{"id":38234,"date":"2023-08-02T08:46:56","date_gmt":"2023-08-02T12:46:56","guid":{"rendered":"https:\/\/www.plymouthrock.com\/?p=38234"},"modified":"2025-02-04T15:18:27","modified_gmt":"2025-02-04T20:18:27","slug":"what-does-condo-insurance-not-cover","status":"publish","type":"resources","link":"https:\/\/www.plymouthrock.com\/resources\/what-does-condo-insurance-not-cover","title":{"rendered":"What does condo insurance not cover"},"content":{"rendered":"\n

When protecting your condominium, a smart question to ask is, \u201cWhat does condo insurance not cover?\u201d Once you understand that, you can more easily fill in any gaps in your coverage. For example, you may decide to add flood insurance or cyber coverage.<\/p>\n\n\n\n

What is condo insurance<\/h2>\n\n\n\n

To start, let\u2019s review all those things that your condo insurance does cover. Similar to homeowners insurance, condo insurance protects the interior of your unit as well as your personal property. It also offers liability coverage in case someone is injured and you\u2019re responsible.<\/p>\n\n\n\n

While condo insurance is not required by law, mortgage lenders usually require proof that you have a certain amount of condo insurance before issuing a loan.<\/p>\n\n\n\n

Here are the main areas of coverage you\u2019ll get with a condo policy, which is also known as an HO6 policy:<\/p>\n\n\n\n

\n
\n
<\/div>

Personal Property Coverage<\/p>\n<\/div>\n\n\n\n

\n
<\/div>

Cabinets and Fixtures<\/p>\n<\/div>\n\n\n\n

\n
<\/div>

Liability and Medical Coverage<\/p>\n<\/div>\n\n\n\n

\n
<\/div>

Emergency Living Expenses<\/p>\n<\/div>\n<\/div>\n\n\n\n

Personal property coverage<\/strong><\/h3>\n\n\n\n

Condo insurance pays to repair or replace your personal belongings if they get damaged or stolen. Examples of items covered by condo insurance include computers, bicycles, clothing and furniture.<\/p>\n\n\n\n

Your items don\u2019t have to be inside your unit to be covered by condo insurance. They can be away from your home too. Here are some examples:<\/p>\n\n\n\n

\n
\n
From a Hotel Room<\/strong><\/td><\/tr>\n\n
If you\u2019re on vacation and someone steals your laptop from your hotel room, your condo insurance can cover you.<\/td><\/tr>\n<\/table>\n<\/div>\n\n\n\n
\n
From Your Car<\/strong><\/strong><\/td><\/tr>\n\n
If your camera gets stolen from your car in a parking lot, your condo policy would kick in\u2014not your auto policy.<\/td><\/tr>\n<\/table>\n<\/div>\n\n\n\n
\n
From a Storage Unit<\/strong><\/td><\/tr>\n\n
If a personal item gets stolen or damaged from a storage unit, your condo policy can cover the loss.<\/td><\/tr>\n<\/table>\n<\/div>\n<\/div>\n\n\n\n

Cabinets and fixtures<\/strong><\/h3>\n\n\n\n

Typically, your condo association\u2019s master policy extends right up to the walls of your unit. From that point on, your condo insurance takes over. It protects what is inside the walls plus anything attached to the walls, such as your cabinets, appliances and flooring.<\/p>\n\n\n\n

For example, let\u2019s say a pipe bursts and damages the kitchen cabinets. In that case, your condo insurance will provide coverage up to the value of the cabinets, as they are attached to the inside wall.<\/p>\n\n\n\n

Liability and medical coverage<\/strong><\/h3>\n\n\n\n

In addition to protecting your belongings, condo insurance can also cover you if someone gets hurt and you\u2019re responsible. For example, if a guest at your condo accidentally trips and falls, and then files a lawsuit against you, condo insurance can help pay for your guest\u2019s medical expenses, as well as your defense and court costs.<\/p>\n\n\n\n

Furthermore, liability is not tied to the condo, so the incident could happen anywhere at all. Let\u2019s say your dog knocks someone down at a park and injures them. If you were sued and found liable, your condo insurance could pay up to the liability limit amount on the policy.<\/p>\n\n\n\n

Emergency living expenses<\/strong><\/h3>\n\n\n\n

If you\u2019re temporarily forced out of your condo due to a fire or some other covered event, condo insurance will help with emergency living expenses. That means it would help pay for your hotel, meals and other related expenses.<\/p>\n\n\n\n

What\u2019s not covered<\/h2>\n\n\n\n

If you have condo insurance, you\u2019re not responsible for anything outside the walls of your unit; the condo association\u2019s master policy will cover that. That\u2019s why, generally speaking, individual condo insurance policies are less expensive than home insurance policies.<\/p>\n\n\n\n

Damage covered by condo association<\/strong><\/h3>\n\n\n\n

Here are some things you don\u2019t have to worry about, as they\u2019re typically covered by your condo association\u2019s master insurance policy:<\/p>\n\n\n\n