Top 10 Condo Insurance

Condo insurance, also known as HO-6 insurance, is a type of coverage specifically designed for condominium owners. It protects the interior of the unit and personal belongings against risks such as theft, fire, and certain types of water damage. This insurance typically complements the master policy held by the condominium association, which covers the building's structure and common areas.

A comprehensive condo insurance policy generally includes several key components: personal property coverage, liability protection, and additional living expenses. Personal property coverage protects items within your condo, such as furniture, electronics, and clothing. Liability protection covers legal fees and medical expenses if someone is injured while in your unit. Additional living expenses help pay for temporary housing if your condo becomes uninhabitable due to a covered peril. Other optional coverages might include loss assessment, which helps cover your share of damage to common areas, and building property protection, which extends to interior fixtures like cabinets and flooring. It's essential to review your condo association's master policy to understand what is already covered and to tailor your individual policy accordingly, ensuring comprehensive protection for your investment.