Condo Insurance (HO-6) Calculator
About Condo Insurance (HO-6)
Condo insurance (HO-6) covers the interior of your unit — walls, floors, fixtures, and personal belongings — along with personal liability and loss of use. Your condo association's master policy covers the building exterior and common areas, but it does not cover your unit's interior or belongings. Understanding whether your HOA has an "all-in" or "bare walls-in" master policy is critical: bare walls policies leave all interior coverage to you, requiring higher HO-6 limits. Review your HOA master policy documents before selecting your coverage amount.
Frequently Asked Questions
What is the difference between HO-6 and HO-3 insurance?
HO-3 is for single-family homeowners and covers the entire structure. HO-6 is for condo owners and covers only the unit interior and personal property, since the building exterior is covered by the HOA's master policy.
What does "bare walls-in" vs "all-in" mean?
"Bare walls-in" HOA policies only cover the building structure to the wall studs — leaving flooring, cabinets, and fixtures your responsibility. "All-in" policies cover fixtures and improvements, requiring less individual HO-6 coverage.
Does condo insurance cover HOA special assessments?
Not by default, but a loss assessment coverage endorsement can protect you if the HOA levies a special assessment after a covered loss that exceeds the master policy limits.
How much liability coverage do I need in a condo?
At minimum, $100,000 in personal liability coverage is recommended. If water damage from your unit affects a neighbor's unit, you could be liable — higher limits provide better protection.
Is condo insurance required?
Many condo associations and lenders require unit owners to carry HO-6 insurance. Even when not required, it's strongly recommended given the significant financial exposure of an uninsured loss.
Results are estimates only. Actual HO-6 premiums depend on your HOA's master policy type, coverage limits, and insurer underwriting. Consult a licensed insurance professional for accurate quotes.