Condo Insurance 101: What Every Condo Owner Should Know

Buying a condo is a major milestone—but protecting it is just as important. Unlike traditional homeowners insurance, condo insurance is designed for the unique setup of condo living. And here’s the truth: there’s no one-size-fits-all answer. The first step is always to review your condo association’s master policy so you know where their responsibility ends and yours begins. From there, you can build a plan that fits your needs.

What Does Condo Insurance Actually Cover?

While your HOA typically takes care of shared spaces like hallways, elevators, and roofs, you could be responsible for everything inside your unit—walls, fixtures, personal belongings, and even liability if someone is injured in your home.

A well-structured condo insurance policy often includes:

  • Real Property Coverage – Protects structural elements such as flooring, countertops, cabinets, and light fixtures. This usually falls under building additions and alterations.

  • Personal Property – Covers your belongings, from furniture and electronics to valuables.

  • Liability Protection – Provides coverage if someone gets hurt while visiting your condo.

  • Loss of Use – Pays for temporary lodging if a fire or other covered event makes your condo unlivable.

  • Loss Assessments – Steps in if your HOA issues an assessment for a major loss that exceeds the association’s master policy.

Depending on your circumstances, you may also need additional coverage—for jewelry, collectibles, fine art, or extended water protection such as sewer and drain backup or flood insurance.

Why It Matters

Condo insurance isn’t just about checking a box—it’s about protecting your home, your lifestyle, and your peace of mind. Without the right coverage, you could be left with costly gaps between what your HOA covers and what you actually need.

How Haughn Insurance Can Help

At Haughn Insurance, we know condo insurance inside and out—and we know that no two condo owners are alike. Our team takes the time to:

  • Review your association’s master policy line by line

  • Identify coverage gaps that could leave you exposed

  • Customize your policy to fit your home, your belongings, and your lifestyle

  • Explore cost-effective options, like bundling condo and auto insurance

  • Reevaluate your policy as your needs evolve

We believe in proactive protection—because your condo is more than walls and floors, it’s where life happens. With our local expertise and client-first approach, you’ll have confidence knowing your coverage is built around you.

Bottom line: Condo insurance is your safety net for the unexpected. With Haughn Insurance by your side, you can protect what matters most and focus on enjoying your home.