Condo insurance

Condo insurance helps protect your belongings like clothes, furniture, and electronics. In general, condo insurance can help pay for damages and/or losses due to things like

• Fire
• Theft
• Severe weather
• Injuries due to an accident on your property

Start your condo insurance quote to see how much you could save!

You can get condo insurance for as little as $40 a month!¹ Like other insurance, the cost of your condo insurance depends on things like your

• Location
• Deductible
• Coverages you need

The good news is condo insurance is typically less expensive than homeowners insurance. When you own a house, you're responsible for the entire structure, inside and outside. With condo insurance, you're usually paying just to protect the inside of your unit which can make it cheaper.

• Your belongings
• Property Damage
• Damage to someone else's property
• Personal liability if there are medical bills and legal expenses if someone is hurt at your home
• Living expenses incurred if you temporarily vacate your condo as a result of a covered loss

In general, coverage depends on how much stuff you need to protect. To get started, take inventory of your belongings. Include your clothes, electronics, furniture, kitchenware, jewelry, and other items you own. This will help you think about how much protection you need.

While coverage will ultimately depend on how much stuff you need to protect, coverage of $15,000 for personal belongings and up to $100,000 in liability coverage, with the option to add on additional coverages, is often sufficient.

Please note, Liability Coverage comes standard with a Liberty Mutual condo policy. This coverage means you're protected if you, your family member, or your pet injures someone or damages their property.

Another thing to consider adding is No-fault Medical Coverage. This means your insurance company can help pay for someone's medical bills if they're injured in your home.

Liberty Mutual customizes your coverage so you only pay for what you need.

An HO6 policy is just another word for a condo insurance policy. If you're looking for an HO6 policy, no worries, you've found it. This term is generally interchangeable with “condo insurance.”

It depends. Condo insurance normally protects the inside of a unit only. So, it normally doesn't protect the structure of the building, including things that are shared like

• Roofs
• Garages
• Sidewalks, etc.

Many townhomes and condos have a homeowners association with a master policy. These master policies often help protect these shared elements. In these cases, a condo policy would work. You'll just want to verify what/if things are covered by a master policy.

Please note, if you're renting a townhouse, a renters insurance policy is what you'd need.

Yes, if you own a condo and want to protect your belongings, condo insurance can help. Although condo insurance isn't required by law, some lenders may require it.