What is condo insurance?

Condo insurance, or HO6 insurance, is a policy designed to provide coverage for individual unit owners within a condominium building. It typically covers the unit’s interior and personal belongings, provides liability protection, and sometimes includes loss assessment coverage related to common area damages.

Is condo insurance mandatory in Florida?

While Florida law doesn’t require condo owners to have insurance, most condo associations in the state mandate that owners carry a certain level of coverage. This policy usually protects the owner’s interests and ensures the association’s master policy isn’t solely responsible for damages within individual units.

What does condo insurance typically cover?

Condo insurance typically covers the interior of the unit, personal property (such as furniture, clothing, electronics), liability for bodily injury or property damage, loss of use (additional living expenses if the unit becomes uninhabitable), and assessments for common area damages that exceed the association’s policy limits.