Condo insurance (HO-6) for California unit owners: personal property, interior improvements, personal liability, and loss assessment coverage.
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 …
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.
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…