Do condo fees cover home insurance?

The condo fee for the unit I want to buy is almost $500. Is home insurance included in that cost?

Answer
Your monthly condo fee usually covers common services and amenities, not insurance for your unit.
These are things like:
  • landscaping
  • operating expenses for common areas
  • sometimes insurance that goes towards the roof and other structures on the premises
It will not cover insurance for your unit specifically.
You need to purchase your own HO-6 condominium policy. This will provide you with coverage for your dwelling, including:
  • permanent fixtures inside your unit
  • personal property
  • liability should anyone get hurt
You’ll need to shop around to find the best rates for your condo insurance. Try using the free Jerry app so you don’t have to do all the hard work yourself. Simply take a minute to enter your information and let Jerry do the rest, including completing paperwork and canceling your old policy—saving you time and money.
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Shannon Martin
Answered on Jul 27, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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