When you are looking for Ponte Vedra Beach condo association crime insurance, it is important to know what to look for. You want to keep residence as safe as possible, and you also have a commitment to maintain a solid budget. This means knowing the questions to ask so you can find the best possible policy for your condo association to purchase.

WHAT CRIMES ARE COVERED?

This is one of the most important aspects to the overall crime insurance in Ponte Vedra Beach. All sorts of different crimes can occur throughout the condominium property. There may be vandalism, break-ins, theft, and much more. Not all insurance companies provide protection against all crimes, and therefore it is necessary to read the fine print. If there are certain crimes not covered, you want to find out why and see if there is add-on coverage available. It may also be a good idea to learn about some of the most common crimes throughout this part of Eastern Florida.

WHAT AREAS OF THE PROPERTY ARE COVERED?

Whether there is a single condominium building or multiple across the property, you want to look at what areas a policy is going to cover. This should include the common areas, including swimming pools, fitness rooms, parking lots, and more. Identify all aspects of your property and confirm that the policy is protecting these areas. Otherwise, a crime could be committed in an area that falls somewhere in between what your policy covers and what the policy for condo owners covers.

WHAT ARE THE COSTS?

The cost for Ponte Vedra Beach condo association crime insurance can vary from company to company. It is also going to vary based upon the aspects of your property and what you want included. It can be beneficial to make some comparisons between quotes from at least three or four companies. This will allow you to see what is and isn’t covered as well as what it is going to cost you.

Considering costs has to be done because it will ultimately determine what you have to turn around and charge residents. All residents will pay association dues and if the insurance is too high, dues will be too high and this is when you are more likely to hear complaints.

WHAT ISN'T COVERED?

Identifying what isn't covered will make it easier for you to obtain other policies that will cover what you need. What you don't want to end up with is a situation where you think you are covered and you aren't. This could end up costing the condominium association in Ponte Vedra Beach a significant amount of money.

Before you purchase any kind of crime insurance for a condo association, you want to do your research. Ask questions and allow an independent insurance agent to help you find the right policy. This will ensure you have the coverage needed to keep you and your residents happy throughout the year.