West Virginia HO6 policy is designed for condo owners in the state of West Virginia.
The West Virginia HO6 condominium insurance that standard insurance companies such as Safeco, Farmers and Nationwide in cities such as Charleston, Huntington, Mineral Wells or Beckley, 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 Huntington and Parkersburg regions are requiring proof of insurance for condos.
What Does HO6 Insurance Cover in West Virginia?
A standard condominium insurance policy in West Virginia whether you live in Charleston, Huntington or Morgantown will cover most damages to your WV condo and your personal belongings from perils such as hail, smoke, windstorm damage from falling objects, trucks or vehicles.
What is One Benefit of Having West Virginia Condo Insurance?
Damage to your unit not compensated because of the master policy deductible.
Buying West Virginia Condo Insurance
Master Policy - Living in West Virginia 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 West Virginia
Due to the housing crisis, mortgage companies are requiring HO6 insurance policies for any new condo purchases in the state of West Virginia.
Where is HO6 Condo Insurance in West Virginia?
The state of West Virginia now requires condo insurance everywhere you live:
- Charleston, WV
- Huntington, WV
- Morgantown, WV
- Parkersburg, WV
- Clarksburg, WV
- Beckley, WV
- Mineral Wells, WV
- Westover, WV
- Alkol, WV
- Coldwater Creek, WV
- Fairmont, WV
- Kearneysville, WV
- Kingwood, WV
- Lewisburg, WV
- Martinsburg, WV
- McGraws, WV
- Medley, WV
- Monongah, WV
- Pineville, WV
- Princeton, WV
- Rock Cave, WV
- Scarbro, WV
- Slatyfork, WV
- South Charleston, WV
- Sprague, WV