3 Tips for Finding the Best Condo and Townhome Insurance | Heidi Dyer
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Heidi Dyer
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816-655-6578
heididyer@
reecenichols.com

Licensed in MO
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3 Tips for Finding the Best Condo and Townhome Insurance

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It seems like townhome and condo insurance should be easy to purchase. With more and more people choosing to live a low-maintenance lifestyle, these housing units are growing in popularity.

However, finding accurate insurance coverage that conforms to closing requirements actually involves a few extra steps that are different from when you are insuring a single-family home. Here are 3 tips to help the process go as smooth as possible:

  1. Provide your insurance agent with the phone number and email address of a contact at the condo/townhome association. This step is critical, since a lot of time can be wasted trying to find the proper documentation.
  2. If possible, provide information from the sellers on updates and remodels. This will enable the insurance agent to write the proper amount of coverage on the improvements and betterments within the unit. The mortgage company is very interested in this amount.
  3. Give your insurance agent extra time to obtain the quote. The association's documents are frequently vague and incomplete regarding insurance requirements. The insurance agent then has to dig deep into Board resolutions, etc. in order to find the proper coverage requirements.

Buying a townhome or condo? HomeServices Insurance can help your closing go as smoothly as possible—with our highly experienced insurance specialists.

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