Ho6 Vs Condo Insurance at Car Insurance

Ho6 Vs Condo Insurance. While the coverage offered through your building normally protects the building exterior and any common areas or walkways, there are still many things the association’s policy will not insure. Condo insurance generally won’t cover common areas in your complex, like hallways, sidewalks and parking lots.

What Is An Ho-6 Insurance Policy? - Hippo
What Is An Ho-6 Insurance Policy? - Hippo from www.hippo.com

The condo association typically requires that the owner’s ho6 policy covers the deductible on the association’s master insurance policy, which for many associations is somewhere in the $5,000 to $50,000 range. Condo insurance protects your condominium unit and your personal belongings, and covers medical expenses and legal costs if a guest sustains an injury in your unit. In a condo total loss scenario (the building burns down), you need additional coverage a on your ho6 insurance policy.

What Is An Ho-6 Insurance Policy? - Hippo

What kind of insurance am i supposed to have, a homeowners insurance policy or a condo unit owners insurance policy? Let's look at your specific situation. Condo insurance protects your condominium unit and your personal belongings, and covers medical expenses and legal costs if a guest sustains an injury in your unit. The most notable differences are how the dwelling coverage and other structures coverage are calculated.