In today’s world, unexpected events can directly affect your financial well-being, just as they have in the past. However, one significant change is the availability of adequate insurance coverage for your condo in Las Vegas, NV. Not only is a basic policy necessary to protect your investment, but supplemental insurance is also crucial to cover items not included in the standard policy. At Red Rock Insurance, our agents can guide you through the process and explain the benefits of supplemental coverage.
About Condo Insurance
Condominium insurance, also called an HO-6 policy, helps cover the cost of repairs and financial losses incurred by the condo owner when covered damages occur. This policy works in conjunction with the master policy or HOA insurance policy maintained by the condo community’s management. The HOA’s master policy primarily covers property damage and liability.
What is Supplemental Insurance?
Supplemental insurance comes into play when an incident occurs that your standard policy does not cover. It also provides coverage for items in the condo that have a value exceeding the limit of the standard policy’s coverage. This includes items such as artwork, computers, jewelry, and other high-value items.
Call Us – We Have the Answers to Your Questions
If you’re considering supplemental coverage for your condo, contact our agents at Red Rock Insurance in Las Vegas, NV. Our team can explain what the HOA’s insurance covers, what you need to cover, and recommend supplemental insurance based on your individual needs.
