Best Condo Insurance Companies

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Updated: May 10, 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 your unit's fixtures, flooring and interior finishes, while all-in policies cover those elements — meaning 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, leading on a combination of affordability, coverage options and customer experience across the profiles we evaluated.

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. 

When we reviewed how these two policies interact, the most consequential variable we found 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)

    Covers flooring, walls, cabinets, countertops and built-in features inside the unit. This coverage picks up where the HOA master policy stops, making it important for any condo owner.

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    Personal Property

    Covers belongings like furniture, electronics and clothing. Policies pay out on either actual cash value (ACV), which accounts for depreciation, or replacement cost value (RCV), which pays what it costs to replace the item new.

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    Liability Protection

    Covers legal and medical costs if someone is injured inside your unit. Most HO-6 policies start with a $100,000 liability limit, though higher limits are available.

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    Loss of Use

    Pays for temporary housing and living expenses if your unit becomes unlivable after a covered loss, such as fire or water damage from a burst pipe.

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    Loss Assessment Coverage

    Helps cover your share of damages billed by your HOA for shared-area losses that exceed the master policy's limits. Default limits start as low as $1,000, but higher limits are available as an endorsement.

What Condo Insurance Doesn't Cover

HO-6 doesn't cover the building's exterior, flood damage, earthquake damage, maintenance issues or high-value items above policy sublimits. Knowing these exclusions before you buy helps you avoid a costly gap at claims time.

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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
Best for Claims Satisfaction

Amica

Amica's earns a 4.72 MoneyGeek score, reflecting its consistently high claims satisfaction ratings and its flexible personal property coverage options. The insurer offers both ACV and RCV payout options on personal property, and its dividend policy returns a portion of premiums to policyholders in strong financial years; a feature that effectively lowers the long-term cost of coverage.

  • Choose Amica if you want the insurer with the highest claims satisfaction in our rankings and are willing to pay $28 more per month than AIG for it. Amica is the strongest 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
Best for AAA Members in Western States

CSAA

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. CSAA 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. Choosing the wrong policy type creates a coverage gap: an HO-3 on a condo leaves you paying for coverage the HOA already carries, while 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.

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.

What is condo insurance and how is it different from homeowners insurance?

What does an HO-6 policy cover?

Do I need condo insurance if my HOA has a master policy?

What is loss assessment coverage in condo insurance?

Do I need additional coverage for floods or earthquakes?

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 headshot

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 has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.

He writes about economics and insurance on MoneyGeek so people can make coverage decisions with confidence. His insurance insights have been featured in The Washington Post, The New York Times and NPR, among other media outlets.

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

Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). He began his career in financial risk management at State Street. He's also a five-time Jeopardy champion!

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