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PAL Finance Group, LLC

985 Amicks Ferry Rd
Chapin, SC 29036

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Featured Insurance Blog

Important Condo Insurance Considerations

If you own, or are considering owning, a condo in Chapin, SC there are several things to consider when it comes to insuring your property. PAL Finance Group LLC is here to help you navigate homeowners insurance for individual condo units.

The condo association may not cover the contents of your individual unit. 

Many condominium complexes are owned by corporate entities. These are usually known as Condominium Association. These groups usually purchase insurance coverage on the residential building and property. However, this does not mean the contents of your condo is insured. 

Even when a residential condo is covered by the dwelling portion of an association’s insurance, it is still subject to the max limits of the policy. This means that each individual unit cannot exceed a certain value on a claim. In the event of a loss, your most valuable possessions may not be covered, if they are covered at all.

You may need an HO6 policy.

The Home Owners 6 (HO6) policy is a type of insurance that covers your personal dwelling, property, and liabilities. It protects items in the interior of your condo such as floors, carpets, and fixtures as well as your personal belongings. Without this type of policy, the Condo Association may find you financially responsible for damage to infrastructure items within your unit.

Additionally, an HO6 policy can provide for loss of use of your condo. These additional living expenses can be incurred when the condo is damaged to the point it cannot be inhabited for a temporary amount of time. Condo associations usually do not provide for these situations.

Condos are a popular home choice in Chapin, SC. Let PAL Finance Group LLC find the perfect condo insurance policy to protect you and your belongings today. 

Will Your Condo Insurance Cover Your Pets?

Many people have pets that bring joy to their lives, but they also want to make sure those pets are protected if they should get sick or something should happen to them. Because many states consider pets to be property, there’s an assumption that they’ll be covered by home or condo insurance. But that’s actually not the case. If you want to have your pets covered, they’ll need their own type of insurance. If you have other insurance questions and you’re in the Chapin, SC area, PAL Finance Group LLC wants to help you get the answers you’re looking for so you can have the right insurance policy and the peace of mind that comes with it.

You don’t have to settle for vague answers or a policy you’re not sure about when you have the option to choose a quality policy from a trusted company and dedicated agents. We’ll make sure you get all your questions answered, and we’ll also take care to focus on the kind of policy you need to have to protect your home the right way. Some policies are very different from others, and not all of them will provide you with the type of condo coverage that’s going to be right for your needs.

If you’re in or around the Chapin, SC area, having proper condo insurance is easy when working with PAL Finance Group LLC. Whether you have questions about your pets or just about anything else, we’ll be there to help you find the answer you’re looking for. You can get a great condo policy you can trust, and when you find the one that’s right for your needs, our agents will make sure it really fits what you’re looking for so you can enjoy your condo without worry and stress.