How Is Condo Insurance Different From Homeowners Insurance.

Condo insurance generally protects the parts of a unit the owner is responsible for, along with personal belongings and liability, while homeowners insurance typically protects the entire house and other structures. An HO-6 condo policy may address interior walls, fixtures, cabinets, improvements, and belongings after a covered loss. The association’s master policy may protect other portions of the building and common areas. Because master policies differ, condo owners should review the association documents before selecting coverage. Limits, deductibles, exclusions, and the unit owner’s responsibilities determine how protection applies.

Central Texas condo owners should compare their HO-6 policy with the association master policy and governing documents.