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Condo Insurance Tailored for You

Owning a condo comes with unique responsibilities—and unique risks. While your condo association’s master policy covers the building’s exterior and shared spaces, it often leaves gaps in coverage for your personal property, interior upgrades, and liability. That’s where GRIT Insurance steps in.

We specialize in providing condo insurance policies tailored to your needs, ensuring that you’re covered where your condo association’s policy stops.

Condo Insurance - Coverage for What Your HOA Policy Does Not Protect

Most condo owners assume their HOA's insurance has them covered. It does not. The HOA master policy covers the building structure and common areas. Everything inside your unit - your belongings, your flooring, your cabinets, your liability - is on you.

That is what a condo insurance policy (called an HO-6) is for.

Why Condo Owners Need Their Own Policy

Your HOA pays for a master policy that covers the building's structure, roof, exterior walls, hallways, elevators, and shared amenities. But it stops at your front door - and sometimes before that.

Here is what your HOA policy typically does NOT cover:

Your personal property. Furniture, electronics, clothing, kitchen appliances, artwork - none of it is covered by the HOA policy. If there is a fire, flood, or theft, replacing everything comes out of your pocket.
Your interior finishes. Flooring, cabinets, countertops, light fixtures, and any upgrades or renovations you have made may or may not be covered by the master policy. It depends on whether your HOA has a "bare walls" or "all-in" policy (more on that below).
Liability for injuries inside your unit. If a guest slips in your kitchen or your child's friend gets hurt in your living room, that is your liability. The HOA policy does not cover it.
Loss assessment. If a major loss exceeds the HOA master policy limits, the association can levy a special assessment on every unit owner. Without loss assessment coverage, you pay your share out of pocket.

What Condo Insurance (HO-6) Covers

An HO-6 condo policy is designed to fill the exact gaps that HOA master policies leave open:

Personal property at replacement cost - what it would cost to buy new, not what your used furniture is worth today
Interior dwelling coverage (walls-in) - flooring, cabinets, fixtures, built-ins, and improvements you have made to the unit
Personal liability - protection if someone is injured inside your unit or you accidentally damage a neighbor's property
Loss of use - covers your living expenses (hotel, meals, temporary housing) if your unit becomes uninhabitable after a covered loss
Loss assessment - pays your share when the HOA levies a special assessment after a major claim that exceeds the master policy
Medical payments to others - covers small injury claims from guests without requiring a lawsuit

The HOA Master Policy Gap

This is where most condo owners get tripped up. There are two types of HOA master policies, and which one your association has changes what you need to cover on your own.

"Bare Walls" Master Policy

Covers the building structure only. You are responsible for everything from the drywall in - flooring, cabinets, countertops, fixtures, appliances, paint, and all personal property. This is the more common type, and it means your HO-6 needs higher interior dwelling coverage.

"All-In" Master Policy

Covers the building structure plus the original fixtures and finishes as they were when the building was built. You cover any improvements, upgrades, or renovations you have made, plus all personal property. Your HO-6 interior dwelling coverage can be lower, but you still need it for anything you have changed or added.

Important: You need to read your HOA's master policy or CC&Rs to know which type you have. Most condo owners never check, and they find out the hard way after a claim. We can help you review it.

Condo Insurance as Part of Your Full Program

Condo insurance works best when it is bundled with your other personal policies:

Bundle with auto and umbrella for a multi-policy discount
Make sure your umbrella extends over your condo liability, not just your auto. Many people miss this.
If you rent your unit out (even occasionally through Airbnb or VRBO), you may need additional coverage that a standard HO-6 does not include

A personal insurance review catches the HOA coverage gap that most condo owners do not know about until something goes wrong.

Frequently Asked Questions

How much does condo insurance cost?

Most condo owners pay $300-$800 per year depending on unit value, location, and coverage levels. It is one of the more affordable personal insurance policies because the building structure is covered by the HOA master policy.

Do I need condo insurance if my HOA has insurance?

Yes. The HOA master policy covers the building and common areas. It does not cover your personal belongings, your interior improvements, your liability, or your living expenses if you are displaced. You need your own HO-6 policy.

What is loss assessment coverage?

If a major loss exceeds the HOA master policy limits, the HOA can levy a special assessment on unit owners to cover the shortfall. Loss assessment coverage on your condo policy pays your share. Without it, you could owe thousands out of pocket for damage to common areas.

Related reading: Home Insurance | Renters Insurance

Start Your Personal Insurance Review

Condo insurance is not something to guess at. The right coverage depends on your HOA's master policy, the value of your belongings, your interior finishes, and how your other policies connect. We will help you figure out exactly what you need.

Call us at (801) 505-5500 or request a quote online. We will review your HOA's master policy and build the right HO-6 around it.

What Does Condo Insurance Cover?

GRIT Insurance offers customizable coverage to protect you and your home. Our condo insurance policies can include:

Interior Coverage: Protects improvements like flooring, cabinetry, and built-ins that are not covered by the association’s policy.
Personal Property: Covers your belongings, such as furniture, electronics, clothing, and appliances, against damage or theft.
Liability Protection provides financial coverage if someone is injured in your condo or if you accidentally damage a neighbor’s property.
Loss of Use: Helps cover living expenses if your condo becomes uninhabitable due to a covered event.
Loss Assessment: Covers your share of expenses if the condo association charges unit owners for a major loss or damage to common areas.

Condo Insurance vs. HOA Master Policies

It’s essential to understand the difference between your condo association’s master policy and your individual condo insurance.

Master Policy: Typically covers the building’s exterior, shared spaces, and liability for common areas.
Your Condo Insurance: Protects your personal property, interior upgrades, liability, and additional living expenses.

We’ll help you review your HOA’s master policy to identify gaps in coverage and ensure your condo insurance effectively fills those gaps.

Why Choose GRIT Insurance for Your Condo Policy?

As your local independent insurance agency, GRIT Insurance is dedicated to finding the right policy for your specific situation. Here’s how we stand out:

Access to Multiple Carriers: We work with a wide range of trusted insurance providers to find the best coverage at the most competitive rates.
Personalized Service: Our experienced agents take the time to understand your unique needs and tailor a policy just for you.
Ongoing Support: Whether you’re getting a quote, updating your coverage, or filing a claim, we’re with you every step of the way.

Frequently Asked Questions About Condo Insurance

Do I need condo insurance if my HOA has a master policy?
Yes. The master policy usually doesn’t cover your personal property, liability, or interior features like flooring and cabinetry. Condo insurance bridges these gaps.

What factors affect my condo insurance premium?
Premiums depend on factors such as the value of your belongings, location, coverage limits, and the specifics of your condo association’s master policy.

Can condo insurance cover short-term rentals?
If you rent out your condo through platforms like Airbnb, additional coverage may be needed. Our agents can help you secure the appropriate policy.

What happens if there’s a special assessment from my HOA?
Loss assessment coverage can help pay for your share of unexpected expenses, such as damage to shared spaces or liability claims against the HOA.

Condo Insurance