Understanding the limits of your existing condo insurance policy can prevent you from discovering that you don’t have enough coverage after a natural disaster, break-in, or vandalism.
Morgan Insurance Services’ guide below discusses what to do when your condo insurance policy expires in Tampa, FL.
What to Do When Your Condo Insurance Policy Runs Out
1. Review Existing Policies
Insurance can help you financially recover from a devastating loss resulting from natural disasters, extreme weather, and unpredictable events. Talk to a trusted insurance agent to learn if you have enough coverage to determine if you have sufficient financial protection for liability claims, medical claims, and damage claims.
2. Supplement Your Condo Insurance Policy with Umbrella Insurance
Umbrella insurance is a special add-on coverage that can help cover the costs of out-of-pocket expenses related to insurance claims that exceed the limits of existing policies.
Florida residents can add umbrella insurance to almost any policy to extend its limits. This includes condo insurance, home insurance, and auto insurance policies.
3. Ensure There Are No Gaps in Coverage
Once you have updated your condo insurance policy and added supplemental umbrella insurance to extend its limits, the next step is to ensure there are no gaps in coverage that can leave you vulnerable to financial risks when the unexpected strikes.
Protect Your Condo and Peace of Mind with Umbrella Insurance
Having umbrella insurance to extend the limits of existing insurance policies is an excellent way to provide a financial shield for your home, condo, and automobile.
Contact an experienced agent at Morgan Insurance Services to get answers to your questions about extending your insurance coverage, and get an umbrella insurance quote today!
