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Condo Insurance

Get to Know the Essentials

Condo insurance, also known as HO-6 insurance, bridges the gap between your condo association's master policy and the personal protection of your own space and belongings. While the association's policy typically covers the building's exterior and common areas, condo insurance protects the interior of your unit, including walls, floors, and ceilings, as well as your furniture, appliances, and personal items against theft, fire, and other perils. It also provides liability coverage, protecting you in case someone is injured within your condo. When shopping for condo insurance, it's crucial to understand the specifics of what your association's policy covers so you can tailor your personal coverage to fill in any gaps, ensuring a seamless shield of protection for your home and assets.

Finding the Right Insurance

Knowing when you could need condo insurance is straightforward: If you own a condo, it's essential. This insurance is not just about meeting a requirement; it's about safeguarding your investment and lifestyle. Considerations for selecting the right policy include evaluating the cost to replace your personal belongings and the interior of your condo in the event of a disaster. Additionally, look for policies that offer loss assessment coverage, which can protect you from special assessments levied by the condo association for damages to common areas. Discounts may be available for various reasons, such as installing security systems, smoke detectors, or for bundling your condo insurance with other policies like auto insurance. For example, a condo owner who installs a state-of-the-art security system could enjoy a reduction in their premium, while another who bundles their condo and auto insurance with the same provider might also benefit from a significant discount, making comprehensive coverage both affordable and tailored to their needs.

Contact us today to explore insurance options and find the policy right now you.

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