Malibu Condominium Insurance

Malibu Condominium Insurance differs from your typical homeowner policy, or rental policy, in a variety of different ways. Condominiums and Townhomes are distinctly different from other types of property, regardless of whether they are used as a personal residence, rental unit, vacation/second residence or as a commercial unit, and have unique requirements that should be addressed when considering insurance protection.

Bromberg Insurance Services, Inc. can give you the customized protection your scenario calls for as our professionals understand what the residents and business owners of Malibu require. With 47 years of experience in the insurance and financial services market, the Bromberg Agency understands and may offer you the protection your condominium or townhome requires.

When protecting property with shared permanent structures and shared liability, you will need to know what is protected by the master insurance policy owned by the Homeowner’s Association and for what you, the individual homeowner is accountable for when disaster strikes.

Bromberg Insurance can guide you to create the appropriate decisions ahead of time. Complete the form on this page and one of our agents will get in touch with you quickly to discuss your specific desires, or for much more immediate response, give us a call and talk to a licensed expert now.

Townhome and Condominium Insurance: Distinctive Property = Distinctive Needs

Malibu Condominium Insurance falls under the same category as property owners insurance, but that’s where the similarity ends. Whenever you invest in a condominium you automatically become a member with the Homeowner Association (HOA) and are accountable for the shared upkeep and liabilities for the complete property. At the same time, a portion of one’s property is covered by the HOA’s master insurance policy, and normally it demands an expert to help you understand the kind of coverage you will need to protect your individual unit and financial responsibilities.

The Bromberg Agency can enable you to decide the sort of master insurance policy owned by the homeowners/condo association and may advise the appropriate type of insurance for the situation. You will discover two varieties of master policies that a HOA can own and these are:

A Walls-In (also known as an All-In policy) policy covers everything inside the interior unit, which includes the interior surfaces of walls, floors and ceilings of every single individual unit.
A Bare Walls-In policy covers real property, from the exterior framing inward, but doesn’t cover any fixtures or installations inside an individual unit like cabinets, flooring, kitchen fixtures and bathroom countertops.

The Malibu Condominium owner protected by a Bare Walls-In policy will need the greatest quantity of coverage to defend the interior walls, flooring, cabinetry and possessions. Condo owners who reside in a complex covered by a Walls-In policy will need much less protection, but determining how much less is a job best left for the experts at Bromberg Insurance, as we have been working with Malibu Condominium Insurance since 1965 and recognize the needs of condo and townhome owners.

A Cost-Effective Alternative for Malibu Condominium Insurance

Condominium insurance to protect the contents of one’s unit remains affordable, nevertheless, the actual question that remains is, “What do you need to cover?” A small kitchen fire can cause thousands of dollars of harm to the interior walls, appliances, cabinets, while smoke damage can ruin electronics, clothes, furniture and carpeting. Not to mention any harm that may be triggered by firefighters in their attempt to make certain that the fire is completely out. The time to get in touch with a specialist is prior to the need arising.

Bromberg Insurance Services, Inc. has been serving residents and small business owners within the Malibu region since 1965. We’re a full-service agency dedicated to customer service and client satisfaction, as well as supplying a comprehensive Malibu condominium insurance policy, we offer top-rated insurance programs to cover your automobile, your property, your life and any other distinct insurance or financial services needs you may have.

Call us today for Malibu Condominium Insurance, use the “Instant Call-Back” form or the quote boxes and a licensed, professional agent will contact you as soon as possible. At Bromberg Insurance Services, we provide an Absolutely “Free Comprehensive Insurance Evaluation” anytime you call. We look forward to hearing from you.