Condo Insurance Coverage

Condo insurance, often referred to as condominium insurance or HO-6 insurance, tailored specifically for condominium unit owners. It covers personal property, interior structures, and liability within your condo unit, filling the gaps left by the condo association’s master policy.

Features

Dwelling Coverage: Condo insurance covers the structural elements within your condo unit, such as the interior walls, flooring, fixtures, and appliances. This coverage ensures that any damage to these elements is protected, which may not be covered by the condo association’s master policy.
Personal Property Coverage: Your personal belongings, including furniture, electronics, clothing, and more. It offers protection in the event of damage, theft, or loss due to covered perils.
Loss Assessment Coverage: If the condominium association imposes a special assessment to cover shared property losses or repairs.
Liability Coverage: Liability coverage protects you in case you are responsible for injuries or damage to someone else’s property within your unit. It covers legal fees, medical expenses, and settlement costs if you’re found liable.
Loss of Use/Additional Living Expenses (ALE): If your condo becomes uninhabitable due to a covered peril, Loss of use/ALE coverage can help pay the additional costs for temporary housing, food, and other essential living expenses until your unit is habitable again.
Loss Assessment Coverage: If the condominium association imposes a special assessment to cover shared property losses or repairs, this coverage helps pay your share of the assessment.
Liability Coverage: Liability coverage protects you in case you are responsible for injuries or damage to someone else’s property within your unit. It covers legal fees, medical expenses, and settlement costs if you’re found liable.