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Condo Insurance
Protect your condo — and your possessions — with condominium insurance.
Condominium insurance covers damages to what's inside your condo.
What Is Condominium Insurance?
When you own a condominium, you — not your condo association — are responsible for what's
inside your condo. That's why having a personal condominium insurance policy is important.
Condo associations have master policies that cover the property, common areas and physical
structure of your building. However, these master policies do not cover your personal property
or your legal responsibility, and, possibly, improvements or customizations to your unit.
If you're shopping for a condominium insurance policy, you typically will find coverages, up to the
amount you select, such as:
A basic condominium insurance policy will cover damages to most of your personal belongings,
as well as walls, floors, ceiling coverings, etc. Most condominium by-laws or trust agreements
state that the condo owner owns or is responsible for everything within the unit, including:
With condominium insurance, sometimes called an HO6 policy, damage to improvements,
additions and alterations of your unit are covered. Your condo insurance policy also covers your
belongings and the structural parts of the building that you own.
Before you shop for condominium insurance, take an inventory of what you own to decide what
level of coverage makes you comfortable.
Protect your condo — and your possessions — with condominium insurance.
Condominium insurance covers damages to what's inside your condo.
What Is Condominium Insurance?
When you own a condominium, you — not your condo association — are responsible for what's
inside your condo. That's why having a personal condominium insurance policy is important.
Condo associations have master policies that cover the property, common areas and physical
structure of your building. However, these master policies do not cover your personal property
or your legal responsibility, and, possibly, improvements or customizations to your unit.
If you're shopping for a condominium insurance policy, you typically will find coverages, up to the
amount you select, such as:
- Personal property
- Replacement value of your primary dwelling and specified permanent attachments, up to a
specific value - Bodily injury if someone is hurt on your property
- Liability for property damage and bodily injury
- Damage protection from dangers, such as fire, plumbing freezes, vandalism, glass
breakage, etc.
A basic condominium insurance policy will cover damages to most of your personal belongings,
as well as walls, floors, ceiling coverings, etc. Most condominium by-laws or trust agreements
state that the condo owner owns or is responsible for everything within the unit, including:
- Permanently attached fixtures
- Improvements
With condominium insurance, sometimes called an HO6 policy, damage to improvements,
additions and alterations of your unit are covered. Your condo insurance policy also covers your
belongings and the structural parts of the building that you own.
Before you shop for condominium insurance, take an inventory of what you own to decide what
level of coverage makes you comfortable.