Condo insurance is coverage that helps protect against losses and repair costs for a condominium unit. Condo insurance often provides protection for theft, vandalism, fire damage, water damage, and more.
Condos are a great alternative to renting an apartment or owning a single-family home and they have their own unique insurance needs.
Condo insurance, also known as HO-6 insurance, is designed to cover what your condo association’s master policy won’t.
A typical condo insurance policy covers your personal belongings and pays out if you’re found responsible for someone’s injury.
If you live in a condominium, you can likely count on the condo or homeowners association to insure the building and common areas, but it won’t help you if your personal belongings are stolen or destroyed in a fire. For those and other potential disasters, you’ll need a condo insurance policy, also known as HO-6 insurance.