Protecting Your Condo: Understanding Condo Insurance

Protecting Your Condo: Understanding Condo Insurance

If you’re a condo owner, it’s essential to have the right insurance coverage in place. Condo insurance can protect your investment and provide peace of mind. However, understanding the different types of condo insurance and what they cover can be confusing.

Types of Condo Insurance

There are two main types of condo insurance:

  • HO-6 policy: This policy covers your personal belongings, as well as the interior of your unit, including walls, floors, and ceilings. It also includes liability coverage in case someone is injured on your property.
  • Condo association insurance: This policy covers common areas of the condo complex, such as the exterior of the building, hallways, and amenities. It also includes liability coverage for the association.

Why You Need Both Types of Insurance

While your condo association may have insurance to cover common areas, it’s still important to have your own HO-6 policy. This policy protects your personal belongings and your unit’s interior.

Loss Assessment Coverage

In addition to the two main types of condo insurance, you may also want to consider loss assessment coverage. This coverage can help protect you from unexpected assessments levied by your condo association.

How to Choose the Right Condo Insurance

When choosing condo insurance, it’s important to consider the following factors:

  • The value of your belongings: The more valuable your belongings are, the higher your coverage needs to be.
  • The age and condition of your condo: Older condos may require more coverage due to potential maintenance issues.
  • The location of your condo: If your condo is in an area prone to natural disasters, you may need additional coverage.

Contact Us Today

Our experienced insurance agents can help you choose the right condo insurance policy for your needs. We can provide you with quotes from multiple carriers so you can find the best coverage at the most affordable price. Don’t wait, contact us today for a free consultation.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Search All Blogs

Generic filters

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Generic filters

Read More Blogs

The Wanderer’s Playbook: The Art of Traveling on a Budget

A practical guide to finding and saving money on travel adventures.

The Entrepreneur’s Toolkit: From Startup to Success, Insuring Every Step of the Journey

A phase-by-phase guide for entrepreneurs on the essential business insurance policies they need.

Beyond a Payout: How Life Insurance is a Living Financial Tool

A guide to how life insurance can be a living financial tool, with a focus on its cash value component.

The Driver’s Playbook: How to Maximize Your Auto Insurance Benefits

A playbook for drivers, revealing key policy benefits and strategies to get the most from your auto insurance.

Beyond the Big House: Uncovering the Hidden Value in Home Insurance

A deep dive into the valuable but often overlooked components of a home insurance policy.

The Thrill of the Grill: A Masterclass in BBQ Perfection

An ultimate guide to mastering grilling and barbecue, with tips, techniques, and delicious recipes.

The Entrepreneur’s Armor: A Guide to Protecting Your Business

A crucial guide to business insurance, covering essential policies and strategies for entrepreneurs.

The Gift of Security: A Simple Guide to Life Insurance

An easy-to-understand guide to life insurance, explaining policy types and a simple way to calculate your needs.

Hitting the Road Safely: Understanding Your Auto Insurance Policy

A simple guide to auto insurance, explaining coverage, premiums, and tips for finding the best policy.

The Homeowner’s Handbook: Protecting Your Property and Peace of Mind

A clear guide to home insurance, covering policy types, inventory tips, and how to save money.