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The Oak Insurance Group
Comprehensive Condo Insurance: Protect Your Home and Assets
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Looking for Condo Insurance in Atlanta?
The Oak Insurance Group has you covered!
Condo insurance (also referred to as an HO-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.
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Condo insurance for Town-homes
It’s also important to understand that some town-homes are insured like condos, and therefore require an HO-6 policy.
If you live in a town-home, be sure that you have the correct type of insurance.
The Oak Insurance Group is here to help you understand the differences between a homeowners policy and a condo policy.
Frequently Asked Questions
What does condo (HO-6) insurance cover?
An HO-6 policy covers what your association's master policy does not, usually the interior of your unit, such as floors, walls, cabinets and fixtures, plus your personal belongings, your personal liability and extra living expenses if you cannot live in the unit after a covered loss.
What does my HOA master policy cover?
It depends on the bylaws. Many master policies cover the building structure and common areas, while owners are responsible for the unit from the drywall in. Ask your association for the bylaws and master policy declarations. We will review them with you and size your HO-6 coverage to match.
What is loss assessment coverage?
If the association has a large claim or a deductible it passes on to owners, you may receive an assessment. Loss assessment coverage on your HO-6 policy can help pay your share. We check your association's deductible and recommend a loss assessment limit that fits it.
Does my townhome need a condo policy or a homeowners policy?
It depends on how the property is legally set up. Some townhomes are insured like condos and need an HO-6 policy; others need a standard homeowners policy. We review your deed and association documents so you get the right policy type.
Can my umbrella policy cover my condo?
Yes. A personal umbrella can sit over the liability on your condo policy and your auto policy. In most cases we write umbrellas and auto as part of a package, along with your condo policy, so the limits line up.
