Having insurance is important in case anything happens to your condo, dwelling, or your possessions. An insurance policy can cover natural disasters, like a fire, and protect your belongings from theft. But do you need condo insurance or renters’ insurance? Are both types of policies necessary? Do you know what the difference is?Muller Insurance is an independent agency with over 100 years of experience in the insurance industry, serving New Jersey, New York, Connecticut, Pennsylvania, Nevada, and other states. Here, we talk about bundling condo and renters’ insurance and how it could save you money.What Is Condo Insurance?Condo insurance is an insurance policy that covers everything within your condo unit. Condo insurance also covers the interior structures of the unit. Items and structures condo insurance covers include:ArtworkAppliancesCabinetryFurniturePersonal possessionsWallsCondo insurance from Muller Insurance also provides liability coverage. That means if someone is injured inside your condo, you’ll be covered. Liability insurance covers someone falling inside your condo, being injured by a dog bite, or a similar situation, while in your home.If you want more coverage for other hazards, Muller Insurance offers additional condo policies that include coverage for:Damage caused by birds, insects, and rodentsEarthquakesFloodsNatural wear and tearNuclear hazardsMost of the time, condo owners are not responsible for the common areas of a building, like hallways and recreation areas. Those are normally covered by the condo association’s insurance policy. Check with your Homeowners Association (HOA) for details about what your association’s insurance policy covers.What Is Renters’ Insurance?Renters’ insurance is an insurance policy that protects a tenant’s property inside of a rented dwelling, like an apartment. Renters’ insurance is designed to provide coverage for personal property, as well as liability claims that are not due to a structural problem. A renters’ insurance policy can also provide living expenses if a renter’s dwelling is damaged. Some of the items renters’ insurance covers include:AppliancesElectronicsFireFurniturePersonal propertyStormsTheftRenters’ insurance also offers liability coverage in case someone is injured while at your residence. Renters’ liability coverage can cover accidents like:Dog bitesFallsSlipsThere are items that a renters’ policy will not cover. That can include earthquake coverage and valuables, like collectibles, fine art, and jewelry. If you are looking for extra coverage, Muller Insurance agents can help you navigate your options and find the coverage you need.Benefits of BundlingBundling is a great option for condo owners or individuals renting apartments. It allows them to bundle condo or renters’ insurance with another policy, such as auto insurance.By bundling insurance policies together, you may be able to save on what you pay for insurance, and the savings may surprise you. Besides saving money, bundling insurance policies can make them easier to manage. For instance, if your insurance is bundled by one company, you’ll have one point of contact if you ever need to file a claim.Choose Muller Insurance to Protect Your AssetsMuller Insurance has been in business since 1906 in Hoboken, New Jersey. We’ve served customers in numerous states for over a century, and we are committed to our customers.Muller Insurance is an independent insurance agency. That means we aren’t committed to a single provider—we’re committed to finding the best policies for our customers. By being an independent insurance agent, we can shop around for the best value for our customers, and we can offer you several quotes at once. We can also find an insurance provider to cover any specific insurance policy you might need, like flood or earthquake insurance.We work with over 25 different insurance agencies. Some of the insurance companies we work with that offer condo or renters insurance include:Chubb InsuranceCumberland Mutual InsuranceFarmers of Salem InsuranceForemost InsuranceFranklin Mutual InsuranceNarragansett Bay Insurance CompanyNational General InsurancePlymouth Rock InsurancePOM InsuranceSafeco InsuranceStillwater InsuranceTravelers InsuranceWe also try to make insurance easy for our customers. We offer a client center on our website that provides a place for clients to:File insurance company claimsFind condo association certificatesMake online paymentsFind insurance carrier contactsIf you need insurance and want to work with a reputable agent, Muller Insurance should be at the top of your list. To learn more about bundling condo and renters’ insurance policies, contact us today or request a quote online.