What Does Condo Insurance Cover and What It Doesn’t

Your condo association’s master policy may cover the building and shared spaces, but it typically won’t extend to your unit’s interior or personal belongings. Condo insurance can fill that gap. At Jarrard Insurance Inc, we can help Mississippi residents understand their options.

What Condo Insurance Typically Covers

Condo insurance, also known as an HO-6 policy, can provide coverage beyond your association’s master policy. It may include:

• Personal property coverage can cover furniture, electronics, clothing and more against events like fire, theft or weather damage.
• Interior structure coverage may include your unit’s walls, floors, ceilings and built-in fixtures.
• Liability coverage can cover legal fees and medical costs if someone is injured in your unit or if you damage another person’s property.
• Loss of use coverage may cover temporary living expenses if a covered event makes your condo uninhabitable.

What Condo Insurance Usually Doesn’t Cover

While standard condo insurance policies can cover many common risks, they may not include certain losses, such as:

• Flood and earthquake damage: Standard condo insurance typically does not cover damage caused by these perils.
• Wear and tear: Damage from normal aging or lack of maintenance may not be covered.
• High-value items: Jewelry, art and collectibles may only be partially covered unless a rider or endorsement is added.

Get Started Today

Jarrard Insurance Inc is here to help you assess your situation. Whether you’re reviewing your existing coverage or shopping for a policy for the first time, we can help you find insurance solutions that fit your needs. Contact us to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.