What it may cover
- Interior finishes like flooring, cabinets, and fixtures
- Personal belongings inside the unit
- Liability for injuries that occur inside your unit
- Loss assessment coverage if the HOA bills owners for a shared loss
- Loss of use if the unit becomes uninhabitable
- Water damage from a pipe, appliance, or AC unit failure inside the unit
- Optional scheduled coverage for jewelry, art, or other high-value belongings
Who it's for
- Condo owners required by their HOA to carry HO-6 coverage
- Buyers closing on a condo purchase
- Owners who've upgraded interior finishes beyond the building standard
- Investors who rent out a unit in Miami's active condo rental market
- Seasonal residents who only occupy the unit part of the year
Why it matters
Master policies vary widely in what they cover, from bare walls to full interior. Without your own HO-6 policy, you could be responsible for the full cost of interior damage or a liability claim. Since the statewide push for milestone structural inspections on older condo buildings, many associations have also adjusted reserve funding and master policy terms, which makes it worth reviewing your HO-6 coverage at every renewal rather than assuming it still matches the building's policy.
Common coverage options
Walls-in coverage
Insures everything from the unfinished walls inward, common when the master policy is bare-walls.
Loss assessment coverage
Pays your share if the HOA assesses owners for damage to common areas.
Loss of use coverage
Pays additional living expenses, like temporary rent, if your unit is uninhabitable after a covered loss.
What affects the price
- 01What the HOA master policy already covers
- 02Value of interior upgrades and belongings
- 03Building age and construction
- 04Liability limit selected
- 05Whether the unit is owner-occupied, a long-term rental, or a seasonal residence
Questions to ask before buying
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Frequently asked questions
Coverage details depend on the carrier, selected policy, applicable state laws, underwriting criteria, and specific exclusions. This content is for informational purposes only and does not constitute legal or financial advice.
