Condo (HO-6) insurance for unit owners

Condo insurance (an HO-6 policy) is often called walls-in coverage because it protects the inside of your unit, while the association's master policy covers the exterior structure and common areas. HO-6 policies generally provide coverage for building property, your personal property, personal liability and loss of use. They usually do not cover flooding, which needs separate flood insurance.

A master policy is the insurance a condo association carries on the building and common areas. In Florida it covers the building as originally installed, but it excludes your personal property and items such as floor, wall and ceiling coverings, electrical fixtures, appliances, water heaters, built-in cabinets, countertops and window treatments. Those are the unit owner's responsibility, so owners typically insure them with an HO-6 policy.

There is no single right amount; it depends on what you own and what your association's master policy leaves to you. Florida law makes unit owners responsible for items like flooring, fixtures, appliances and cabinets, plus your belongings. A home inventory helps size personal property coverage, and your loss assessment and liability limits are worth reviewing too. A licensed agent can review your situation.

According to the NAIC, the average Florida condo unit-owner (HO-6) premium was $1,146 in 2023 (report published July 2026). Your price depends on your coverage limits, deductibles, location and claims history, and whether you choose named-peril or broader open-peril coverage, which costs more. A licensed agent can compare quotes from multiple companies for your unit.

Sometimes, depending on the cause. HO-6 policies are usually named-peril, meaning they cover only the causes of loss they list, so coverage for a leak or burst pipe depends on your policy wording. Flooding is usually excluded and needs separate flood insurance. Some damage to walls and structure may fall under the association's master policy instead, so a licensed agent can review both.

Only in part. HO-6 loss assessment coverage helps pay your share of an assessment caused by a covered loss to the building, and Florida law requires at least $2,000 of it, with a deductible of no more than $250. It applies only to assessments from a covered loss, not routine dues or reserve increases. Assessments and dues may also rise because Florida now requires structural reserve studies and funded reserves for buildings of three or more stories.