When you sign up for your Geico condo, you get a bunch of insurance coverage.
Geico’s own insurance covers your home for five years and you get coverage for any other injuries, fires, or other damage you might cause.
But it also includes coverage for a number of things you might not expect.
First, if your home is destroyed by a fire, you’ll get an extra $2,000 of coverage for your home.
If you live in a condo with a built-in sprinkler system, you can get an additional $500 of coverage, and if your condo has an outdoor shower, you could get an even bigger boost.
The best part?
You get a ton of coverage.
We’re talking insurance that you can afford.
Here’s how to find out if your Geis are worth it.
What kind of coverage does Geico offer?
Geico provides three types of coverage to its customers: Residential, Commercial, and Casual.
Residential coverage is for single-family homes.
You get coverage up to $2 million per year.
If your home has at least two bedrooms, you’re covered for $1.2 million.
You also get an unlimited liability policy for up to three years, and you can add on up to four people.
Commercial coverage is usually the cheapest, but it only covers you up to the first $2.5 million of damages.
Casual coverage is a bit more expensive, but you’re guaranteed to get at least one full-time worker per year, and that’s guaranteed to be for the next five years.
You’ll also get a $500 credit toward your next policy.
You can get up to two years of coverage per condo, but that’s limited to residential units.
What kinds of homes are covered?
Your home is covered for any damage caused by fire, water, storm, or vandalism.
For example, if a fire kills a person or a building collapses, you’d get coverage.
But your insurance company might not cover the damages you caused because they’re not part of the original damage, which was caused by something else.
You could get coverage if you were injured while working on your property or if someone was in your home while you were working.
The other damage would have to be caused by someone else, but they might not be covered.
The next time you think about buying a condo, think of all the other things you could do with that space.
You’re not just building a home.
You might be building a new job, or a business.
You may even be renting out a space in your house, or renting out another space in a neighborhood you might live in.
You won’t want to let someone else live there.
You should get that insurance if it’s the best deal for you.
What do I need to do?
Before you go out and buy a condo and decide to sign up, you need to decide what you’re going to do with your space.
Are you going to use it to house your family?
You may want to rent out your space to others or even sell it to the city for some cash.
And while you might be able to sell your condo for some money, it’s unlikely you’ll be able sell it in a hurry.
You don’t want that to happen to you.
If it’s a short-term rental, you should be able just get a short rental contract from your condo, or you can use a credit card to buy a one-year rental contract.
But if you’re looking to rent your space out, it may be best to check with your condo association for more information about what’s covered and what isn’t.
What if you want to buy your home?
If you’re buying a home and decide you want it to be your primary residence, you might want to check to see if it covers any of your other needs.
If the city has a rental code that covers other types of property like a car, it could cover your rental home, but if the city doesn’t, your mortgage payment could be taken out to help finance your purchase.
What if I can’t get coverage?
If you’re unsure if you can actually afford to pay your mortgage on your condo and can’t find out what your insurance is, talk to your condo manager.
If they don’t know anything about your insurance, they might be more than happy to help you find a better deal.
If that doesn’t work, you may have to find a new insurance company to buy from.
In some cases, the companies might charge you extra if you sign a non-compete agreement, but this can be easily circumvented.
You just need to keep an eye on your agent and keep an open mind.
If you can’t afford your mortgage and can only find out you can by talking to your agent, here are some suggestions to keep in mind:You can call Geico at 1-800-639-2220 to speak with an agent about a cheaper, but still good deal,
