A condominium, or “condo,” is a type of residential property where individuals own their specific apartment unit within a larger condo building or complex while sharing ownership of common areas and amenities like hallways, pools, gyms, and gardens.
When insuring a condominium, owners usually need a specific type of protection known as condo insurance, also referred to as HO-6. which covers personal property and liability within the unit. Meanwhile, the HOA’s master policy typically covers the building structure and common areas. It also covers the interior of the property, such as walls, plumbing, and electrical and water pipes. This coverage is listed as Dwelling.
Living in a condominium complex often provides a sense of community and convenience. Residents can enjoy shared amenities and social events organized by the homeowners’ association, fostering connections with neighbors. This lifestyle can be especially appealing for those looking for a low-maintenance living option in urban areas, where individual homeownership might be more challenging.
PSIC Condo Insurance is the protection you need to take care of your home. It doesn’t matter if your condo is in a high-rise, by the beach, or in the city center; we’ve got you covered no matter where you are.
Our coverage includes:
At PSIC, we want to help you save on your condo insurance. We design coverage that fits you and your view. If you want to learn more about how it works, check out our section on Condo Insurance explained!
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Copyright © McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 17486061 The insurance policy, not the contents of this website, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed on this website. Coverage may differ by state.
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Last updated: June 27, 2023
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