When looking at condos, you can’t forget about your other expenses. This may include condo insurance. Experienced agents at Windgate Insurance Agency Inc. serving the New Windsor, NY community will highly recommend getting this coverage. Though you may think that you don’t need this extra expense, you need to have insurance for your condo.

Here are some reasons why:

Your mortgage company may require you to have insurance. Most mortgage companies want their clients to have insurance for their homes. This protects their investment, in case anything happens. 

Your condo association may also require insurance. All condo associations have rules that they expect you to follow. They may require insurance in order to protect your community. 

Most people can’t afford to not have insurance. Insurance will help you when you need it most. If your roof is damaged in a storm and needs to be replaced, your insurance should pay. If you have a major leak in your home due to it, your insurance will help to cover the costs. Even a small leak could cost you a few thousand dollars to fix. 

It will also cover your possessions. You also need to think about the items you have in your home. Your condo insurance will cover your furniture, clothing, and other things. 

If you are wondering if you need insurance, you probably should get it. Though it costs you every month (or once or twice a year), home repairs can cost you thousands of dollars, even more, if you find a serious plumbing or electrical problem. That being said, you may not have a choice. Your mortgage and condo association may require you to have insurance. 

If you want to ensure that you are fully protected in your condo, don’t hesitate to contact us today at Windgate Insurance Agency Inc. in New Windsor, NY.