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We break down the complexities of condo insurance to help you protect what matters most—your home, your belongings, and your future.
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What is condo insurance?
Condo insurance protects your individual unit and personal belongings within a condominium. It traditionally covers the interior structure of your condo, such as walls, floors, and built-in appliances, as well as your furniture, electronics, and other personal property.
Condo insurance also typically includes liability coverage for injuries or damage caused to others and loss of use coverage if your condo becomes uninhabitable due to a covered event. It’s designed to complement the coverage provided by your condo association, which typically covers the building’s exterior and common areas.
What does condo insurance cover?
A standard HO-6 condo insurance policy generally includes the following coverage types:
Dwelling coverage
Dwelling coverage protects the interior structure of your condo, including walls, ceilings, floors, plumbing, and built-in appliances, in case of damage from events like fire, vandalism, or water damage.
Personal property
Personal property covers your belongings, such as furniture, clothing, electronics, and items outside your condo, like laptops or bikes. High-value items may require additional coverage.
Liability coverage
Liability coverage provides protection if someone is injured in your condo or if you cause damage to others’ property. It also covers legal fees in case of a lawsuit.
Loss of use
Loss of use covers living expenses if your condo becomes uninhabitable due to a covered event, including hotel bills, food, and storage costs while repairs are underway.
Medical payments
Medical Payments helps cover medical expenses if a guest or roommate is injured in your condo, no matter who is at fault.
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What does condo insurance not cover?
While condo insurance provides essential protection, there are certain situations and types of damage that it traditionally doesn’t cover. Here’s a look at some common exclusions you should be aware of:
Flooding
Water damage from floods or tidal surges is usually not covered by standard condo insurance. You may need to purchase separate flood insurance.
Earthquakes and earth movement
Damage from earthquakes, sinkholes, landslides, and other earth movements is generally excluded from standard condo insurance. Specialized earthquake or earth movement coverage is available as an endorsement or separate policy.
Earthquakes, landslides, and sinkholes
Most standard policies exclude earthquakes and related ground movements, like landslides and mudslides. If you’re in a high-risk area, you can add coverage through an endorsement or a separate policy.
Pests and vermin
Damage from pests, rodents, and vermin (e.g., termites, rats) is typically not covered by condo insurance policies. Damage from such pests is considered a maintenance issue rather than an insured risk.
Freezing pipes
If pipes freeze due to lack of heat or water shut-off, the resulting damage may not be covered. Policies typically have clauses regarding maintenance requirements.
Neglect and intentional damage
Wear and tear, such as rotting or pollution damage, is typically not covered. Additionally, damage or loss caused by intentional acts, either by you or others in your condo, is typically excluded.
Property damage from motorized vehicles
Damage caused by motorized vehicles, aircraft, or watercraft is traditionally excluded from coverage.
Government actions and war
Losses due to government seizures, war, or acts of terrorism are typically not covered by standard condo insurance. You may need to look into government relief programs for assistance in such cases.
Nuclear hazards
Homeowners’ insurance traditionally won’t cover losses from nuclear accidents, as these are considered catastrophic risks beyond the scope of traditional policies. Government relief programs generally handle such incidents.
For a deeper dive, read our full article about what condo insurance covers and excludes.
Is condo insurance required?
If you have a mortgage on your condo, your lender will likely require condo insurance to protect their investment. Even if you own your condo outright, your association may still require you to carry coverage and meet specific minimums. Checking your association’s rules can help ensure you have the right protection in place.
What does the condo association’s policy cover?
Your condo association’s master policy—also called an HOA policy—typically covers the building’s exterior and shared spaces, like hallways, elevators, lobbies, and common areas. This coverage is funded through your HOA dues, but it typically doesn’t extend to the inside of your unit—that’s where your condo insurance comes in.
Why should I get quotes through a broker?
Finding the right condo insurance can be overwhelming, but an experienced broker makes it easier. Here’s how The Baldwin Group helps:
Here’s how it works:
- More choices, better savings: We compare multiple insurers to find the best coverage and exclusive discounts.
- Tailored coverage: We help ensure you get the protection you need—without overpaying or missing key coverage.
- Hassle-free shopping: We handle the research and comparisons, saving you time and effort.
Get expert guidance and the best rates available—contact us today for a personalized condo insurance quote.
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