Condo insurance, shopped across 20+ carriers
Condo insurance (HO-6) is a policy for condominium unit owners covering personal property, the interior of the unit (walls, floors, fixtures), personal liability, and loss of use — coverage the association's master policy typically does not extend to individual units.
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Affordable condo insurance in NV, AZ, UT, TX & OH
Condominium owners in NV, TX, OH, UT, or AZ. Association master policies cover the building and common areas but generally not the owner's belongings, interior improvements, or personal liability. Many HOA bylaws require individual HO-6 policies.
As a local broker with access to 20+ carriers, Liberty Choice does the shopping for you and brings back a competitive rate you qualify for — across all five states we’re licensed in.
At a glance
Condo insurance at a glance
- Average condo insurance runs about $490 per year nationally. HO-6 policies are among the more affordable homeowner-type policies because coverage is limited to the unit interior and personal property, not the full building structure. NerdWallet's 2026 analysis puts the national average at $490/year ($40/month).
- The HOA's master policy does not cover your belongings or interior. The association's policy covers the building shell and common areas; your personal property, flooring, cabinetry, fixtures, and personal liability are your responsibility under an HO-6.
- Many HOA bylaws require owners to carry an HO-6. Condo association documents in Nevada and the other states Liberty Choice serves often mandate that unit owners maintain a minimum HO-6 policy; check your CC&Rs before assuming no insurance is required.
- Loss assessment coverage is uniquely valuable for condo owners. If the HOA suffers a covered loss that exceeds the master policy limit, the association can pass part of the cost to individual unit owners as a special assessment; loss assessment coverage in your HO-6 pays your share.
Source: NerdWallet, How Much Is Condo Insurance? 2026 Rates (updated January 5, 2026): average HO-6 condo insurance costs $490/year ($40/month) based on analysis of 100+ carriers across all 50 states. https://www.nerdwallet.com/article/insurance/condo-insurance-cost
Coverage explained
What condo insurance covers
The details
The parts of a condo policy
| Coverage | What it covers | Typically |
|---|---|---|
| Dwelling - interior (Coverage A) | Walls-in improvements, flooring, cabinets, and fixtures you are responsible for insuring | Required |
| Personal property (Coverage C) | Furniture, electronics, clothing, and other belongings inside the unit | Required |
| Loss of use (Coverage D) | Temporary living costs if your unit becomes uninhabitable due to a covered loss | Required |
| Personal liability (Coverage E) | Legal costs if someone is injured in your unit or you accidentally damage another owner's unit | Required |
| Medical payments (Coverage F) | Medical bills for guests injured in your unit regardless of fault | Required |
| Loss assessment | Your share of a covered loss assessed by the condo association against all unit owners | Recommended |
| Water damage | Accidental discharge from plumbing inside the unit | Required |
| Scheduled personal property | Higher limits for valuables exceeding standard sub-limits | Add-on |
Requirements vary by state — your Liberty Choice agent confirms exactly what NV, AZ, UT, TX or OH requires.
How does condo insurance work?
A condo policy (HO-6) covers what is inside the unit and portions of the structure the condo owner is responsible for, while the condo association's master policy covers common areas and the building exterior. The boundary between what you own and what the association covers is defined by the association documents, so understanding your association's master policy (bare walls-in, all-in, or single entity) is critical to buying the right amount of dwelling coverage. Your policy also provides personal liability and loss of use coverage.
Pricing
What does condo insurance cost?
Here is what condo unit owners typically pay for HO-6 insurance. Your rate depends on the amount of personal property and interior coverage you need, your deductible, location, and the gap between your unit's finishes and the HOA master policy.
| Coverage level | Average annual | Average monthly |
|---|---|---|
| Basic HO-6 (personal property + liability) | ~$490 | ~$40 |
| Mid-range HO-6 (with loss assessment + higher limits) | ~$600 | ~$50 |
| Higher-value unit or upgraded finishes | ~$700–$1,000 | ~$58–$83 |
National averages for HO-6 condo insurance per NerdWallet (2026); Nevada and Las Vegas rates may vary. Your rate depends on coverage amounts, deductible, building type, and claims history.
Source: NerdWallet, How Much Is Condo Insurance? 2026 Rates (updated January 5, 2026): national average $490/year based on 100+ carrier analysis. https://www.nerdwallet.com/article/insurance/condo-insurance-cost
Beyond the basics
Optional & additional coverage
Ask your agent about these add-ons for extra peace of mind:
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Ways to save on condo insurance
- Bundle HO-6 with auto insurance. Multi-policy discounts of 10–20% are common when you add condo insurance to an existing auto policy with the same carrier.
- Choose a higher deductible. Raising your HO-6 deductible from $500 to $1,000 or $2,500 meaningfully lowers the annual premium.
- Review the HOA master policy type before buying. If your HOA has an all-in master policy covering unit interiors, you may need less Coverage A (dwelling interior) on your HO-6, which reduces premium.
- Install smoke detectors and a monitored alarm. Safety and security features earn discounts from most carriers and reduce the risk of a claim.
- Maintain a claims-free history. A three-to-five-year record without a claim keeps HO-6 premiums at their lowest level.
- Pay the full annual premium upfront. Annual payment instead of monthly typically saves 3–5%.
Source: NerdWallet, How Much Is Condo Insurance? 2026 Rates (updated January 5, 2026): bundling and higher deductibles are among the most effective ways to reduce HO-6 premiums. https://www.nerdwallet.com/article/insurance/condo-insurance-cost
Questions
Condo insurance FAQ
If my condo building already has insurance, why do I need my own policy?
What is loss assessment coverage?
How much does condo insurance cost?
What does 'walls-in' vs 'bare walls' HOA coverage mean for my HO-6?
Does condo insurance cover water damage from a neighbor's unit above me?
Am I covered if my condo is burglarized or my laptop is stolen from my car?
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