Kentucky HO6 policy is designed for condo owners in the state of Kentucky.
The Kentucky HO6 condominium insurance that standard insurance companies such as Mercury, State Farm Bureau and AAA in cities such as Louisville, Lexington, London or Migrate, will cover losses to any of your personal items and any structure you own. This policy also covers damages to any fixtures that have been upgraded since the home was purchased. Due to the recent housing crisis, many lenders and mortgage companies in the Lexington and Frankfort regions are requiring proof of insurance for condos.
What Does HO6 Insurance Cover in Kentucky?
A standard condominium insurance policy in Kentucky whether you live in Louisville, Lexington or Covington will cover most damages to your KY condo and your personal belongings from perils such as explosion, lightning damage from falling objects, trucks or vehicles.
What is One Benefit of Having Kentucky Condo Insurance?
Damage to your unit not compensated because of the master policy deductible.
Buying Kentucky Condo Insurance
Master Policy - Living in Kentucky as part of an association, the association should have a master insurance policy to see what they cover so that you don't pay for coverage that is already covered.
Deductibles - This is the out of pocket amount that you will need to pay for each claim before the insurance policy kicks in. Additionally, there will be a deductible in the master policy in the event that there is an insurance claim under the master policy. Each member of the condo association will need to contribute their portion if there is some sort of disaster.
HO6 Condo Insurance Required in Most Areas Throughout Kentucky
Due to the housing crisis, mortgage companies are requiring HO6 insurance policies for any new condo purchases in the state of Kentucky.
Where is HO6 Condo Insurance in Kentucky?
The state of Kentucky now requires condo insurance everywhere you live:
- Louisville, KY
- Lexington, KY
- Covington, KY
- Frankfort, KY
- Newport, KY
- Migrate, KY
- London, KY
- Pleasure Ridge Park, KY
- Ashland, KY
- Bowling Green, KY
- Lyndon, KY
- Owensboro, KY
- Fort Mitchell, KY
- Leitchfield, KY
- Okolona, KY
- Paducah, KY
- Saint Matthews, KY
- Somerset, KY
- Summitt, KY
- Versailles, KY
- Bellevue, KY
- Berea, KY
- Bromley, KY
- Buechel, KY
- Campbellsville, KY