Termites can be one of the most dangerous pests in a home. They often burrow deep into the wood structure, often at the base of the foundation, where you cannot see them. They eat away and grow their colony. As that happens, the damage to the structure of the home becomes weak, and risks can grow.
Condo insurance is a valuable tool, but there are few situations where it will cover the losses you have from termite damage. At NCIB Group Inc. our team can help you purchase condo insurance in Chicago, IL, that properly represents your needs and risks.
What to Expect from Your Policy
Most of the time, condo insurance will not directly cover termite damage. Insurance companies often consider pest infestations a type of preventable maintenance issue, not a type of accidental or unavoidable condition. It is not a sudden event but something that worsens over time. As a result, most policies do not cover it.
However, there may be protections available to some people. If you purchased specialized coverage for these risks, you may be able to obtain coverage. This is not the normal situation, though. Additionally, if you rent instead of own the condo, turn to the property owner to maintain the structure. Every case is different, but it is somewhat common for owners to be responsible for these damages.
Let Our Team Go to Work to Protect You
At NCIB Group Inc., we can help you get as much possible protection from your plan as allowed. Work with our team to analyze the type of coverage you have. We can offer a no-risk quote for condo insurance in Chicago, IL now and help you better understand what is included and what is not included in the plan options available to you.
