Looking for Condo Insurance?
Elder Agency has you covered!
Condo insurance (also referred to as an H0-6 policy) covers your condo unit where your condo association insurance stops. Your association typically insures the physical structure/building and other common areas.
Association by-laws vary, but condo owners are generally responsible for the interior of their unit, or from the drywall in. Things like your floors, walls, cabinets and fixtures that your association’s insurance likely doesn’t cover.
Getting a copy of those by-laws is a good idea so you can understand what your responsibilities are in the event of a claim. We can help you understand the fine print.
Condo insurance for Town-homes
It’s also important to understand that some town-homes are insured like condos, and therefore require an H0-6 policy.
If you live in a town-home, be sure that you have the correct type of insurance.
Elder Agency is here to help you understand the differences between a homeowners policy and a condo policy.
Frequently Asked Questions
The condo association’s master policy usually covers:
- Building exterior and structure
- Roof and foundation
- Common areas (hallways, lobbies, pools, gyms)
- Liability for shared spaces
However, coverage varies by association, so reviewing your bylaws is important.
Yes. The association’s policy does not typically cover:
- Your personal belongings
- Interior upgrades or finishes (in many cases)
- Personal liability inside your unit
Condo insurance fills those gaps.
Condo rates are based on:
- Coverage Limits selected
- Protection class/Location (local crime, weather, distance from fire station, claims history in area)
- Deductible
- Claims History
- Insurance Score
- Building Characteristics