Coverage Overview
Your condo association's master policy covers the building and common areas, but what it covers stops well short of what you actually own and are liable for. Condo insurance (an HO-6 policy) fills that gap — and the size of that gap depends entirely on whether your association's master policy is written "all-in" or "bare walls," which changes how much of your unit's interior you need to insure yourself.
What an HO-6 condo policy typically covers
- Interior coverage for your unit — cabinets, flooring, fixtures, and any upgrades — to the extent it isn't already covered by the association's master policy
- Personal property coverage for your furniture, electronics, and belongings
- Loss assessment coverage, which reimburses you if the association levies a special assessment on owners to cover a shared loss
- Loss of use coverage if your unit becomes uninhabitable after a covered loss
- Personal liability coverage
Why loss assessment coverage matters right now
Florida's community-association insurance market has tightened considerably since the 2021 Surfside collapse, with new structural inspection and reserve-funding requirements driving larger association premiums — and larger special assessments when a shared loss isn't fully covered by the master policy. Loss assessment coverage is often a small add-on to an HO-6 policy, but it's the piece that protects you personally from that gap.
Carriers that write Florida condo coverage
We compare condo-eligible carriers including Florida Peninsula, Edison Insurance, Monarch National, and One Alliance North America to find the combination of price and coverage that fits your building's master policy.
Condo Insurance FAQ
What does condo insurance cover that the association's master policy doesn't?
It depends on whether your association's governing documents specify an "all-in" or "bare walls" master policy. A bare-walls policy only covers the building's original, unfinished structure — leaving everything from drywall in, plus your belongings and liability, to your own HO-6 policy.
What is loss assessment coverage and do I need it?
If your association's master policy doesn't fully cover a shared loss — storm damage to the roof, a major liability claim — the association can bill owners a special assessment to cover the shortfall. Loss assessment coverage on your HO-6 policy reimburses you for your share of that bill, up to your policy limit.
How much condo insurance do I need in Florida?
That depends on your unit's finish level, the value of your belongings, and, critically, what your specific association's master policy already covers. We compare your governing documents against the policy so you're not over- or under-insured.
What's the difference between condo insurance and homeowners insurance?
A standard homeowners policy insures the entire structure you own. An HO-6 condo policy insures only what the association's master policy doesn't — your unit's interior (fully or partially, depending on your docs), belongings, and liability — because the building itself is insured collectively through the association.