Do you live in a condominium in the state of Nevada? Or are you getting ready to do so? If either of those hold, it means that you should consider acquiring condo insurance for more than one reason. You should never rely on your landlord if you are a tenant. If you own a condo or own a condominium, your condo association will require that you get insurance. The agents at Bryan Zane Terry & Associates, LLC in Nevada will help you to secure the policy that is right for you.
If you are a tenant, condo insurance is necessary, but only to cover your possessions in case of a fire, theft, or natural disaster. Your possessions may include but are not limited to jewelry, furniture, and clothing. If you are a condo owner, then insurance will cover the building itself in a natural disaster or fire. It also covers the contents of the building and any other damages you incur.
Like homeowner’s insurance policies, condos are covered for specific risks and not all risks. These include the standard risks but exclude damage caused by earthquakes and floods. You have to get flood insurance separately to receive the appropriate coverage. Nevada law does mandate this policy, but your mortgage company usually does. In fact, it is usually a condition of your loan. The bank wants to be protected if the condo is destroyed.
If you reside in the state of Nevada and you own a condominium or are renting one, then you should contact one of the professional insurance agents at Bryan Zane Terry & Associates, LLC. Your specific situation will be assessed, and an insurance policy will be created to match your personal needs.