Wisconsin HO6 policy is designed for condo owners in the state of Wisconsin.
The Wisconsin HO6 condominium insurance that standard insurance companies such as Allstate and Prudential in cities such as Milwaukee, Madison, Waukesha or Kenosha, 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 Madison and Racine regions are requiring proof of insurance for condos.
What Does HO6 Insurance Cover in Wisconsin?
A standard condominium insurance policy in Wisconsin whether you live in Milwaukee, Madison or Green Bay will cover most damages to your WI 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 Wisconsin Condo Insurance?
Cover personal property within the condo.
Buying Wisconsin Condo Insurance
Master Policy - Living in Wisconsin 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 Wisconsin
Due to the housing crisis, mortgage companies are requiring HO6 insurance policies for any new condo purchases in the state of Wisconsin.
Where is HO6 Condo Insurance in Wisconsin?
The state of Wisconsin now requires condo insurance everywhere you live:
- Milwaukee, WI
- Madison, WI
- Green Bay, WI
- Racine, WI
- Appleton, WI
- Kenosha, WI
- Waukesha, WI
- Fitchburg, WI
- Janesville, WI
- Oshkosh, WI
- Glendale, WI
- Grand Chute, WI
- Greenfield, WI
- Wauwatosa, WI
- Brookfield, WI
- Eau Claire, WI
- Ellsworth, WI
- Fond du Lac, WI
- La Crosse, WI
- Marshfield, WI
- Monona, WI
- Sheboygan, WI
- Sun Prairie, WI
- Wausau, WI
- West Allis, WI