what does condo insurance cover?

Because most condo owners share insurance duties with their HOA, it can be tough to know what your individual policy covers. Let's venture inside a condo and break down your condo insurance responsibilities piece by piece.

Having condo insurance can help offer peace of mind

how condo insurance works

Condos are the conundrum of the housing world — they're more than apartments but they're different from houses. That means that condo insurance works a little differently than other types of insurance, too, and is usually coupled with a homeowners association's (HOA) master policy.

It's important to know the differences between the two coverages and how each protects you. Condo residents typically own their individual units outright, but have shared ownership (along with your fellow condo dwellers) of the condo building/community and its common areas. This is what causes condo insurance to differ from, say, traditional homeowners insurance: because your ownership of many condo elements is shared with your neighbors, your insurance responsibilities can get divvied up too.

So what's up to you to insure on your own and what's covered collectively under your HOA insurance? Let's find out.

condo insurance coverage: your unit

What your condo insurance usually covers

Because you're usually responsible for safeguarding your valuables and liability, a personal condo insurance policy through Esurance can give you the financial protection and peace of mind you need. Here is a wide array of condo coverage options that step in where your HOA insurance doesn't:

Personal belongings

Interior structure



Loss assessment

Identity theft

Scheduled property

Loss of use

What your HOA insurance usually covers

Exterior structure

condo insurance coverage: main building/community

What your condo insurance usually covers

Severe damage your HOA insurance can't cover
In rare cases, a covered loss to the building or common area can surpass the HOA insurance limits. If this happens, condo owners might have to make up the difference.

Adding loss assessment coverage to your condo insurance policy can be a real lifesaver. Loss assessment coverage helps pay your portion of the repairs, keeping unexpected disasters from affecting your savings.

What your HOA insurance usually covers


Common areas

Shared amenities

Exterior structure

risks covered by condo insurance

Condo insurance can protect your unit and belongings against tons of covered risks, often including:

  • Fire or lightning
  • Windstorm or hail
  • Explosion
  • Riot or civil commotion
  • Aircraft
  • Impact from vehicles
  • Smoke
  • Vandalism
  • Theft
  • Falling objects
  • Weight of ice, snow, or sleet
  • Collapse of a building or any part of a building


Wonder if you could be saving on condo insurance?

Get your free quote online.

Or call 1-866-439-5633.