hi, i'm robert zabbia. i'm an allstate agencyowner in north massapequa, new york. i'm here to talk about condo insurance. when you own a condo unit, your association'sinsurance may cover part of the structure. it's a good idea to ask for a copy of yourcondo association's bylaws. that may help you learn exactly what the association covers,so you can make sure you have enough coverage in place on your own insurance policy. you're usually responsible for insuring what'sinside your condo: furniture or even fixtures, such as kitchen cabinets. that's where a condoinsurance policy may help. it typically offers three basic types of protection: buildingproperty protection, personal property coverage
and personal liability coverage. a customer called me one morning. a waterheater pipe had burst overnight in her condo unit. she needed to file a claim for waterdamage to her floors and furniture. i checked her condo insurance policy and assured herthat she had the proper coverage to help in this scenario. fortunately, her furniture just needed tobe cleaned -- but her floors needed major work. she had enough building property coveragein place to pay for the floor repair, which ended up costing about $24,000. the personalproperty coverage on her policy helped reimburse
her $2,000 toward the cost of cleaning herfurniture. all in all, her condo insurance covered $26,000in damage. she only had to pay her $1,000 deductible. if she hadn't had condo insurance,she would have been stuck paying much more out of her own pocket.
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