Condo Insurance

Condo insurance, also known as condominium insurance or HO6 insurance, is a type of insurance coverage designed specifically for condominium owners in North Carolina. Condo insurance provides protection for both the structure of the individual condo unit and the personal belongings of the unit owner. While the condominium association typically carries a master policy that covers the building's common areas and exterior, it is important for individual condo owners to have their own insurance to protect their personal property and any improvements made within their unit.

In North Carolina, condo insurance typically includes coverage for personal property, liability, and loss of use. Personal property coverage helps to replace or repair personal belongings that are damaged or stolen due to covered perils such as fire, theft, or vandalism. Liability coverage provides financial protection in case a visitor is injured within the condo unit and the owner is found legally responsible. Loss of use coverage helps with additional living expenses if the condo becomes temporarily uninhabitable due to a covered event, such as a fire or water damage, and the owner needs to live elsewhere during repairs. we carefully review your insurance policy with you so you understand the specific coverage limits, exclusions, and deductibles in order to ensure you have adequate protection for your individual needs.

What's Typically Covered by Condo Insurance?

• Personal belongings - including furniture, appliances, electronics, clothing, and other personal items.
• Interior structures - including walls, ceilings, floors, and fixtures within your unit, such as cabinets and countertops.
• Upgrades or improvements - if you have made any upgrades or improvements to your unit, such as installing new flooring or adding custom cabinetry, you may need additional coverage beyond the standard policy.
• Loss of use - if your unit becomes uninhabitable due to a covered loss, your policy may cover additional living expenses, such as hotel costs or temporary housing.
• Liability - protects you in case someone is injured on your property or if you cause damage to someone else's property.
• Medical payments - covers medical expenses for injuries that occur on your property.
• Loss assessment - covers the costs of special assessments levied by the condo association for damages or losses that exceed the master policy coverage.
• Personal liability - provides protection in case you are sued for libel or slander, or if you accidentally injure someone.