Trustees of condominium associations have a daunting task in securing insurance coverage for the association’s property and liability. While a primary concern is providing coverage at a price that is affordable to the unit owners, it is imperative to gain a basic understanding of the policy types and endorsements available for associations. What types of ...
Owners of condominium units receive building or structural insurance coverage from the association’s master insurance policy, but there may be many gaps of coverage. The insurance industry has responded to these gaps with the Condo Unit Owner’s Policy, or HO6. If you own a condo unit, you need an HO6 Policy. Master Policies cover the ...
InsureOurCondo.com is designed to help you find insurance for your condo. Unit Owners If you own a condo, you need a unit owner’s policy. There are several types of homeowner’s insurance policies; for condominiums it’s called an HO6 homeowner’s policy. It insures your personal property, your unit’s walls, ceilings, floors, and protects against personal liability. ...