Florida condo owners have insurance that is very different from homeowners and renters insurance. Even though your homeowner association carries insurance for the building, bridges, pools and the area the owners use like the lobby, you would think that you are protected too. Look closely at the sentence though, their policy covers the building, not your condo or your belongings.
Think about your condo unit as a separate entity. You didn’t purchase the building. You purchased your condo unit, so you must protect it and what is inside. You also must protect people that visit your condo unit in case they are injured. That is the reason you must purchase Condominium insurance. Your insurance will also cover damage to the building or common area that you or a visitor cause by accident or by negligence.
Condo insurance is similar to homeowners insurance in that it covers your property, liability for injuries and additional living expenses in case you cannot live in your condo due to a fire, storm damage, etc. Your hotel and meal charges are covered. Take inventory of your belongings and property using photos or video. Save receipts for new items, photograph serial numbers on your electronics and other items. Save the photos or video online and/or give a copy to someone who doesn’t live in your condo building.
When you need assistance choosing what policy is best for your condo insurance, Budget Bi Rite is there for you.
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Taking a vacation in an RV is fun for the entire family, but RV’s (Recreational Vehicles) can be costly to purchase. Consider renting an RV like you would rent a car and don’t forget to get the best coverage you can before hitting the road.
RV’s are harder to maneuver then a car or truck, but once you get the hang of it you are off and running. When renting an RV there is insurance coverage available for damages for an accident and a general liability coverage. What you may not realize is that these plans may not offer insurance for the interior, appliances, tables, beds, furniture and basically the upkeep of the interior itself. Like renting a home, take pictures of the RV inside and out before you pull out of the parking space.
Qualifying for RV rent insurance, requires a valid driver’s license and certain age requirements which vary state to state. Your auto policy may have limited coverage already in place for RV’s and you should contact your insurance carrier to see what is available or if they can add it.
Peace of mind when on vacation is essential and knowing that you are insured for any problem, just makes your time taking in the beach, country side or visiting a national park that much more enjoyable.