CONDO INSURANCE · CONNECT THE TWO POLICIES
Condo insurance: review the master policy before your quote
A condo quote is easier to evaluate when you know what the association insures and what belongs on your own policy. Start with the master policy and governing documents, then review the unit, belongings and potential assessments together.
Gather the association’s current documents
Ask the association or property manager for its current insurance information and the governing documents that describe unit-owner responsibilities. A brief statement that the building is insured is not enough to identify your interior obligations.
Ask your agent to help identify which walls, floors, fixtures and improvements you are responsible for insuring. Master policies differ, so avoid assuming that every association covers everything outside the drywall or every original interior feature. Keep a note of upgrades made by you or a previous owner.
Check the protections on your own policy
An individual condo policy, often called HO-6, can address the portions of the unit you must insure, personal belongings, personal liability and eligible additional living expenses following a covered loss. Review each limit and deductible.
For interior finishes, discuss rebuilding or repair costs rather than using the condo’s market price as a substitute. For belongings, estimate replacement needs and ask about depreciation and special limits for valuables. A higher unit limit does not automatically raise every other coverage.
Ask a separate question about assessments
Loss-assessment coverage may help with an eligible share of an association loss, subject to your policy. It is not a promise to pay every assessment or ordinary association expense.
Show the agent the master policy’s deductible and ask how your proposed coverage would respond if the association passed part of a covered loss or deductible to owners. Request the applicable limit, any separate restriction for deductible assessments and the relevant exclusions. Ask for the answer in the proposed policy wording, not only a general explanation.
Prepare the quote and discuss gaps
Bring your unit address, square footage, year built, interior upgrade details, current policy, desired start date and lender requirements. Explain whether you occupy the unit year-round, use it seasonally or rent it to others.
Flood and earthquake coverage need separate attention. Also ask about water backup and the difference between damage to your unit and liability for damage to a neighbor. Those are different coverage questions; the cause of loss and policy terms matter.
Use our condo product page to request local help. Our Lubbock agency serves Texas, New Mexico and Oklahoma; association documents and available policy terms vary. A quote or inquiry does not confirm coverage or establish responsibility for an association assessment.
Questions for your agent
- Which interior items are my responsibility under these documents?
- Are improvements and high-value belongings adequately described?
- What assessment situations and master-policy deductibles are covered or restricted?
- What must be confirmed before the lender receives proof of coverage?
Keep exploring
Sources and coverage details
- GEICO: Condo insurance
- Progressive: Condo insurance
- Progressive: Loss assessment coverage
- TDI: Home insurance guide, condominium coverage
Sources checked October 17, 2026. These educational resources explain general insurance concepts; another insurer’s features are not a promise of coverage available through this agency. Coverage, eligibility, limits, deductibles and exclusions depend on the policy, insurer and state. An inquiry does not start or change coverage.