Also known as “HO-6 Insurance”
Condo insurance is designed specifically to protect condominium unit owners. Unlike traditional homeowners insurance, this policy covers the specific areas of the unit owned by the holder, while the common building is typically covered by the condo association’s insurance.
What does it cover?
- The interior of the unit, including improvements and remodels, appliances, and personal belongings.
- Damage caused by fires, thefts, or covered natural disasters.
- Liability coverage in case someone is injured inside your unit.
Why is it important?
Condo association insurance policies typically only cover the building’s common areas. You will need specialized insurance to protect your individual unit and belongings.
