ANSWER
For a condo, you’re usually looking for HO-6 insurance, not a standard homeowners policy. What you need depends on what the condo association’s master policy covers, so the first step is to check that policy and your bylaws.
YOUR NEXT DECISION
Turn the answer into your next step
- Get the HOA master policy and bylaws.
- Identify what parts of the condo the association insures.
- Buy an HO-6 policy that fills the gaps in that coverage.
- Add separate flood coverage if the unit needs it.
HELP WITH YOUR NEXT STEP
Choosing coverage for a specific home?
Guy can review the occupancy, property details and coverage options for your situation.
Review coverage with GuyStart with the condo association’s master policy
Texas condo coverage depends on whether the HOA master policy covers just the exterior or more of the building. If the master policy covers the exterior, you can buy a policy for the interior only; if it does not, you can buy coverage for both the interior and exterior.
- Ask the board or manager for the declaration and bylaws, plus the master policy declarations page.
- Find out whether the policy is bare walls, single entity, or all-in.
- Check the master policy deductible and any special water or wind deductibles.
What the condo policy should cover
An HO-6 policy is designed for the inside of the unit and for your personal protection. It typically covers your personal property, liability, and additional living expenses, while the association’s master policy covers shared parts of the building.
- Use HO-6 for the interior unit and your belongings.
- Do not assume the HO-6 covers the roof, exterior walls, or common areas.
- Flood is excluded from condo insurance and must be handled separately if needed.
How to confirm the right amount
The safest way to set limits is to match the cost to rebuild the interior of your unit after you know what the association insures. Texas policy details vary by carrier and form, so read the actual policy language before you buy.
- Confirm what windows, doors, decks, and limited common elements are treated as.
- Ask whether the association has a water-damage responsibility policy.
- Shop around through Texas insurance comparison resources if you want to compare rates and coverage.
Sources
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