What Does Condo Insurance Cover?

Condo insurance policies typically cover what the condo association’s master policy doesn’t cover. A condo association master policy can be of two types:

• An “all-in” condo master policy: Also known as a “single-unit” master policy, this type of policy covers the fixtures in your condo such as the appliances, wiring, plumbing, and carpets, but does not cover personal property that you own.

• A “bare walls-in” condo master policy: This policy does not cover anything contained within your walls. It may or may not cover your condo’s plumbing and electrical systems. Be sure to carefully review the association’s master policy to determine what your condo insurance policy needs to cover.

It is most common to find the basic condo master policy purchased by Homeowners Associations; depending on the occupancy of the unit (owner or tenant), the unit owner would purchase a Condo Owners Policy (Form HO-6) with optional endorsements available as necessary.

This form of insurance may be quoted and purchased directly at: Condo Insurance Online