Condominiums are beautiful, high-rise buildings that overlook the city lights. More Filipinos – especially young professionals – are leaving their traditional houses and transferring to these accessible and aesthetically pleasing alternative. It’s also conveniently close to everything. Today, owning and renting condo units has become a trend in the Philippines’ fast-growing economy.
However, it’s not always about the charm, the feel, or the accessibility that should be considered in these sky-high buildings. Apart from availing a condo insurance, smart customers must first ensure the following to ensure financial security and avoid unnecessary costs:
Location, Space, and Compliance
Determine the location of the condominium building you have chosen. Is it adjacent to main roads or near to your job? A condo of your choice should be strategic to your needs. Are there other buildings blocking the view from the windows? It’s best to maximize its access and comfort. You must also check out the space of the unit. Is it enough for you? Is it sufficient for your family? Most importantly, does the building follow the National Building Code? Can it withstand disasters? These are concerns that must be answered for it entails your and your family’s safety.
Emergency Detectors and Emergency Exits
It’s vital for a condominium to have preparatory and preventive measures to counter risky situations. Are there enough smoke detectors and water sprinklers on every floor and every room? If there are, are they functional? If you see even one level that is devoid of these emergency detectors, it raises a red flag against the building itself.
In addition, emergency exits must be well lit and spacious enough for people to go through it. Are there no obstructions in the fire exits? The floor you are located at also determines how fast you can get outside the building in case of emergencies. While you might be able to avoid the noise pollution from the streets and people at the top floors, but it will take you long to escape incidents.
Once done, double checking these factors, consider all unpredictable events that even carefully laid countermeasures can’t address. Accidents, earthquakes, fires, property damage and other events of the same unpredictability are hard to face – especially if unprepared. From this standpoint, it is better to get a condo home insurance.
When you get a condo home insurance, you will enjoy the following coverage on:
· Cash, furniture, appliances, and jewelry
· Interior improvements in your condo unit
· Legal Liability for incidents involving injury and damage to visitors
· Financial assistance if your condo becomes too damaged or unlivable
· Theft of silverware, goldware, and firearms
· Debris removal and damage to plants, shrubs, and trees
· Other coverage depending on the premium of the insurance
Upgrade or combine insurances to ensure a graceful fallback when unforeseen incidents happen. This is a very good investment to protect your property. This is how wise condo owners or renters protect their newfound homes.