Condo Insurance
Secure your condo with customizable insurance options.
Say goodbye to the confusion and frustration of shopping for condo insurance. With affordable rates and flexible options, securing your condo has never been easier.
Condo Insurance
Secure your condo with customizable insurance options.
Say goodbye to the confusion and frustration of shopping for condo insurance. With affordable rates and flexible options, securing your condo has never been easier.
Find your perfect condo insurance policy with ease.
At Guided Solutions, we understand how important it is to have the right insurance coverage for your condo and belongings. That’s why we’ve partnered with the best-rated insurance providers to offer you a wide range of options to choose from.
Wall-to-wall, floor-to-ceiling protection.
No fees, no obligations, just top options and expert guidance.
Our team of experienced agents will work with you to identify the best plan that fits your specific needs and budget. With our guidance, you can rest assured that your condo and belongings are well-protected with the right amount of coverage.
Here's what you need to know about condo insurance.
Condo insurance provides coverage for the interior of your unit and personal belongings. It also offers liability coverage to protect you if someone is injured in your home, and loss of use coverage if you need to temporarily relocate while your condo is being repaired.
Let’s explore frequently asked questions and the different types of condo insurance coverage to help you make informed decisions about your policy options.
What is the difference between condo and homeowners insurance?
The main difference between condo insurance (HO-6) and home insurance is that condo insurance only covers what’s inside the unit. Home insurance covers the entire home, inside and out, including the land and freestanding structures on the property.
Is condo insurance required?
Though there are no state mandates, it's common for condo associations and mortgage lenders to require certain levels of condo insurance.
What does the condo association’s policy cover?
The condo association’s master policy, aka HOA policy, typically only covers the outside of the building and shared spaces like the lobby, elevators, hallways, recreational areas, and parking lot/garage. You pay your portion of this coverage through your condo association (HOA) dues.
Understanding standard and optional coverage an HO-6 policy.
Here’s a breakdown of the different types of coverage usually included in a standard HO-6 condo insurance policy, as well as optional coverage you can add for additional protection.
Dwelling Coverage
Dwelling coverage protects your unit's interior, including walls, fixtures, cabinets, and flooring. If your HOA has all-inclusive or all-in coverage, you likely won't need it on your individual policy.
Personal Property Coverage
Personal property coverage helps to replace your belongings (clothes, furniture, electronics, appliances) if stolen or damaged by a peril that's covered in your policy, like fire or theft.
Personal Liability Coverage
Personal liability coverage protects you if you're found legally responsible for someone else's injury or damage to their property while visiting your condo.
Loss of Use Coverage
Loss of use coverage helps pay for additional living expenses if your condo is deemed temporarily unlivable after a covered peril, like a fire.
Loss Assessment Coverage
Loss assessment is optional coverage that can help pay your portion of a shared loss if a covered peril damages your building's common areas, and the repairs cost more than your HOA has set aside.
Tip: Review your HOA's master policy before purchasing your own coverage
Save yourself some time and money by checking out your condo association’s master policy to determine which coverage you might actually need! For instance, if the master policy has all-inclusive or all-in coverage, you may not need to include dwelling coverage in your personal policy.
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Home Insights covers everything you need to know about property insurance, from essential coverage to optional add-ons. Whether you’re a first-time buyer or a seasoned owner, you’ll gain the knowledge to make informed decisions and feel confident in your home’s protection.
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