Congratulations on being a condo owner in the great state of Texas. Owning a condo is a significant investment, and like owning a free-standing home, it needs to be protected. Talking to the agents at Rickey McGill Insurance Agency in Arlington, TX can help you to be able to relax and enjoy your new home. There are several reasons that you need condo insurance; all of them are important. 

Condo association insurance

Your condo association carries a policy that covers the exterior of the building, so things like the roof and the exterior walls are not your responsibility. They also cover common areas like the parking lot and the community pool, gym, or hot tub. This is all great for you, fewer things to worry about. However, their insurance does not reach inside your walls.  

Your responsibility

If you have a mortgage, your lender will require that you carry condo insurance to protect their investment in your condo. You are personally responsible for your appliances, kitchen cabinets and countertops, bathroom fixtures, and anything inside the exterior walls. Your personal items are also your responsibility to cover, imagine losing your electronics, clothing, and furniture. Loss can come in a variety of ways, including fire and theft. 

Beyond just the loss of everything you own, you need to protect yourself against the possibility of someone being injured while visiting you. Being sued can cost you thousands, and your condo liability insurance will help to make sure that your assets remain safe. 

At the Rickey McGill Insurance Agency, our experienced staff is always ready to help to meet your condo insurance needs. If you live in or near Arlington, TX, why not give us a call or stop by our office for a no-obligation quote. You will be glad you did, and your condo will thank you too!