What Kind of Insurance Do You Need for a Condo in Florida?

Written By Drew Miles
What Kind of Insurance Do You Need for a Condo in Florida?

Owning a condo in Florida comes with unique insurance requirements due to the state's exposure to hurricanes, floods, and other risks. If you're a condo owner, you might be wondering what type of insurance you need to protect your investment. In this guide, we'll break down the essential condo insurance policies required in Florida, including HO-6 insurance, master policies, and additional coverage options.

Understanding Condo Insurance in Florida

HO-6 Insurance (Condo Owner’s Insurance)

HO-6 insurance, also known as condo insurance, is specifically designed for condominium owners. This policy typically covers:

  • Personal property (furniture, electronics, clothing, etc.)

  • Interior structure (walls, flooring, and built-in appliances)

  • Liability coverage (in case someone gets injured inside your unit)

  • Loss of use (if your condo becomes uninhabitable due to a covered event)

Master Insurance Policy (Provided by Condo Association)

Your condo association will have a master insurance policy that typically covers:

  • The exterior structure of the building

  • Common areas such as hallways, elevators, and pools

  • General liability coverage for shared spaces

It's essential to review your condo association’s policy to understand what is covered and where your personal policy needs to fill in the gaps.

Additional Insurance Coverage for Florida Condo Owners

Hurricane Insurance

Florida is prone to hurricanes, and while HO-6 policies cover wind damage, they often have separate hurricane deductibles. Make sure your policy includes sufficient coverage for hurricane-related damage.

Flood Insurance

Standard condo insurance policies do not cover flood damage. If your condo is in a flood-prone area, purchasing a separate flood insurance policy through the National Flood Insurance Program (NFIP) or a private insurer is highly recommended.

Loss Assessment Coverage

If your condo association’s master policy does not fully cover a large claim, they may pass the additional costs to unit owners. Loss assessment coverage helps protect you from unexpected charges due to shared property damage.

Water Damage & Mold Coverage

Florida’s humid climate increases the risk of water damage and mold. Some insurance policies exclude mold coverage or have limited protection, so be sure to verify your policy’s terms and consider adding extra coverage if needed.

Filing an Insurance Claim for Your Condo

If you experience damage to your condo, it’s important to:

  1. Document the damage with photos and videos.

  2. Notify your insurance provider and your condo association immediately.

  3. Review your policy to understand what’s covered.

  4. Work with a public adjuster to ensure you receive a fair settlement.

Conclusion

Condo insurance in Florida is essential for protecting your home and finances. A standard HO-6 policy, combined with hurricane and flood insurance, can provide comprehensive coverage against Florida’s unique risks. If you need help filing a claim or understanding your policy, contact Shoreline Public Adjusters today for expert guidance and a free consultation!

Shoreline Public Adjusters, LLC
780 Fifth Avenue South
Suite #200
Naples, FL 34102
Email: hello@teamshoreline.com
Phone: 954-546-1899
Fax: 239-778-9889
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