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If you’ve recently purchased a condo in Coppell, TX, you may be wondering about insurance options. You can count on your association’s master policy to cover damage to your building and common areas, but what about the interior of your unit and your personal belongings? Well, that can be protected with a condo insurance policy from David King Insurance Services LLC.

Here are some very good reasons to purchase a condo policy:

Key Reasons to Get Condo Insurance

Condo insurance covers what your association’s master policy doesn’t. It’s designed to protect your assets from unexpected events that can lead to financial loss. Here’s how you can benefit from a condo policy:

First, condo property insurance offers protection for your belongings. If any of your goods are stolen or damaged in a disaster, property coverage helps cover their repair or replacement costs. This includes clothes, shoes, jewelry, paintings, furniture, appliances, electronics, sports gear, collectibles and more. Texas is prone to all kinds of natural disasters including wildfires, hurricanes, tornadoes, tropical storms, and more. Many of these risks are covered by condo policies. Through property coverage, you have financial help to recuperate your losses after a disaster.

Second, condo insurance offers liability protection against accidents that may occur on your property. Say you invite a friend over for dinner, and he slips in the bathroom and hurts his back. Liability insurance will help pay for his medical costs. Otherwise, you could be held liable for paying these expenses yourself out of pocket.

Third, if your condo becomes uninhabitable due to disaster damage, condo “loss of use” protection helps pay for your living expenses elsewhere until repairs are done. These reasons alone make condo insurance a wise choice.