Best Condo Insurance Companies (2026)

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Updated: October 1, 2026

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Key Takeaways
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AIG ranks as the best overall condo insurance option with a 4.77 out of 5 score and an average rate of $91 a month. USAA ranks first overall, though only active service members, veterans and their immediate families qualify for coverage.

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Condo owners need an HO-6 policy because the alternatives leave them exposed. Renters insurance doesn't cover damage to the interior structure you own. An HO-3 duplicates coverage the HOA master policy already carries.

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Your HOA's master policy type (bare walls-in, single entity or all-in) sets the floor for how much HO-6 coverage you need, and two owners in identical units can carry very different out-of-pocket exposure after the same loss depending on which type their building carries.

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What Is Condo Insurance (HO-6)?

HO-6 is the insurance policy built for condo owners. Unlike a standard homeowners policy, HO-6 covers only the interior of your unit: the walls-in structure, your personal property and your personal liability. The building's exterior, roof and shared spaces fall under your condo association's master policy.

The type of master policy your association carries matters just as much as your own condo policy. A bare walls-in master policy leaves you responsible for insuring your unit's fixtures, flooring and interior finishes. An all-in master policy covers those elements, which changes how much HO-6 coverage you actually need to carry.

What Condo Insurance Covers

An HO-6 policy includes five main coverage areas that protect condo owners from the walls in. These coverages work together to fill the gaps your HOA's master policy leaves behind.

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    Interior Structure (Walls-In Coverage)

    Flooring, walls, cabinets, countertops and built-in features all fall under walls-in coverage. It picks up where the HOA master policy stops.

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    Personal Property

    Furniture, electronics and clothing are covered under personal property. Policies pay out on either actual cash value (ACV), which factors in depreciation, or replacement cost value (RCV), which reimburses the full cost of a new replacement.

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    Liability Protection

    Legal and medical costs from injuries inside your unit are covered here. Most HO-6 policies open at a $100,000 liability limit, with higher limits available.

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    Loss of Use

    Temporary housing and living expenses are covered when your unit becomes unlivable after a covered loss. Fire and burst pipe water damage are two common triggers.

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    Loss Assessment Coverage

    When HOA-billed repair costs for shared areas exceed the master policy's limits, loss assessment coverage handles your share. Default limits can run as low as $1,000. Higher limits are available as an endorsement.

What Condo Insurance Doesn't Cover

The building exterior, flood damage, earthquake damage, maintenance issues and high-value items above policy sublimits fall outside HO-6 coverage. A separate flood or earthquake policy covers those risks, but it must be in place before a loss occurs.

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    Exterior Structure

    The building's roof, exterior walls, hallways and shared areas are covered by your HOA's master policy, not your HO-6. Buying HO-6 coverage for these areas would duplicate protection your association already carries.

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    Flood and Earthquake Damage

    Standard condo insurance excludes flood and earthquake damage. Condo owners in flood zones need a separate policy through the National Flood Insurance Program (NFIP) or a private insurer, and earthquake coverage requires its own policy or endorsement.

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    Maintenance and Wear and Tear

    HO-6 only covers sudden, accidental damage. Gradual issues like slow leaks, mold from poor ventilation or aging appliances aren't covered under a standard policy.

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    High-Value Items Beyond Limits

    Jewelry, art, collectibles and other high-value items have sublimits that vary by insurer, commonly ranging from $1,500 to $2,500 for jewelry. A scheduled personal property endorsement covers items above those sublimits.

5 Best Condo Insurance Companies

MoneyGeek analyzed the best condo insurance providers and found that AIG has the best balance of affordability, great customer service and varied coverage options. For military members and veterans, USAA is the best, but its policies are exclusive to military personnel.

USAA4.794.715.004.75
AIG Insurance4.765.004.225.00
Amica4.724.914.913.63
CSAA4.554.893.804.80
AAA4.544.883.804.80
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WHY TRUST MONEYGEEK'S RANKINGS?

Our rankings are built on filed insurance rates sourced from Quadrant Information Services. We score carriers across affordability (55%), customer satisfaction (30%) and coverage options (15%), weighted to reflect what matters most when choosing a policy. Learn more about MoneyGeek's methodology.

AIG

AIG

Best Overall Option

AIG is the best overall condo insurance option in MoneyGeek's review, with a 4.77 out of 5 MoneyGeek score. At $91 a month for $250,000 in dwelling coverage, it's the most affordable pick in our top three. Its standard policy includes features most insurers charge extra for, like worldwide personal property coverage and pet damage protection. One AIG policy can also cover a condo alongside a primary home, seasonal residence or international property, an option few other insurers offer.

