COVERAGE. CLARITY. LOCAL SUPPORT.
Condo Insurance and Your Master Policy
A condominium association’s insurance and a unit-owner policy serve different responsibilities. Start with the governing documents and master-policy summary, then review what you need for interiors, belongings, liability and eligible assessments.
Find the boundary of the association’s responsibility
The building style alone does not decide the right policy. Review the declaration, bylaws and master policy to understand which interior components and common structures the association insures. Ask about its deductible and any responsibility assigned to unit owners.
Review unit-owner protection
An HO-6 policy commonly addresses eligible interior improvements, personal property, liability and loss of use. Match the limit to the responsibility identified in the documents. Do not assume the master policy replaces the unit owner’s belongings or liability coverage.
Discuss loss assessments and water claims
Assessment protection applies only to qualifying situations under the policy and endorsement. Routine maintenance and capital projects are different matters. For water damage, the cause, unit-owner wording, association responsibility and potential liability all need review.
PREPARE YOUR CONVERSATION
What to have ready
- Declaration and bylaws
- Master policy summary and deductible
- Interior improvements and belongings
- Unit-owner and lender requirements
Common questions
6 answersWhat is HO-6 condo insurance?
HO-6 is a common unit-owner policy covering eligible interior improvements, belongings, liability, and loss of use, subject to the association master policy.
Does the condo association master policy cover my unit?
The master policy typically covers certain shared structures and possibly some unit components; the declaration and bylaws determine responsibilities.
What is walls-in condo insurance?
Walls-in is shorthand for coverage of unit interior components, but the actual insured responsibility depends on the association documents and policy.
What is loss assessment coverage for condos?
Loss assessment coverage may help pay qualifying assessments charged to unit owners for covered losses or liability, subject to conditions and limits.
How much condo insurance do I need?
Assess your responsibility for interior finishes, improvements, contents, liability, and potential assessments alongside the association master policy.
Does condo insurance cover water damage from an upstairs neighbor?
It may, depending on the cause, policy language, association responsibility, and whether another party is legally liable.
Information is educational and does not amend or replace an insurance contract. Products, eligibility, limits and pricing vary by insurer, location and individual circumstances. Policy terms, exclusions and applicable rules control. A quote request does not bind coverage.