Malta Condo Insurance
Condos are increasingly popular and if you live in one, you still need homeowners insurance. Our Malta homeowners insurance coverage will protect your unit and your assets. That includes items that are lost or stolen. We have an array of coverages that you can customize for your personal needs, but know that our condo insurance also handles personal liability coverage and guest medical coverage, as well as building and personal property coverage.
For those who prefer to rent, know that renter’s insurance in Illinois isn't mandated, but many landlords in Malta will require it before they rent to you, as it provides safety for all parties. Your landlord's insurance will not cover the cost of your belongings. We see too many people wait until it’s too late before they start thinking about whether or not their insurance is adequate.
As a landlord, you already know that your rental properties are a very large investment. As such, it is best to know how to properly protect your properties with some form of landlord insurance.
Seen in any type of investment, reducing your risk is forefront in protecting your asset long term. When renting your property to others, reducing your risk and knowing that you are protected in the event of the unforeseen is invaluable. Luckily, our Malta homeowners insurance extends to landlords as well and includes coverage for damage to both buildings as well as offering financial protection in the case of rent loss.
Your Malta homeowners insurance coverage already includes fire protection, but there are limits to what and how much is covered. If you prefer, you can add fire insurance as an additional protection. A fire insurance policy will ensure that a homeowner can pay for repairs in full without any out-of-pocket expense. Especially if you have irreplaceable valuables, having additional fire insurance is a good idea.