What is Condo Insurance?
Condo insurance, also known as an HO-6 policy, is designed to protect condo owners from financial loss related to their unit and personal belongings. While your condo association’s master policy typically covers the building’s exterior and common areas, it usually does not cover the interior of your unit or your personal property.
Condo insurance fills that gap by covering things like your walls, flooring, fixtures, and belongings inside the unit. It also provides liability protection if someone is injured in your condo or if you accidentally cause damage to another unit.
It’s important to understand what your association’s master policy covers so you can choose the right condo insurance policy to avoid coverage gaps.
