Townhome & Condo Insurance

Townhome and condo insurance are not the same thing as a homeowner’s policy. A homeowner’s policy is essentially used to cover property that you own the entirety of. However, with townhomes and condos, you own part of the property, rather than the entire thing. This means that townhome and condo insurance have to be adjusted accordingly to meet these demands. 

Lender Requirements

Most people have to obtain a mortgage before they are able to purchase property. In many cases, the lender will require you to obtain either townhome or condo insurance to help protect your property. Our experienced team can help you to obtain the right insurance policy to meet your needs. 

Liability Coverage

Liability coverage is important, no matter what type of property you own. When you obtain liability coverage, you will be able to ensure that you are protected if another person becomes injured on your property. This is important in preventing lawsuits and covering potential medical expenses.

Townhome Insurance

Townhome insurance is often used to help cover your property that is located outdoors and the indoor space of your home. Our townhome insurance policies can help to cover damage that is caused by vandalism, theft, or an array of other situations. 

Condo Insurance

It is important to understand the difference between a condo and a townhome because each structure comes with different demands and potential risks. Due to this, the insurance requirements will also be different. A condo is usually a shared building complex that contains several individual units. The units are owned by the individuals, but the expenses of the shared areas are often distributed. Condo insurance will provide different coverage than townhome insurance in order to meet the specific demands of a condo. 

It is crucial to ensure that you obtain the appropriate insurance policy to protect your property. To learn more about our insurance policies, contact us at the David Jarnagin Insurance in Kaysville today!