If you own a townhouse or condo in Illinois, you have different insurance needs than the typical homeowner. Not only do you own your individual condo, you also share ownership in the common areas and overall structure of your building.
When shared areas need upkeep and maintenance, your condo association will typically handle the expense through their commercial insurance package. While your association dues help pay for upkeep of the common areas, they do not typically cover your personal property within your own unit, or your liability if someone is injured on your property. This is why you need condo insurance.
For residents in and around the Chicago area, condo insurance provides protection where condo associations do not. Condo and townhouse coverage protects your possessions within your unit, including furniture, appliances, kitchen and bath facilities, and your personal items. If you plan on upgrading your unit, any improvements you make will also be covered under your policy, including wall units, renovations, and wallpaper.
Handzel has many different coverage options available when it comes to insuring your Chicago condo or townhouse. Our agents will listen to and understand your individual needs to create an insurance plan that is personalized and unique. If you would like to learn more or purchase condo insurance, give us a call today at 773-725-6767.