Condo (HO-6) vs. Homeowners (HO-3) Policy
Condo owners typically need an HO-6 policy rather than a standard HO-3, since the condo association's master policy usually covers the building structure, leaving the unit interior and belongings to the owner's individual policy.
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Homeowners HO-3 Policy
The standard policy form for a single-family home, covering both the structure and personal belongings, since there's no separate association master policy.
- Appropriate coverage structure for a home you own entirely, structure included
- Not the correct policy form for a condo unit, where the association typically insures the building
Condo HO-6 Policy
A policy designed for condo owners, covering interior finishes, personal belongings, and liability, while the association's master policy typically covers the building structure and common areas.
- Priced for the owner's actual exposure, not the whole building structure
- Fills the gap between the association's master policy and personal coverage needs
- Coverage depends on understanding exactly what the association's master policy does and doesn't cover
- Underinsuring interior improvements is a common mistake if the master policy's scope isn't reviewed
Which one makes sense for you?
Condo owners need an HO-6, not a standard HO-3, since the two are designed for fundamentally different ownership structures. Reviewing the association's master policy first is essential to avoid gaps or unnecessary overlap in coverage.
Key cost factors.
- What the condo association's master policy specifically covers
- Value of interior improvements and upgrades made to the unit
- Value of personal belongings within the unit
- Liability exposure within the unit and any limited common areas
Before you decide.
- What does the association's master policy cover versus exclude?
- Does my HO-6 need to cover interior upgrades I've made beyond the unit's original finishes?
- What liability coverage do I need beyond what the association carries?
Frequently asked questions.
Does the association's master policy cover my personal belongings?
Generally no — master policies typically cover the building structure and common areas, not an individual owner's personal belongings or interior finishes, which is exactly what an HO-6 policy is designed to cover.
All figures on this page are illustrative examples for general education, not quotes, appraisals, or guarantees of actual pricing. Actual costs vary by provider, location, project scope, and market conditions — always get a specific quote before making a purchasing decision.
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