How to Determine How Much Condo Insurance Coverage You Need

So you have purchased the condo that you have had your eye on or you have been living there for some time and just want to know how to best protect your investment. The one thing that people always think about is getting condo insurance for their condo in Harrisburg, PA but the problem is that they are never sure how much coverage they actually need. This can be confusing if you do not work with insurance frequently like we do here at Henderson Insurance Agency so use the below tips to make sure you have the right amount of coverage. 

First, you want to make sure that you at least have enough coverage that is equal to the value of the condo. However, as you likely know, the value of a condo can fluctuate with the market and you want to make sure that you always have the right amount of coverage. To do this, we recommend getting a little bit extra in terms of coverage for the value of the property. We also recommend that you take a look at the value of the condo every few years to make sure you have the proper amount of coverage. You may also want to look at it when the market is hot or when it is cold to make sure you are properly covered in case the value went up. 

If you do not have condo insurance currently for your condo or you are not sure if you have the right amount, be sure to reach out to us here at Henderson Insurance Agency, serving Harrisburg, PA, so we can help you. We can take a look at your current coverage or even get you a free quote for coverage.