North Carolina HO6 policy is designed for condo owners in the state of North Carolina.
The North Carolina HO6 condominium insurance that standard insurance companies such as Mercury, State Farm Bureau and AAA in cities such as Charlotte, Raleigh, Fayetteville or Durham, 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 Raleigh and Winston-Salem regions are requiring proof of insurance for condos.
What Does HO6 Insurance Cover in North Carolina?
A standard condominium insurance policy in North Carolina whether you live in Charlotte, Raleigh or Greensboro will cover most damages to your NC condo and your personal belongings from perils such as fire, vandalism damage from falling objects, trucks or vehicles.
What is One Benefit of Having North Carolina Condo Insurance?
Cover personal property within the condo.
Buying North Carolina Condo Insurance
Master Policy - Living in North Carolina 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 North Carolina
Due to the housing crisis, mortgage companies are requiring HO6 insurance policies for any new condo purchases in the state of North Carolina.
Where is HO6 Condo Insurance in North Carolina?
The state of North Carolina now requires condo insurance everywhere you live:
- Charlotte, NC
- Raleigh, NC
- Greensboro, NC
- Winston-Salem, NC
- Winston Salem, NC
- Durham, NC
- Fayetteville, NC
- Asheville, NC
- Wilmington, NC
- Jacksonville, NC
- High Point, NC
- Cary, NC
- Chapel Hill, NC
- Gastonia, NC
- Goldsboro, NC
- Greenville, NC
- New Bern, NC
- Shallotte, NC
- Apex, NC
- Burlington, NC
- Hendersonville, NC
- Kinston, NC
- Lexington, NC
- Monroe, NC
- Reidsville, NC