Condo Insurance

Condo Insurance (often called an HO-6 policy) is specifically designed to fill the gap between your Homeowners Association (HOA) Master Policy and your personal financial risk. Unlike renting, where you only insure your stuff, or owning a house, where you insure the whole structure, condo ownership occupies a unique middle ground. This policy typically covers everything from the “drywall in”—including your floors, cabinetry, fixtures, and personal belongings—along with personal liability protection within your unit.

The “Risk Reality”: The Master Policy Gap

The most common and costly mistake condo owners make is assuming the HOA insurance covers their unit interior. In reality, most Master Policies are “Bare Walls” policies, covering only the building’s exterior shell and common areas. If a pipe bursts in your kitchen, the HOA might fix the pipe, but they likely won’t replace your ruined hardwood floors or water-damaged cabinets. According to the Insurance Information Institute, understanding whether your association has an “all-in” or “bare walls” policy is critical, as failing to insure the interior fixtures can leave you responsible for tens of thousands of dollars in renovation costs after a claim.

Condo Insurance Coverage

We customize your policy to mesh perfectly with your specific HOA bylaws, ensuring no double-coverage and no gaps.

Condo Insurance Cost

“How much does condo insurance cost?” It is generally significantly cheaper than homeowners insurance because you are not insuring the entire building structure.

• Premium Estimates: Industry market data indicates that the average cost for condo insurance ranges from $400 to $600 annually, though this varies based on the amount of “walls-in” dwelling coverage you need.
• Deductible Strategy: Raising your deductible can lower your premium, but ensure you have enough savings to cover it in case of a claim.
• Protective Device Discounts: Many buildings have central fire alarms, sprinklers, and gated security, which can unlock substantial discounts on your unit policy.

The “Independent Difference”: Why Dream Assurance?

Condo bylaws are complex documents. “Independent Means Multiple Choices.” We review your association’s requirements to ensure you aren’t over-insuring (paying for what the HOA covers) or under-insuring (leaving gaps).

• Bylaw Review: We help you determine if your building is “All-In” or “Bare Walls” so we can adjust your Dwelling limit accurately.
• Loss Assessment Experts: We know that a surprise $10,000 assessment from your HOA can be devastating, so we prioritize finding carriers with high limits for this specific risk.
• Claims Advocacy: Water damage disputes between unit owners and the HOA are common. Our team helps navigate the finger-pointing to ensure your claim gets paid.
  

 
Experience the confidence shared by the professionals we protect, and let us turn these options into a clear, comprehensive protection plan for you.

Dream Assurance

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Samuel Gonzalez

16:24 15 Dec 25

Michell is great 100%recomended

Marques Sanders

20:19 08 Dec 25

Very nice representatives and excellent service 👌

Red Lightning

04:58 22 Nov 25

Andre helped me get a great insurance for my new vehicle.

Kyle Bragg

18:22 19 Nov 25

Mr. Andre was a massive help beginning to end! He helped us get a great deal on our insurance, and explained everything thoroughly. It isn’t every day you get an insurance agent that you feel actually know what’s they’re talking about AND has your best interest in mind, but he definitely cares about his clients! Thanks Andre, and thanks Dream Assurance!

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