What is Condo Insurance? - Insurance Navy. Condo Insurance, HO-6, or condominium insurance, is a type of personal property coverage specifically designed for condominium owners. It provides coverage for the interior of the condo unit, personal property, liability, and additional living expenses in the event of a covered loss. The interior coverage includes the walls, floors, ceilings, and any installations or improvements made within the unit. This is crucial because the condo associations’ master policy typically only covers the exterior of the building and common areas (such as swimming pools or tennis courts). Personal property coverage protects the owner’s belongings inside the condo, such as furniture, appliances, clothing, and electronics, against covered perils like fire, theft, vandalism, or water damage.
Liability coverage protects if someone has suffered a bodily injury within the condo unit or if the policyholder unintentionally causes damage to another person’s property.