Condominium insurance, also known as HO-6, is essential for all condo owners. A standard HO-6 policy covers what a condo association’s master policy won’t, including financial protection from damaged or lost personal belongings and injuries that occur inside your condo. Our agency can help you evaluate your coverage options to determine the right policy for you and your condo. Contact us today to learn more.
Condo Insurance Coverages
Coverages vary among condo owners, but a general HO-6 policy might include:
- Dwelling coverage, which helps cover any damage that occurs to the interior of your condo, including expenses related to weather damage such as hurricanes and fires
- Personal property coverage, which generally assists in covering expenses related to damaged or lost personal belongings, including clothing and furniture, that you keep inside your condo
- Personal liability coverage, which can assist in covering medical bills or legal expenses if someone gets injured inside your condo
- Additional living expenses, which covers living expenses, such as a hotel room, if damage occurs to your condo and you cannot live there while it’s being repaired or rebuilt
Although these coverages are common in most HO-6 policies, there might be additional options. You may also need to secure additional lines of coverage, such as flood insurance or personal umbrella insurance. Reach out to our agency today to learn more about coverages to include in your policy.
How to Get Condo Insurance
E.W. Smith Agency can assist you in learning more about HO-6 policy options. For more information, contact us today to request a quote.