Navigate HOA master policies, unit owner coverage, and special assessment issues for condo damage.
Get Claim Command Pro →Condo insurance claims are complex because coverage is split between the HOA's master policy and individual unit owner policies. Understanding which policy covers what is critical.
The HOA's master policy covers common areas and building structure. Your unit owner policy (HO-6) covers your personal property, improvements, and potentially portions of the unit interior. The division of responsibility depends on your HOA's governing documents and the type of master policy.
Walls-in master policies cover the building structure but not interior finishes. All-in master policies cover everything including interior finishes. You need to know which type your HOA has to understand your coverage responsibilities.
If the HOA's master policy has a large deductible or insufficient coverage, the HOA may levy special assessments on all unit owners. Your HO-6 policy may cover your portion of these assessments, but many owners don't realize this coverage exists.
This is a critical but often overlooked part of HO-6 policies. It covers your share of special assessments from covered losses. Default limits are often only $1,000-$2,000, but you can purchase higher limits.
Covers building structure and common areas
Covers personal property, improvements, and liability
Covers your share of HOA special assessments
Covers temporary housing if your unit is uninhabitable
Condo claims require coordination between the HOA, master policy insurer, and your unit owner policy.
Navigate the complexity of HOA master policies and unit owner coverage.
Get Claim Command ProYes. The master policy doesn't cover your personal property, improvements, or liability. You need an HO-6 policy for complete protection.
The HOA's master policy handles common area damage. However, if the HOA levies special assessments, your HO-6 loss assessment coverage may apply.
It depends on your HOA's governing documents. Some HOAs assess the responsible unit owner; others spread it among all owners. Check your HOA bylaws.
Your HO-6 policy should cover improvements and betterments you've made to your unit. Ensure your coverage limits are adequate.
Consider your HOA's master policy deductible and coverage limits. If the master policy has a $50,000 deductible, you want enough loss assessment coverage to cover your share.