  • Choose AIG if you want the lowest monthly rate in our top three without giving up coverage quality. AIG costs $91 a month, $28 less than Amica and $95 less than USAA for comparable coverage. Its standard policy includes worldwide personal property and pet damage coverage, features other insurers charge extra for.
  • Don't choose AIG if you prefer to quote and buy directly online or want a published discount program. AIG policies are sold only through independent agents, and the company doesn't make its discount details public. If straightforward online access and a wide range of savings options matter more, Amica offers 10 discounts, including up to 30% off for bundling.
USAA

USAA

Best for Military Members & Families

USAA ranks first in MoneyGeek's condo insurance review with a 4.80 out of 5 score, earning a 5 out of 5 for customer experience, the highest of any insurer we evaluated. At $186 a month for $250,000 in dwelling coverage, it's the most expensive of our top three. Membership is limited to active service members, veterans and their families, so that tradeoff only applies to those who qualify. The policy includes military-specific protections, like no deductible on covered losses for uniforms and gear, that aren't available through any general-market insurer.

  • Choose USAA if you're an active service member, veteran or immediate family member who wants the best customer experience in our rankings. It scored 5 out of 5 for customer service, higher than every other insurer we evaluated. No other condo insurer in our review offers USAA's military-specific coverage features.
  • Don't choose USAA if you don't qualify, since membership is reserved for the military community. AIG has the lowest rate among our top three insurers, averaging $91 a month, $95 less than USAA's rate, or $1,140 less a year.
Amica

Amica

Best for Claims Satisfaction

Amica ranks third in MoneyGeek's condo insurance review with a 4.72 out of 5, driven by a 4.91 out of 5 customer experience score that places it second nationally. At $119 a month for $250,000 in dwelling coverage, it's priced between AIG and USAA. Policyholders can also choose how they receive claim payments, through Venmo, PayPal, direct deposit or check, a flexibility most insurers don't offer. Bundling home and auto can cut premiums by up to 30%, one of the more generous multi-policy discounts among our top-ranked insurers.

  • Choose Amica if you want high claims satisfaction ratings and more ways to lower your premium than most competitors. Its 4.91 out of 5 customer experience score ranks second in our analysis, and 10 available discounts give policyholders more savings options than either USAA or AIG publishes.
  • Don't choose Amica if coverage customization is your first priority. Amica's coverage score of 3.63 out of 5 ranks ninth nationally, trailing most other providers in our review on add-on options. For the broadest coverage at the lowest price, AIG's $91 monthly rate and perfect 5 out of 5 coverage score are worth comparing directly.

How HOA Master Policies Affect Your Coverage Needs

HOA master policies fall into three types, each drawing a different line between what the HOA carries and what falls to the individual unit owner. 

  • A "bare walls-in" policy covers only the building frame, and your HO-6 must cover all interior finishes, from flooring to cabinets to countertops.
  • A "single entity" policy covers the building frame plus original fixtures like cabinets and flooring as built by the developer. You may still need HO-6 for upgrades beyond the original build specification and for personal property.
  • An "all-in" policy covers everything, including improvements and upgrades made by the unit owner.

Misreading the master policy is the most common mistake condo owners make when buying HO-6 coverage, and the financial consequences can reach thousands of dollars in uncovered repair costs.

Why Condo Insurance Is Different From Standard Home Insurance

HO-6 condo insurance covers only the interior of a shared building. An HO-3 standard homeowners policy covers the entire dwelling structure, detached structures and the land instead. Choosing the wrong policy type creates two problems. An HO-3 on a condo leaves you paying for coverage the HOA already carries. Renters insurance on a condo you own leaves interior structural damage uncovered. Only an HO-6 policy fits how condo ownership actually works.

How to Choose the Best Condo Insurance Policy

The right HO-6 policy starts with reading your HOA master policy and working backward from the coverage it does not provide. Most condo owners overlook interior rebuild costs after upgrades and default loss assessment limits that may be too low for their building's shared infrastructure.

Condo Insurance: Bottom Line

The best condo insurance provider is AIG, which scores well across our evaluation of its affordability, customer service and coverage options. For military members, USAA is the best choice.

Condo owners need an HO-6 policy, not renters insurance or a standard HO-3, because neither covers the interior structure of a unit you own within a shared building. How much coverage you need depends entirely on what your HOA master policy does and does not include. 

Request a copy of your HOA's master policy, identify the coverage type (bare walls-in, single entity or all-in) and compare HO-6 quotes from at least three of the insurers listed above, starting with AIG and Amica.

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Condo Insurance: FAQ

About Mark Fitzpatrick

Mark Fitzpatrick, Licensed P&C Insurance Expert, MoneyGeek

Mark Fitzpatrick is a licensed Property and Casualty (P&C) Insurance Producer and MoneyGeek's resident expert in insurance and economics. In nearly a decade covering the insurance market at LendingTree and MoneyGeek, he's analyzed hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.

His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.

Mark studied at Boston College and later earned a master's in economics and international relations from Johns Hopkins University. He worked in financial risk management at State Street before joining MoneyGeek. He's also a five-time “Jeopardy!” champion.

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