Condo Insurance

Condo insurance is designed to help protect your individual condominium unit and the belongings inside it. While your condo association’s master policy typically covers the building’s exterior and common areas, it usually does not fully cover the interior of your unit or your personal property. That’s where condo insurance comes in.

A condo insurance policy (often called an HO-6 policy) can provide coverage for:

• Interior of your unit – Helps pay to repair or replace improvements inside your condo—such as flooring, cabinets, fixtures, and sometimes interior walls—if they are damaged by a covered loss like fire, smoke, or certain types of water damage.
• Personal belongings – Helps protect your furniture, clothing, electronics, and other personal items if they’re stolen, vandalized, or damaged by a covered event.
• Liability protection – Can help cover legal costs, medical bills, or damages if someone is injured in your unit or if you accidentally cause damage to someone else’s property.
• Loss of use – If a covered loss makes your condo uninhabitable, this coverage can help pay for additional living expenses, such as temporary housing and extra food costs, while repairs are being made.

Every condo association’s master policy is different, so it’s important to understand what the association covers and where your responsibility begins. At Live Oak Insurance & Financial, we can review your association documents with you, explain your options, and help you choose condo insurance that fills in the gaps—so your home, belongings, and financial well-being are properly protected.