Condo Insurance Insurance
Condominium owners insurance (HO-6) fills the coverage gap between your HOA's master policy and your personal belongings and unit improvements. The master policy covers the building exterior and common areas — but it never covers your personal property, furniture, electronics, clothing, or interior …
Key Coverages for Condo Insurance Businesses
- Personal property — furniture, electronics, clothing, and belongings
- Interior improvements and betterments you installed
- Personal liability for injuries inside your unit
- Additional living expenses if your unit is uninhabitable
- Loss assessment — your share of an HOA special assessment
- Building property under bare walls master policies
Frequently Asked Questions
Does the HOA master policy cover my belongings?
No. The HOA master policy covers the building and common areas. It does not cover your personal property, interior improvements, or personal liability. Those are your responsibility through your own HO-6 unit owner policy.
What is loss assessment coverage?
Loss assessment pays your proportionate share of a special assessment levied by the HOA to cover a loss exceeding master policy limits or reserves. With 100 units and a $500,000 uninsured loss, that's a $5,000 assessment per unit — covered by your lo…