Dave Haman

Apr 25 2016

What You Need To Know About Condo Insurance


Condo Insurance

When insuring your condominium unit, consider the following questions that could highlight important limitations in your insurance policy:

  • Do you ever rent your unit to others?
  • Does ownership of your unit include ownership of other structures, such as a deck, fence, or detached garage?
  • Have you ever received an assessment from the association to pay for something other than regular maintenance?
  • Have you made changes to the unit’s original floor plan? Are you aware if any such changes were made by a previous owner of your unit?
  • Have you reviewed your ownership declarations and other documentation for information concerning your potential liability should someone be injured on the condo’s commonly owned property, such as a swimming pool?

If you answered yes to any of the questions above, consider contacting Hills Insurance Agency today for a detailed reviewed of your condominium insurance policy so you are prepared before a claim occurs.

Reprinted by permission, The Mines Press, Inc. Volume 43, Issue 6.
Insurance products are not a deposit, not FDIC insured, not insured by any government agency, carry no bank guarantee, and may go down in value.
 
Dave Haman

About Dave Haman

Dave Haman is a Vice President, Insurance Agency Manager at Hills Bank’s Iowa City Gilbert Street location. He has been at Hills Bank since 1994 helping customers with their insurance needs. Dave can be reached at dave_haman@hillsbank.com.


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