Townhouse Insurance

Townhouse Insurance

Townhouse insurance works similarly to standard homeowners insurance but must account for shared walls and HOA relationships. Whether you need an HO-3 or HO-6 policy depends on what you own and what the HOA covers.

Ownership Structure Matters

If you own the land and exterior structure, you need an HO-3 homeowners policy covering the full dwelling. If the HOA owns exterior walls and you only own the interior (like a condo), an HO-6 policy is appropriate.

Shared Wall Considerations

Fire and water damage can spread through shared walls. Ensure your coverage is adequate for repairs even if damage originates from a neighbor's unit. Loss assessment coverage protects against HOA special assessments.