ANSWER
For a condo, you usually need an HO-6 condo policy for the interior, personal property, liability, and additional living expenses. The condo association’s master policy may cover the building exterior, so check the HOA documents before you buy.
YOUR NEXT DECISION
Turn the answer into your next step
- Get the HOA master policy and CC&Rs.
- Buy an HO-6 policy for the unit interior, belongings, liability, and living expenses if needed.
- Ask about separate flood insurance.
- Check lender requirements before closing.
- Compare quotes from more than one insurer.
HELP WITH YOUR NEXT STEP
Choosing coverage for a specific home?
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Texas law does not require homeowners insurance, but a lender can require it if you still owe money on the home. For a condo, the usual fit is an HO-6 condo policy for your unit’s interior and belongings, plus liability and additional living expenses; the HOA master policy may cover the exterior and common areas.
- TDI says home insurance is not legally required in Texas, but lenders can require coverage.
- PNC says condo owners typically need an HO-6 policy because the HOA carries the master policy for the structure.
- Check whether the HOA master policy covers only the exterior or also more of the building before you buy.
Coverage you may need to add
Most home policies do not cover flood damage, so flood insurance is a separate question. TDI also notes that the Texas FAIR Plan can offer limited coverage if you cannot get insurance through regular companies, and it says flood policies often have a 30-day waiting period.
- Ask whether the condo is in a flood zone or flood hazard area before closing.
- Do not wait for a storm to buy flood coverage because TDI says many flood policies take 30 days to start.
- If standard insurers turn you down, TDI says the Texas FAIR Plan may be a backup with limited coverage.
What to verify before you bind coverage
Review the condo association’s insurance documents, the unit’s replacement cost, and any lender requirements so your policy matches the building’s coverage split. TDI says insurers can consider location risk, age, condition, replacement cost, materials, and local fire protection when setting premium.
- Ask the HOA for the master policy and the CC&Rs before you choose coverage.
- Confirm whether the lender requires any specific minimum coverage amount.
- Compare quotes because different companies can charge different rates for the same condo.
Sources
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