Interior and improvements
Helps repair or replace interior finishes you own or have upgraded, such as flooring, cabinets, countertops, fixtures and paint, after a covered loss.
What it covers
What condo coverage can include
A condo owner policy (often called an HO-6) is built around the part of the building the association's policy usually does not cover. The exact line between the two depends on your association's documents. Coverage options vary by policy and carrier.
Personal property
Helps pay to repair or replace furniture, clothing, electronics and other belongings after a covered loss like fire, theft or certain water damage. Limits on jewelry, cash and collectibles are common.
Personal liability
Helps if you are legally responsible for injuring someone or damaging their property, for example a guest who falls in your unit or a leak that damages the unit below.
Loss assessment
If the association charges owners a share of a covered loss or a liability claim, this coverage may help with your portion. Limits and what triggers it vary.
Loss of use
If a covered loss makes your condo unlivable, this can help with extra living costs such as a hotel and meals while repairs are made.
Water and sewer backup
Often an optional add-on. Worth a conversation if you live on a lower level or have a finished space below grade.
Who needs it
Who needs condo insurance
If any of these sound like you, it is worth a quick conversation. We serve Kentucky, Ohio and Indiana.
First-time condo buyers
Lenders usually require proof of insurance at closing. We can line up your policy before the closing date.
Owners in an association
Your declarations page, bylaws and the master policy all affect what you need. We will help you read them.
Owners who renovated
If you upgraded the kitchen, bathrooms or floors, those improvements may need more coverage than a default setting provides.
Owners who rent the unit out
A condo you do not live in is generally a landlord situation, not an owner-occupied one. See our landlord page.
Local agency
Condo coverage in Florence, Boone County and Northern Kentucky
Condos and townhome-style communities are part of the housing mix across Florence, Boone County and the rest of Northern Kentucky, from Florence and Union to Covington, Newport and Fort Thomas near the Ohio River. Every association writes its own rules, so two neighbors in different buildings can need different policies.
Turner Insurance Group is based at 7000 Houston Rd, Ste 12 in Florence and writes policies in Kentucky, Ohio and Indiana. If you are buying or owning a condo across the river in the Cincinnati area or in Indiana, we can help there too.
Be prepared
Questions to bring to your association
What does the master policy cover?
Ask whether it covers the building only, or also fixtures and finishes inside the unit. Then ask for a copy.
What is the master policy deductible?
Some associations pass a share of the deductible to owners. Loss assessment coverage is meant for situations like this.
What does the lender require?
Mortgage lenders often set minimum requirements. Tell us your lender and we will confirm what is needed.
Is there flood exposure?
Standard condo policies typically exclude flood. Flood for contents can be bought separately. See our flood page.
FAQ
Common questions
What is the difference between a condo policy and a homeowners policy?
A homeowners policy insures an entire house and the land it sits on. A condo policy is written for the inside of your unit, your belongings and your liability, because the association's master policy usually handles the building structure. Your association's documents decide where the line falls.
Does my association's insurance cover my belongings?
Usually not. The master policy is generally written to protect the building and common areas. Your furniture, clothing, electronics and personal liability typically need your own policy.
What is loss assessment coverage?
If the association has a loss or a liability claim that exceeds its insurance, it may bill owners for a share. Loss assessment coverage on your policy may help pay that share, subject to the limits and terms of your policy.
Do I need condo insurance if I have a mortgage?
Most lenders require it. Even without a lender, it is worth having because the association's policy is not designed to protect you personally.
Can I get condo insurance in Ohio or Indiana?
Yes. We write policies in Kentucky, Ohio and Indiana, so we can help whether your condo is in Northern Kentucky, the Cincinnati area or Indiana. Coverage options vary by policy and carrier.
Keep reading
Related coverage & guides
Homeowners insurance · Renters insurance · Flood insurance · Umbrella insurance · Landlord & rental property · All coverage
Areas we serve: Florence · Burlington · Hebron · Union · Erlanger · Independence · Covington · Newport · Fort Thomas · Walton · Lexington
Ready for a condo quote?
Request a quote online, or call or text our Florence office at 7000 Houston Rd, Ste 12. We serve Kentucky, Ohio and Indiana.