Understanding HO6 Insurance

While HO6 insurance for your condominium is not a requirement in Florida, it is highly recommended. Although not mandated by the state, your mortgage lender or the homeowner’s association may require that you have coverage for the unit.

What is HO6 Condominium Insurance?

HO6 insurance, also known as condominium insurance or walls-in coverage, is designed to protect an individual’s residence. It provides coverage for several areas, including liability claims if someone is injured on your property, coverage for interior items or belongings that sustained damage, coverage for damage to the unit, and expenses if you need to stay elsewhere due to damage to the unit.

What is HOA Insurance?

Your homeowner’s association (HOA) is responsible for carrying insurance that covers the property. This includes the structure of the exterior of the building, the roof, and interior areas, such as hallways, stairs, and elevators. HOA insurance does not cover the contents of the residence. That is why you need HO6 insurance.

HOA insurance covers liability issues, outdoor maintenance, common areas, and playgrounds. Depending on whether your condo resides on an individual lot or is attached to another/other unit will determine the type of coverage the HOA will provide. HOA insurance is available as bare walls, single entity, and all-in coverage.

Knowing what type of insurance the HOA provides is important, as it will determine the amount of coverage you need to protect your investments and personal items.

Contact Familia Insurance Agency

When you are ready to choose HO6 insurance coverage for your condominium in Kissimmee, FL, contact us at Familia Insurance Agency. One of our agents will gladly answer any questions or concerns you may have and help you get the right policy at the right price.