When you’re buying a new condo, many things need to happen before the deal can close. One of the things that you may have to do is get condo insurance.

If you’re required to get condo insurance before you can make this purchase, the professionals at Vargas & Vargas Insurance servicing Dorchester, MA and the surrounding area can help. We provide condo insurance to customers who want the protection and benefits of condo insurance. Here’s what you need to know.

What Is Condo Insurance?

Condo insurance is to condos what home insurance is to houses. Condo insurance will pay to repair or replace the contents of your condo when a covered event occurs.

Condo insurance can also pay for repairs inside the condo following covered events. If you have to move out of your condo while repairs are being made, your condo insurance should pay your living expenses.

Is Condo Insurance Required?

Your mortgage lender may require condo insurance if you’re getting a mortgage. Condo insurance may also be required by the Condo Association where you buy the condo. Know the rules and requirements before trying to finish the purchase.

Who Benefits From Condo Insurance?

You may benefit from condo insurance even if you aren’t required to get it. Condo insurance provides peace of mind to condo owners and can also help you recover after a covered event.

Do you want a condo insurance policy that is right for you? Contact the professionals at Vargas & Vargas Insurance servicing Dorchester, MA, and the surrounding area. We work with many carriers to ensure you have many options when choosing a condo insurance policy. Call today to get started.