Estimate your HO-6 condo insurance premium based on unit value, personal property, improvements, and liability needs. Covers walls-in and contents coverage.
Condo insurance, formally known as HO-6, protects your individual unit from the walls in, your personal belongings, interior improvements, and your personal liability. Unlike homeowners insurance, condo insurance doesn't cover the building exterior, roof, or common areas — those are covered by the condo association's master policy.
HO-6 premiums are generally lower than homeowners insurance because you're only insuring the interior of your unit, not the entire structure. However, the amount depends on your unit's interior improvements (upgraded kitchen, hardwood floors, custom cabinets), your personal property value, and your liability needs.
This calculator provides educational estimates for HO-6 condo insurance. Actual premiums depend on your insurer, specific unit, master policy terms, and location. Always review your condo association's master policy to understand what it covers. Whether you are a beginner or experienced professional, this free online tool provides instant, reliable results without manual computation. By automating the calculation, you save time and reduce the risk of costly errors in your planning and decision-making process.
Many condo owners assume the master policy covers everything, but it typically only covers the building structure and common areas. Your interior improvements, personal belongings, and liability are your responsibility. This calculator helps you determine the right HO-6 coverage. Having a precise figure at your fingertips empowers better planning and more confident decisions.
Dwelling Coverage = Interior Improvements Value Contents Coverage = Personal Property Value Base Premium = (Dwelling / 1000 × Dwelling Rate) + (Contents / 1000 × Contents Rate) + Liability Cost Deductible Adjustment = Base Premium × Deductible Factor
Result: $525/year ($43.75/month)
Interior improvements of $50,000 at $5/$1,000 = $250, plus personal property of $35,000 at $5.50/$1,000 = $192.50, plus $300,000 liability at $45 = $487.50. With a $1,000 deductible factor (1.0) plus fees ≈ $525/year.
The first step in choosing HO-6 coverage is reading your condo association's master policy. A "bare walls" policy means your HO-6 needs to cover all interior finishes, fixtures, and improvements. An "all-in" policy covers some interior components, reducing your HO-6 needs.
Your HO-6 should cover interior improvements above builder-grade (hardwood floors, custom cabinets, granite countertops), all personal belongings, personal liability, additional living expenses, and loss assessment coverage.
Consider water backup coverage, earthquake coverage (if applicable), and increased loss assessment limits. In areas prone to storms, wind coverage may need to be added separately. Review your master policy for exclusions that affect your unit.
HO-6 is a condo insurance policy that covers everything from the walls in: your personal belongings, interior improvements (flooring, cabinets, fixtures), personal liability, additional living expenses, and loss assessments. The condo association's master policy covers the building exterior and common areas.
Homeowners (HO-3) covers the entire structure. Condo (HO-6) only covers the interior of your unit. This means HO-6 is generally cheaper because the exterior, roof, and common areas are covered by the association's master policy.
The master policy is the insurance carried by your condo association for the building and common areas. It may be "bare walls" (covering only the structure) or "all-in" (covering interior fixtures and built-ins). Your HO-6 policy fills the gaps.
If a major loss exceeds the master policy limits, the association can levy a special assessment on all unit owners. Loss assessment coverage in your HO-6 policy pays your share, protecting you from unexpected five-figure assessments.
Calculate the cost to restore your unit's interior (improvements above builder grade) plus your personal property value. Typical HO-6 dwelling coverage ranges from $20,000 to $100,000+ depending on interior upgrades. Personal property is separate.
Yes, typically. If a pipe bursts in the unit above you and damages your ceiling, flooring, and belongings, your HO-6 policy covers the damage to your unit's interior and your belongings. You can then subrogate against the neighbor's policy.