Condo Insurance
Where the association's master policy stops and your responsibility starts is buried in the association documents. We read those documents and build the policy around that line, so you're not guessing at the gap.
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What is condo insurance?
Condo insurance (an HO-6 policy) covers your unit from the drywall in: interior finishes, upgrades, belongings, and your personal liability. The association's master policy covers the building's structure and common areas, and where it stops is defined by your association's documents.
What this policy is typically built to handle.
- Interior walls, flooring, ceilings, and fixtures that fall to you under the association's documents
- Built-in appliances, cabinets, and upgrades you made to the unit
- Your belongings: furniture, electronics, clothing
- Personal liability if someone gets hurt in your unit or you damage a neighboring one
- Somewhere to stay when the unit is uninhabitable after a covered loss
- Loss assessment: your share when a large association claim exceeds the master policy
Who usually carries it.
- Any condo owner responsible for interior coverage under the association documents, which is nearly all of them
- Owners in large associations, where assessment gaps after big claims are a routine source of uncovered losses
- Owners who upgraded floors, kitchens, or baths beyond builder grade
- Owners whose lender requires an HO-6 as a mortgage condition
- Anyone who couldn't fund a full interior rebuild or a claim from the unit below
What it does not cover
- The building structure and common areas, which belong to the association's master policy.
- Flood and rising water, which need a separate flood policy even in a high-rise.
- Wear and tear and gradual leaks, which generally aren't covered.
- Assessments for things the master policy excludes entirely can fall outside loss assessment coverage, depending on the form.
- Valuables above small built-in caps, unless scheduled separately.
- Exact terms vary by carrier and by what your association's documents assign to you. We check both before you bind.
The walls-in gap
Picture a supply line behind the bathroom vanity in a tenth-floor unit failing while the owner is traveling. Water runs for hours before a neighbor notices and calls management. By the time the water's off, the bathroom floor, the subfloor, and the unit below have all taken damage. The owner calls the association, expecting their policy to handle it.
The master policy covers the building structure and stops at the drywall. The flooring, cabinets, and finishes are the owner's responsibility, and so is the downstairs neighbor's damage claim. This is what an HO-6 exists for: it pays for the interior rebuild and answers the neighbor's claim through its liability coverage. Without it, she funds every square foot herself.
Get a QuoteAn illustrative example, not a real claim. Every claim is decided by the insurance company under the terms of the actual policy.
What affects your cost.
No two households price the same. The only way to know your number is to quote it, and the quoting part is our job.
- Value of the interior finishes and belongings covered
- What the association's master policy actually covers, which sets how much falls to you
- Location, floor level, and building age
- Loss assessment limits you select, a live issue in large coastal associations
- Claims history and the limits you choose
Questions we hear a lot.
The association's declarations and bylaws define it, and the answer varies: some master policies stop at the bare walls, others cover original finishes but not your upgrades. Get the master policy declarations page from your management company and send it over. We size the HO-6 to the actual gap instead of guessing. This is exactly the kind of homework we do so you don't have to.
Usually more than the default. When a large loss or a big wind deductible exceeds the master policy, the shortfall gets assessed across the unit owners, and in big coastal communities those assessments have run into serious money per unit. Raising the loss assessment limit on an HO-6 typically costs little relative to what it protects. It's often the least expensive fix on the whole policy.
Generally not your HO-6, which excludes flood, and often not the association's flood coverage either, which typically stops at the building elements. Your interior finishes and contents usually need their own flood policy if the building carries the exposure. Coastal and low-elevation buildings usually do. We'll tell you whether yours does.
Probably. A higher master-policy wind deductible means a bigger shortfall gets passed to owners as an assessment after a storm. That argues for more loss assessment coverage on your HO-6, and it's worth rechecking each year when the association renews. Send us the updated master policy summary and we adjust. One email, done.
Coverage that often pairs with this.
- Flood InsuranceRising water is excluded from every standard homeowners policy. Flood is always its own policy, and finding out after the storm is too late.
- Personal Umbrella InsuranceLiability limits above your home and auto policies. For the judgment that would otherwise reach your savings, your equity, your wages.
Get your Condo Insurance quote.
Tell us once. A licensed agent shops it across the 50+ insurance companies we work with and comes back with real options, not a form letter.
- Fill this out. It takes a few minutes, not an afternoon
- A licensed agent shops your file across the 50+ insurance companies we work with
- Quotes come back, on average, within 24 hours²
Disclosures
- Sinai Coverage LLC is an independent insurance agency, not an insurer. Coverage is provided by the insurance companies your policy is placed with. Headquartered in Sunny Isles Beach, Florida. Serving all 50 states.
- Average across recent quote requests. Complex risks and certain coverage lines can take longer.