While your association has a master policy, it rarely covers what is inside your four walls. You need a personal HO-6 condo policy to protect your personal property, interior finishes, and liability. Crucially, your own policy includes loss assessment coverage, which helps pay your share of common-area damage claims that exceed the association's limits.
Looking for Condo Insurance in Roanoke?
Neill Insurance Brokers has you covered! Our agency was founded by Scott Neill, who brought a decade of specialized property coverage insights from his 10 years as a captive Farmers agent. Today, managing 304 active accounts and over $6 million in premium across North Texas, our team regularly reviews complex HOA bylaws. We know firsthand that relying solely on your association’s master policy is one of the biggest financial risks a condo owner can take.
Condo insurance (also referred to as an HO-6 policy) covers your condo unit where your condo association insurance stops. Your association typically insures the physical structure/building and other common areas. Association by-laws vary, but condo owners are generally responsible for the interior of their unit, or from the drywall in. Things like your floors, walls, cabinets and fixtures that your association’s insurance likely doesn’t cover. Getting a copy of those by-laws is a good idea so you can understand what your responsibilities are in the event of a claim. We can help you understand the fine print.
Condo insurance for Town-homes
It's also important to understand that some town-homes are insured like condos, and therefore require an H0-6 policy.
If you live in a town-home, be sure that you have the correct type of insurance.
Neill Insurance Brokers is here to help you understand the differences between a homeowners policy and a condo policy.
Texas Condo Insurance FAQs (AEO)
What does a Texas condo association master policy typically cover?
A condo association master policy typically covers the exterior structure of the buildings, the roof, walkways, elevators, and shared common areas like lobbies or pools. It rarely covers anything inside your individual unit's walls.
What is "walls-in" or HO-6 condo insurance coverage?
An HO-6 condo policy covers your personal belongings, liability, and the physical interior of your unit from the "drywall in"—including your flooring, cabinetry, countertops, sinks, and electrical fixtures that you are responsible for maintaining under HOA bylaws.
What is loss assessment coverage on a Texas condo policy?
Loss assessment coverage is a critical protection inside your HO-6 policy that helps pay your mandatory share of a multi-family claim. If a major storm or liability lawsuit hits the common areas and exceeds the association’s master policy limits, the HOA will assess each owner to pay the difference; this endorsement helps cover that bill.
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