Condominium Insurance
Condominium (condo) insurance is designed to start where your condo association policy stops. It provides coverage for your contractual obligation to the interior of the unit as well as personal property and liability coverage. Every association’s policy and agreement is different so it’s important to review the by-laws carefully and ensure that you are carrying the proper insurance coverage.
Earthquake Insurance
Most standard home, renters, condo, and dwelling fire policies do not provide coverage for earthquake damage. Similar to flood insurance, earthquake insurance often has to be purchased separately. Government relief policies are extremely limited, so if an earthquake strikes tomorrow, are you properly insured?
Flood Insurance
Did you know flood insurance is NOT covered by a standard homeowner’s policy? Flood insurance must be purchased separately from a homeowner’s policy. It not only covers the damage done by the flood, but it can also reimburse you for the work you or your family members do to mitigate flood damage such as sandbagging, removing household contents, and removing debris.
If you live within the 100-year flood plain (as determined by FEMA maps), you are required to purchase federal flood insurance in order to obtain a mortgage. If this does not apply to you, you are still able to purchase flood insurance if you wish.
High Net Worth Insurance
At The Legacy Insurance Group, we recognized that high net worth individuals require coverage that goes beyond a standard homeowners policy including coverage for primary and secondary homes, private collections, identity theft, and even kidnap and ransom.
Homeowners Insurance
A homeowners policy provides coverage for not only the dwelling, garage, and any other structures but it also covers any personal property (tangible assets) owned. It’s also the first line of defense for a homeowner against a lawsuit brought by someone injured at your home. The cost can vary greatly on a homeowners policy depending on the coverage desired, so please contact us today to review your exposures and determine the appropriate insurance program to fit those needs.
Mobile (Manufactured) Home Insurance
Mobile homes, manufactured homes, and modular homes (including garages and any outbuildings) are eligible for coverage on a mobile home policy. In addition, coverage can be added for personal property, personal liability coverage, and additional living expenses if you are displaced from your home for a period of time due to a covered claim.
Rental Property (Dwelling Fire) Insurance
Owning a rental property can be a great investment but also presents a lot of liability exposure. In addition to the dwelling, other structures, furnishings, and liability exposures can be covered as well. There is a large degree of variation within coverage forms, so it is important to understand what your policy covers and ensure that you have insured your investment properly.
Renters Insurance
Just because you don’t own a home doesn’t mean that you shouldn’t have insurance for your belongings and personal liability. A renters policy provides coverage for both of these and is extremely affordable.
Valuable Items Insurance
Most homeowners and renters policies provide very limited coverage for valuable items such as jewelry, cameras, sports equipment, fine art and collectibles (to name a few). Purchasing an inland marine policy can provide comprehensive coverage and additional protection. Common items covered under an inland marine policy include:
- Books
- Coins
- Collectables
- Fine Arts
- Firearms
- Jewelry
- Memorabilia
- Musical Instruments
- Oriental Rugs
- Silverware
- Stamps