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May 7, 2026
Condo insurance (HO-6) covers your unit's interior, personal property, liability, and loss of use — everything the HOA master policy leaves out. Learn what you need based on your HOA policy type.
Owning a condo is different from owning a house — and insuring one is different too. Your HOA has a master insurance policy that covers the building and common areas. But that policy almost certainly does not cover what is inside your unit, your personal belongings, or your liability if a guest is injured in your home. That coverage gap is exactly what condo insurance (HO-6) fills.
Dragon Insurance Services helps condo owners across Pennsylvania, Texas, Virginia, Maryland, Ohio, Tennessee, and Kentucky find the right HO-6 coverage to complement what their HOA provides. Explore our condo insurance coverage options or read on for a full guide.
To understand why you need condo insurance, you need to know what your HOA's master policy actually covers. There are two common types:
All-In (Comprehensive) Master Policy
Covers the building structure, common areas, and original fixtures and finishes inside each unit — the floors, cabinets, and built-ins as they were when the building was built. This is the more favorable type for unit owners — your HO-6 mainly needs to cover improvements, personal property, and liability.
Bare Walls-In (Studs-Out) Master Policy
Covers only the bare structure — exterior walls, roof, hallways, and common areas. Everything inside your unit — including original fixtures, flooring, cabinets, and drywall — is your responsibility. This type requires more robust HO-6 coverage from the unit owner.
Action item: review your HOA master policy before buying your HO-6
Ask your HOA for a copy of the master policy declarations page. Knowing whether your HOA uses an all-in or bare walls-in policy determines how much building coverage you need on your personal HO-6 policy.
Dwelling / Unit Coverage
Covers damage to the interior of your unit — the walls, floors, ceilings, fixtures, and built-in appliances — from covered perils like fire, water damage from a burst pipe, or vandalism. The amount needed depends heavily on whether your HOA uses an all-in or bare walls-in master policy.
Personal Property Coverage
Covers your furniture, electronics, clothing, and personal belongings inside the unit against covered perils. Just like homeowners insurance, you can choose between replacement cost (pays today's price to replace) and actual cash value (pays depreciated value) — replacement cost is recommended for most condo owners.
Liability Coverage
Protects you if a guest is injured in your unit and sues you, or if you accidentally cause damage to another unit (such as a plumbing leak that floods the unit below). Most condo owners carry at least $100,000 in liability — and adding a personal umbrella policy above that is strongly recommended.
Loss of Use / Additional Living Expenses
If your unit becomes uninhabitable after a covered loss, this covers your temporary hotel or rental costs and extra living expenses while repairs are made.
Loss Assessment Coverage
If a covered loss damages common areas and your HOA assesses all unit owners for the repair cost, loss assessment coverage pays your share of that assessment. This is one of the most overlooked — and most valuable — components of a condo policy. Many policies include a base amount, but you can often increase it affordably.
Medical Payments
Covers small medical claims for guests injured in your unit — regardless of fault. This no-fault coverage pays medical bills directly without requiring a lawsuit or liability finding, which can help resolve minor injuries quickly and preserve relationships with neighbors and guests.
Condo insurance is generally quite affordable. Typical annual costs across our 7 states range from roughly $250 to $600 per year ($20–$50/month), depending on your coverage limits, deductible, and location. Texas tends to run higher due to elevated weather risks; Ohio and Pennsylvania tend to be more affordable.
Key factors that affect your condo premium:
No state in our service area mandates condo insurance by law — but many HOAs require unit owners to carry a minimum amount of HO-6 coverage as a condition of ownership. Additionally, mortgage lenders typically require condo insurance similar to how they require homeowners insurance on a house. Review your HOA governing documents and your loan agreement to understand any specific requirements.
We review your HOA master policy declarations to help you determine exactly how much dwelling coverage you need — then compare multiple carriers to find the best rate for your specific unit and location.
Have your HOA master policy type handy if you know it — we'll help you figure out the right dwelling limit and build the right policy around your unit.
Visit us: 1525 Cedar Cliff Dr STE 202, Camp Hill, PA 17011
Serving condo owners across PA, TX, VA, MD, OH, TN, and KY.
Dragon Insurance Services LLC is a licensed independent insurance agency. Condo insurance is not required by state law in the states we serve, though HOA governing documents and mortgage lenders may impose requirements. Coverage availability, rates, and terms vary by carrier, state, unit type, and individual circumstances. Rate estimates shown are general market examples and do not constitute a quote or guarantee of specific pricing. Review your HOA master policy and consult a licensed agent to determine the appropriate coverage for your unit.
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