ANSWER
A condo owner usually needs an HO-6 policy, not a standard homeowners policy, because the HOA’s master policy covers the building and common areas while your policy fills the gap for what’s inside your unit and your belongings.
YOUR NEXT DECISION
Turn the answer into your next step
- Get the HOA master policy or declaration summary.
- Buy an HO-6 policy sized to the unit’s coverage gap.
- Add separate flood coverage if needed.
- Review personal property and liability limits before closing.
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Review coverage with GuyWhat policy to get
For a condo near Stephen F. Austin State University, the right fit is usually an HO-6 condo policy. Texas condo guidance says the HOA master policy covers the building and common elements, while your unit policy covers what the association does not.
- Ask the HOA which kind of master policy it has, because that changes how much dwelling coverage you need.
- Use the condo’s declarations or bylaws to see whether the association covers original fixtures or stops at unfinished interior surfaces.
- If the unit is damaged by a flood or earthquake, standard homeowner’s insurance does not cover that loss unless you add separate coverage.
What your policy should cover
Texas home policies commonly include dwelling coverage, personal property coverage and liability coverage, but a condo owner’s HO-6 is designed around the unit’s gap, not the whole building. A CFPB source also notes that standard homeowners insurance does not cover flood or earthquake damage.
- Dwelling coverage should match the part of the unit you are responsible for under the master policy.
- Personal property coverage protects your belongings inside the condo.
- Liability coverage helps if someone is injured and you are found responsible.
What to verify before you buy
Read the HOA’s master policy description before you choose limits. That single document determines whether your exposure is mostly cabinets, flooring and fixtures, or mostly upgrades and belongings.
- Confirm whether the master policy is bare walls, walls-in, or all-in.
- Ask whether your lender requires specific coverage limits.
- Check whether you want separate flood coverage, since it is not part of standard homeowners insurance.
Sources
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