Homeowners Insurance vs. Condo Insurance
What’s the Difference, and Why Does It Matter?
When you own a home—whether it’s a stand-alone house or a condo—protecting it with the right insurance is essential. But not all home insurance policies are created equal. If you’ve been shopping around and come across something called an “HO-6 policy,” you might be wondering: What is that—and do I need it?
What is Regular Homeowners Insurance?
Standard homeowners insurance—often called an HO-3 policy—is designed for people who own a traditional single-family home. This type of policy typically covers:
- The structure of your home (walls, roof, garage, etc.)
- Personal belongings inside the home
- Liability protection in case someone is injured on your property
- Additional living expenses if your home is damaged and you need to live elsewhere temporarily
You’re responsible for insuring the entire property, from the foundation to the shingles, and everything in between.
What is Condo Insurance (HO-6)?
Condo insurance, or an HO-6 policy, is made for people who own a condominium unit. It works a little differently because you don’t actually own the entire building—just your individual unit and maybe part of the interior structure.
With condo insurance, you typically need coverage for:
- The interior of your unit (walls, flooring, cabinetry—sometimes called “from the studs in”)
- Personal belongings like furniture, clothing, electronics
- Liability protection for accidents inside your condo
- Loss of use coverage if you’re unable to live in your unit temporarily
- Improvements or upgrades you’ve made inside the unit
Why the Difference Matters
Here’s where things get a little tricky: your condo building has a master insurance policy, which is paid for by your condo association. That policy usually covers the building’s exterior, common areas, and sometimes part of your unit’s structure.
But the master policy won’t cover:
- Your personal stuff
- Any upgrades you’ve made (like custom countertops or hardwood floors)
- Damage inside your unit not covered under the building’s policy
That’s where your HO-6 condo policy steps in—to fill those gaps and make sure you’re fully protected.
Still Not Sure What You Need? That’s What We’re Here For
At Boufford Insurance, we take the time to walk you through your options, explain what’s covered (and what’s not), and help you choose the policy that fits your unique situation—whether you’re a first-time condo buyer or a long-time homeowner.
Have questions? Want to make sure your coverage fits your living space? Let’s talk. We’re always happy to help you get the peace of mind you deserve.
