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 provided by
Shannon Martin
Answered on Mar 03, 2021
Your monthly condo fee usually covers “common services and amenities.” These are things like landscaping, operating expenses for common areas, and possibly insurance that goes towards the roof and other structures on the premises. It will not, however, cover insurance for your unit specifically. For a condo, you need to purchase your own HO-6 condominium policy. This will provide you with coverage for your dwelling — from the studs of the walls on inwards — permanent fixtures, personal property, and liability.
For more information about this topic, check out this article: Why You Need Condo Insurance Even with a Condominium Association Policy.

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies