Most of the standard policies cover fire, storm, and theft, and a lot more hazards including liability.In some areas you also want earthquake coverage and even flood insurance.Your agent usually has standard policies available for your area. He can explain what you need or what decisions are needed very well.Who wrote your condo policy? Did you like your agent? What does he recommend?Who insures your automobile? Do they offer homeowners insurance? Bundling often means a discount.I use State Farm, have for years. They are a mutual company, meaning the policy owners, own the company. So profits go back to policy holders rather than to a third party. I think their rates are fair. I have had several claims. They pay promptly. No complaints.You can name dozens of other companies. Allstate, Farmers, Travellers, Hartford, etc. Ask friends and neighbors what they use. Get competitive quotes.Yes, replacement value insurance can be best. Of course other policies are cheaper. And you hope you will never have a claim, but if you do, insurance coverage is great to have.Riders for extra coverage of jewelry or valuables like art or furs or computer equipment, etc are common. You can also get special policies for things like antique cars, boats, airplanes, RVs, etc. Once you raise the issue, your agent can probably guide you through what you need or should consider.
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