How does homeowners insurance work if you have an HOA?

I have a condo that's also part of an HOA. How does homeowners insurance work if I already have an HOA policy that covers the exterior of the building?

“You’ll still need to get condo insurance or a Unit-Owners HO-6 policy to protect your condo and personal property. The HOA policy will continue to cover the exterior of the building as you’re technically paying for it through your HOA fees.
Your HO-6 policy will cover the 16 named perils along with your personal property anywhere in the world. Some of the perils covered are:
  • Fire
  • Theft
  • Vandalism
  • Windstorm
  • Hail
To get the best rate for a homeowners policy, you might want to bundle it with your car insurance if possible.
If you want help finding the best deals in the least amount of time, try using the free Jerry app. Jerry compares rates from the top providers and delivers the best deals to your phone in minutes. They’ll even help you fill out all of the paperwork.”
Eric Schad
Answered on Aug 17, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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