The HO6 condo insurance will cover losses to any of your persona property and any structure you own. This policy also covers damages to any fixtures of upgrades you added on since the move-in date. A lot of people have HO6 insurance because they are required to if they have a mortgage on the condo. A regular condo insurance policy does not cover your actual unit or any of your belongings. HO6 does provide liability protection.
What Does HO6 Insurance Cover?
A standard condominium insurance will cover damage to your condo and your personal items from lightning, hail, windstorm, fire, vandalism, explosion, burglary, damage from any falling objects, aircrafts, smoke or vehicles.
HO-6 Insurance Required
Due to the housing crisis and a revamped Fannie Mae and FHA, lenders are making HO6 insurance policies a requirement for any new condo purchases. Previously, HO-6 insurance was not required by any mortgage lender or bank which often confused owners that their master condominium insurance policy covered the interior of their units, similar to a traditional homeowners insurance policy, which is not true at all.
What States Offer HO6 Condo Insurance?
HO6 Insurance Quotes in: Alaska, Alabama, Arkansas, Arizona, California (CA), Colorado, Connecticut, DC, Delaware (DE), Florida (FL), Georgia, Hawaii (HI), Iowa, Idaho (ID), Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts (MA), Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina (NC), North Dakota, Nebraska, New Hampshire, New Jersey (NJ), New Mexico, Nevada, New York (NY), Ohio, Oklahoma (OK), Oregon (OR), Pennsylvania, Rhode Island, South Carolina , South Dakota, Tennessee, Texas (TX), Utah (UT), Virginia, Vermont, Washington (WA), Wisconsin, West Virginia, Wyoming.