Comprehensive Condo Insurance Coverage

Condo insurance, also known as an HO-6 policy, provides coverage for your individual condominium unit, including personal property, interior structure, and liability.

Condo insurance typically covers personal property, interior walls, floors, and ceilings, liability for injuries that occur in your unit, and additional living expenses if your condo becomes uninhabitable due to a covered loss.

Condo insurance specifically covers the interior of your unit and personal belongings, while the condo association's master policy typically covers the building's exterior and common areas.

While not legally required, condo insurance is often required by mortgage lenders and condo associations to ensure coverage for individual units and personal liability.

The cost is based on factors such as the value of your personal property, the location of your condo, the building's construction, coverage limits, and your deductible.

No, damage to common areas is typically covered by the condo association's master policy. Condo insurance covers damage to your individual unit and personal property.

If your condo is damaged, contact your insurance company as soon as possible to file a claim. Document the damage with photos and keep receipts for any repairs or temporary accommodations.

Yes, insurers may offer discounts for safety features, bundling multiple policies, maintaining a claims-free history, and being part of a professionally managed association.

You can lower your premium by increasing your deductible, installing safety features, maintaining a claims-free history, and regularly reviewing your coverage to ensure it matches your needs.

In addition to standard coverage, you might consider adding loss assessment coverage, water backup coverage, and higher liability limits to ensure comprehensive protection.