Condo Insurance, also known has ho6 insurance or walls-in
coverage helps to protect condo owners in many different ways.
mortgage company or escrow company has told you that you need to setup
an escrow billed or mortgage billed condo insurance policy or an impound
account, contact Stratum Insurance
Agency LLC to help you compare the rates of
policies (ho6 policies) and set up impound billing for you. Generally
speaking, this means that your annual insurance premium for your condo
is billed to your lender. An "impound account" refers to the account
which lenders set up to collect money in advance to cover future
expenses. For example, they may collect money for your insurance or
property taxes. Different people may use impound accounts for different
Stratum Insurance Agency is able
to setup your condo policy and then forward your initial insurance bill
to your escrow company or lender. Your insurance renewal bills can
be sent to your lender with a copy to you. There are many options that
the team at Stratum Insurance Agency can offer to help make your life
easier. Of course, there are other billing options available with condo
insurance for those who pay for policies themselves, including monthly,
quarterly, and semi annual billing. Fortunately, the
agency works with many carriers
to help find the coverage that you are seeking at the right price.
need look no further than
for their insurance needs. Condo buyers obtaining their mortgages are
finding that they are often required to purchase condo-unit owners
insurance, known as a H06 (ho6) Insurance policy. This is also sometimes
referred to as walls-in coverage or walls in coverage.
homeowners association's master insurance policies only cover the rebuilding
of exterior structures and not the interiors, Ii is crucial to purchase the
right coverages for your condominium. H06/HO6 policies offer much more
coverage than just protection for your personal property, it is key to
purchase an adequate amount of dwelling coverage, personal liability
coverage, and loss of use coverage.
condo insurance form many usage types, including:
Occupied Condo Insurance
Rental Condo Insurance
Rental Condo Insurance
Condo Insurance (income properties)
owners with insurance, especially those who have not reviewed their coverage
in some time, should use this opportunity to review their
and make sure that they have the appropriate coverages in place. With
increased rebuilding costs, it is important to have the right amount of
dwelling coverage for your condominium.
insurance policies offer many coverages of which policyholders are not
aware. Some of these coverage options may include identity theft coverage,
water backup coverage, special computer coverage, home daycare coverage and
personal injury coverage.
If you are a
new buyer, contact Stratum Insurance Agency before
closing your loan so that they can help you compare rates and coverage
options. Escrow billing is available for new buyers who want to pay for
their insurance from at their loan closing or through an impound account.
Insurance Agency, LLC is able to compare price and coverage combinations
from different insurance companies to help clients find a product that meets
their needs. The agency is licensed in over 30 states.
By Phone: 949-270-0609
Call for directions
Agency is able to provide quotes from many different insurance carriers
to help you find the right balance of price and coverage. Being
licensed in over 25 states, we can assist you with
condo insurance quotes
and many other
types of insurance across the nation.