Best Condo Insurance Companies

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Updated: June 29, 2026

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Key Takeaways
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Condo insurance is an HO-6 policy that covers your unit's interior structure, personal property and liability. The building's exterior and shared areas fall under your HOA's master policy, not yours.

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Your HOA's master policy type determines how much HO-6 coverage you need. Bare walls-in policies leave you responsible for insuring fixtures, flooring and interior finishes. All-in policies cover those elements, so two owners in identical units can carry very different out-of-pocket exposure after the same loss depending on which type their HOA carries.

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Amica and CSAA rank as the best condo insurance providers in our analysis, rated on a combination of affordability, coverage options and customer experience across the profiles we evaluated.

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What Is Condo Insurance (HO-6)?

HO-6 is the homeowners insurance policy built for condo owners, and the most important thing to understand about it is what it doesn't cover. 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.

Reviewing how these two policies interact, we found the most consequential variable wasn't the HO-6 policy itself. It was the master policy type your HOA carries. 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.

Best Condo Insurance Companies

Amica

Amica

Best for Claims Satisfaction

Amica earns a 4.72 MoneyGeek score, backed by high claims satisfaction ratings and flexible personal property coverage options. The insurer offers both ACV and RCV payout structures. Its dividend policy returns a portion of premiums to policyholders in profitable years, a feature that lowers the long-term cost of coverage.

  • Choose Amica if you want the highest claims satisfaction in our rankings and are willing to pay $28 more per month than AIG. Amica is the top general-market option for homeowners who don't qualify for USAA and don't need AIG's high-value home specialization.
  • Don't choose Amica if your only priority is the lowest monthly rate and you don't need coverage extras. AIG's $91 average monthly premium is $28 less per month ($336 per year). Amica also operates through a direct model with regional offices rather than a nationwide storefront network, so if you prefer working with a local agent you can visit in person, State Farm's 19,000-plus agent locations are a better fit.
CSAA

CSAA

Best for AAA Members in Western States

CSAA earned a MoneyGeek score of 4.55 out of 5 and ranks fourth overall, with an average monthly premium of $126 ($1,514 per year). That rate is $7 per month more than Amica ($119) and $35 per month more than AIG ($91), which raises the question of what CSAA offers to justify the price gap against two higher-ranked competitors. The answer is regional focus and AAA membership integration. 

The company operates as the insurance arm of AAA and is available primarily in Northern California, the San Francisco Bay Area, Utah, Nevada, Arizona, Montana, Wyoming, Colorado and Oklahoma. In those markets, CSAA underwrites with local risk knowledge and ties homeowners coverage into the broader AAA membership ecosystem, including bundling discounts for auto and home.

  • Choose CSAA if you live in one of its service states, are already an AAA member and want a carrier that knows your local market. CSAA's regional underwriting can be an advantage in states like California, where wildfire risk varies sharply by ZIP code and national carriers have pulled back from some areas.
  • Don't choose CSAA if you can get Amica or AIG. Amica costs $7 less per month, scores higher in both MoneyGeek's rankings (4.72 vs. 4.55) and J.D. Power's claims and home insurance studies, and is available in all 50 states. AIG costs $35 less per month and scores higher (4.77 vs. 4.55).

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, while an HO-3 standard homeowners policy covers the entire dwelling structure, detached structures and the land. The wrong policy type creates a coverage gap: an HO-3 on a condo leaves you paying for coverage the HOA already carries, and renters insurance on a condo you own leaves interior structural damage uncovered. Only an HO-6 policy correctly aligns with the shared-ownership structure of a condominium.

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

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 Amica and State Farm for the general market.

Compare Insurance Rates

Get the best rate for your insurance. Compare quotes from the top insurance companies.

Condo Insurance: FAQ

These are the five questions condo owners ask most often when shopping for HO-6 coverage. We answer each one based on how HO-6 policies work, what HOA master policies do and don't cover, and where coverage gaps are most likely to cost you money.

MoneyGeek's rankings of the best condo insurance companies are based on a composite score that evaluates claims handling, coverage options and customer satisfaction. Condo-specific rate data is not used in this analysis because HO-6 pricing varies too widely by location and unit type to support reliable comparisons. Scores reflect service quality, policy flexibility and endorsement availability. Data sources include J.D. Power, the NAIC complaint index and AM Best financial strength ratings. All MoneyGeek scores are displayed on a 5-point scale and rounded to two decimal places.

About Mark Fitzpatrick

Mark Fitzpatrick, Licensed P&C Insurance Expert, MoneyGeek

Mark Fitzpatrick, a licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he produces original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.

He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.

Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.

Mark holds a B.A. from Boston College and an M.A. in Economics and International Relations from Johns Hopkins University. He started his career in financial risk management at State Street and is also a five-time “Jeopardy!” champion.

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