Condo Insurance
Coverage tailored for condominium owners and their unique needs.
Typical cost: $200 – $600 per year
Condo Insurance (HO-6 Policy)
Condo insurance protects what your HOA's master policy doesn't: your unit's interior, personal belongings, and liability. Understanding the gap between the master policy and your condo policy is essential for complete protection.
What the Master Policy Covers
Your HOA's master policy typically covers the building exterior, common areas, and sometimes original fixtures. "Bare walls" policies cover the least; "all-in" policies cover more. Request a certificate of insurance to understand your exposure.
What You Need
Your HO-6 policy should cover walls-in improvements, personal property, liability, additional living expenses, and loss assessment coverage for HOA special assessments after major claims.
What's covered
Dwelling Coverage
Covers interior walls, floors, ceilings, built-in cabinets, and fixtures you own.
Personal Property
Protects furniture, electronics, clothing, and other belongings.
Liability Protection
Covers injuries to guests and damage you cause to other units.
Loss Assessment
Pays your share of HOA special assessments after covered losses.
Additional Living Expenses
Covers temporary housing if your unit is uninhabitable.
Tips
- • Review your HOA master policy to identify coverage gaps
- • Get at least $100,000 in liability coverage
- • Add loss assessment coverage of $25,000-$50,000
- • Consider replacement cost for personal property
- • Update inventory when making major purchases
Other home insurance types
Townhouse Insurance
Protection for townhouse owners including shared wall coverage.
Mobile Home Insurance
Specialized coverage for manufactured and mobile homes.
Vacation Home Insurance
Coverage for second homes and seasonal properties.
New Construction Insurance
Protection for newly built homes during and after construction.
Historic Home Insurance
Specialized coverage for older and historic properties.
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