What Is Condo (HO-6) Insurance?

Condo (HO-6) insurance is designed to meet the unique needs of condo owners. It insures the interior of your condo unit, your personal property, and your liability.

Condo Insurance Provides:

  • Limited dwelling coverage for alterations, appliances, fixtures, and improvements, along with any structures that are solely your responsibility, as defined by your homeowners association (HOA) bylaws.

  • Personal property coverage for the items that fill your home, such as your sofa, television, books, and dishes.

  • Loss of use coverage for extra living expenses, such as hotel and laundry bills, if you are required to leave your home after a covered loss.

  • Additional coverage for loss assessment charges from your HOA, subject to your policy terms.

  • Liability coverage.

The HOA's master insurance policy will only cover damages relating to the common use areas of the development. If you want to protect your home, condo insurance will work for you.

How Does Condo Insurance Work?

Condo insurance typically covers the parts of the condo that you're responsible for, as established by your HOA bylaws. For some losses, you may need to file a claim under both your condo policy and the HOA's master insurance policy.

Just like any other insurance policy, you'll have to follow certain conditions when you file a claim:

  1. Notify the insurance company as soon as possible;
  2. Notify the police or the credit card company if the loss relates to theft or identity fraud;
  3. Protect your property from further damage;
  4. Collaborate with the insurer; and
  5. Prepare an inventory of damaged items and verify the loss.

The information and descriptions on this site are general in nature. The coverage afforded for a particular loss depends on the specific facts and the terms, exclusions, and limits of the actual policy. Nothing on this site alters the terms or conditions of any policy, as the policy controls coverage. Coverage options, limits, discounts, deductibles, and other features are subject to underwriting criteria, state availability, and effective dates. Coverage provided and underwritten by NJM Insurance Company and its subsidiaries, 301 Sullivan Way, W. Trenton, NJ 08628.