Condo Insurance

Protection From the Walls Within

Why Condo Owners Need Their Own Coverage

With a condominium, you can enjoy the convenience of apartment living along with the tax benefits of owning a home.

 

Though your Association may provide protection for the building itself and the property in areas of the building that you share with neighbors, you are responsible for your personal belongings and part of the interior structure. 


Condo insurance (HO-6) protects everything inside your four walls: from floors and fixtures to your belongings and personal liability. Gateway Insurance can review your HOA's requirements to help protect your belongings.

Coverages Designed for Condo Owners

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Dwelling (Interior) Coverage

Coverage to rebuild or repair the inside of your unit the walls, floors, cabinets, and fixtures-if they're damaged by fire, smoke, water, or other covered losses. Coverage limits are tailored to your personal property and what your HOA bylaws say you're responsible for.

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Personal Property

Covers your furniture, clothes, electronics, and all belongings for common risks like theft, fire, or water damage.

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Loss Assessment Coverage

If your association levies a special assessment for a major claim (like storm or fire damage to shared areas), this coverage helps pay your share-even if the HOA's policy falls short.

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Liability Protection

Coverage to protect you if someone is injured inside your unit or if there is damage to other units or common areas due to an accident from inside your condo (like a water leak).

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Additional Living Expenses

Coverage for extra costs if you can't live in your condo during repairs.

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Building Ordinance & Code Upgrades

Covers extra costs to bring your interior up to code after a covered loss, if needed.

HOA & Lender Insurance Requirements

Many condo associations require owners to carry specific coverage-often with liability or loss assessment limits. We can help you with the HOA rules, so you stay compliant and protected.

How Condo Insurance Makes a Difference

If a fire starts in your kitchen, your condo policy will help pay to rebuild your interior (drywall, flooring, fixtures), there would be coverage for your damaged belongings, and help pay for special assessments if the HOA's policy isn't enough to fix shared areas. Without condo insurance, you'd pay for all that yourself.

Customize Your Coverage for Complete Protection

Betterments & Improvements

Limited coverage is included, with the option to increase this coverage by endorsement.

Water/Sewer Backup

Optional coverage for water damage from plumbing or drain backups-ask if your building has a risk.

Renting Out Your Unit

Occasional rentals may need special coverage-let us know your situation.

Condo Insurance-Your Questions Answered

  • What does condo insurance cover vs HOA insurance?

    The HOA's policy covers the exterior and common areas; your condo policy covers everything inside your unit, your belongings, and your liability.

  • Condo insurance is a HO-6 policy-what does that mean?

    HO-6 is the standard policy form for condo owners, covering interiors, contents, liability, and more.

  • How is condo insurance different from homeowners insurance?

    Condo insurance covers just the inside of your unit and your belongings, while homeowners covers the whole structure and land.

  • What's loss assessment coverage?

    Coverage for your share of the covered expenses  when the HOA issues a special assessment for major claims when the HOA’s policy isn’t sufficient, (like roof damage or liability lawsuits).

  • Can I insure my condo upgrades and improvements?

    Yes-let us know what you've added, and we can add this to your policy

Protect Your Condo

Inside and Out

Don't let gaps in coverage or HOA confusion put your investment at risk. Get a condo insurance quote from Gateway-our local team can help make your policy fit your unit, your upgrades, and your HOA's requirements.