Compare Condo Insurance Quotes

Condo insurance — formally an HO-6 policy — is homeowners insurance designed for unit owners in a condominium or co-op. It covers what your HOA's master policy does not: the interior finishes of your unit, your personal property, your personal liability, and loss assessments levied by the HOA.

Your HOA pays for the building envelope and common areas through its master policy. Everything from the wall studs inward — drywall, flooring, cabinets, fixtures, appliances, your belongings — is your responsibility.

Five core coverages:

• Dwelling (Coverage A). Your unit's interior improvements — cabinets, countertops, flooring, built-ins, fixtures.
• Personal property (Coverage C). Furniture, electronics, clothing, anything you own.
• Liability (Coverage E). Legal costs and damages if someone is injured in your unit.
• Loss of use (Coverage D). Temporary housing if your unit is uninhabitable after a covered loss.
• Loss assessment. Pays your share of a special assessment levied by the HOA after a major loss exceeds the master policy.

Critical step: read your HOA's master policy declarations and figure out whether it's "all-in," "walls-in," or "bare walls." That determines how much dwelling coverage you need on your HO-6.

The national average runs $25–$50 per month — meaningfully less than homeowners insurance because you're not insuring the structure of the building. Coastal Florida and wildfire-prone California can run 2–3x higher.

Main cost variables: your unit value, coverage amount on improvements (this can range from $20K for a basic finish to $200K+ for a luxury gut-renovation), deductible, and loss assessment limits.

Three numbers to calibrate:

• Dwelling (Coverage A): replacement cost of your interior improvements. A 1,200 sq ft unit with standard finishes usually needs $30K–$60K; a gut-renovated luxury unit might need $150K+.
• Personal property: inventory your belongings and insure at replacement cost (not ACV).
• Loss assessment: $50K is the common default; ask your HOA for the master policy deductible — your loss assessment coverage should exceed your share of that deductible.

The workflow:

1. Get a copy of your HOA master policy's declarations page.
2. Determine whether it's all-in, walls-in, or bare-walls.
3. Calculate your interior improvement replacement cost (rough rule: $40–$75 per sq ft for standard finishes).
4. Quote 2–3 carriers with identical limits. Farmers, State Farm, and regional mutuals are usually the most competitive.
5. Add loss assessment coverage at or above $50K unless you've verified your HOA has much lower deductibles.