Condo Insurance in North Carolina

Condo Insurance and Protecting the Inside of your Unit

Condo insurance can at first be a little confusing. Homeowners purchase home insurance to protect the house and any structures on that piece of land. Renters insurance protects personal possessions in a rental property. Some landlords and mortgage lenders even require certain levels of insurance coverage to protect their investment in a property. Condos, however, occupy a unique space somewhere between a house and an apartment. While they may seem different, they still need the right coverage. In the Nashville, NC area, our team at Hedgepeth-Hutson Insurance Services, Inc. is ready to answer any questions you have about coverage for your condo. In North Carolina, we work hard to protect every customer we serve.

Often, condo associations will have a master policy. Their policy will cover the physical building, as well as the grounds and common areas. This also protects any furniture or fixtures in the building. However, these policies vary in the amount and type of coverage that is provided. Over time, the condo association may change their insurance, so it’s essential to understand what they are paying to cover. Typical condo insurance policies have either ‘walls out’ or ‘walls in’ clauses. ‘Walls out’ policies will cover anything outside of a condo unit. Fixtures inside of a unit will not be protected by insurance. With a ‘walls in’ insurance policy, the fixtures inside of your condo will be covered, but none of your upgrades will be included. It’s also important to understand that neither of these policy types will consist of any of your personal possessions.

Condo insurance in North Carolina doesn’t have to be confusing. In the Nashville, NC area, contact our experts to understand the coverage that you need for your condo. We can help you learn more about your condo association’s master insurance policy, and we can help you discover the right insurance for your condo. Don’t wait until a disaster happens to find that there are gaps in your coverage. Call Hedgepeth-Hutson Insurance Services, Inc. today!