOS app, which lets you pay bills or report claims. You can also check your policy status using the app.
Liberty Mutual
Liberty Mutual is an option if you are looking for condo coverage. Liberty Mutual not only offers customizable policies but also provides insurance services that have been helping homeowners for over 100 year. This company offers policies that are affordable for both homeowners and investors. Whether you are looking for condo insurance for your new home or for your existing home, they have you covered.
Liberty Mutual will manage your claim regardless of whether it's a fire or natural disaster. The adjuster will visit your property to assess the extent of the damage. They can also help you plan the repairs, up to your coverage limits.
HostAdvantage
While you can buy homeowners insurance that includes HostAdvantage for a low price, it's not a great option for condo owners. The HostAdvantage insurance plan doesn't cover damage to rented condos, and the coverage also doesn't cover damage caused by guests or tenants. HostAdvantage can be used as an addition to homeowner's insurance. However, many short-term renters would prefer to have separate insurance policies. Many options are available for vacation rental property owners.
Home-sharing insurance policies can start at $50 per year for a limited amount of coverage. Many include $10,000 personal property coverage. However, coverage amounts vary depending on how much personal property is being rented and the length of the rental. Renters are covered by Allstate HostAdvantage insurance up to $10,000. These policies also include vandalism and theft coverage.
Auto-Owners
Auto-Owners provides a variety of insurance products, including auto insurance. Customers can track their claims online and manage their policies online. Customers can also make payments online and print their insurance ID cards. The company offers discounts to bundle insurance policies. Customers who pay their premium in advance can receive the best rates.
Auto-Owners has lower-than-average rates and offers many coverage types, including dwelling, other structures, and personal property. Additional living expenses coverage can be purchased by the company, which allows homeowners to cover their costs for renting and lodging while they are rebuilding their homes.