Condo Insurance Options
What Is Condo Insurance?
Condo insurance (often referred to as an HO-6 policy) refers to coverage options designed to help address certain risks for condominium unit owners. Depending on the policy, coverage may include personal property, interior improvements and betterments, loss of use, and personal liability. These policies are generally structured to provide financial support in the event of a covered loss within the unit, subject to the terms of the condo association’s master policy.
Why Consider Condo Insurance?
While a condo association’s master policy typically covers the building’s exterior and common areas, unit owners are often responsible for their own belongings, interior finishes, and personal liability. Condo insurance may be appropriate for individuals who want options to help manage the financial responsibilities related to covered losses such as theft, certain types of water damage, or liability claims. With insurance in place, you may have added support in addressing costs connected to covered incidents, depending on the policy and the association’s master policy.
Getting Started
Contact us to explore condo insurance options and request a free, no-obligation quote.
