Protect your condo unit, personal belongings, and liability with the right condo insurance policy.
Covers the interior structure of your unit, including walls, floors, ceilings, and built-in fixtures.
Protects your belongings like furniture, electronics, clothing, and appliances.
Covers legal costs and damages if someone is injured in your unit or you damage someone else's property.
Covers your share of damage to common areas if the HOA's insurance isn't enough.
The main difference is that condo insurance only covers the interior of your unit. Your HOA's master policy typically covers the building's exterior, common areas, and shared amenities.
Review your HOA's master policy to understand what's covered and where your personal policy needs to begin. Some master policies cover "walls-in" while others only cover "walls-out."
Condo insurance typically costs $300-$600 per year, making it more affordable than homeowners insurance since you're not covering the entire building structure.