Florida Condo Insurance (HO-6) — Coverage That Fills the Master Policy Gaps
Your condo association’s master policy covers the building structure, common areas, and exterior — but stops at the drywall. Everything inside your unit (cabinets, flooring, fixtures, appliances, your personal property, and any improvements you made) is your problem. A Florida HO-6 policy fills that gap, plus loss assessment for special HOA charges after a hurricane or major claim.
- Walls-in dwelling coverage ($25K–$200K+)
- Loss assessment up to $50K
- Hurricane wind included (where available)
- Same-day binder for HOA records
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$400+
Avg. annual premium
$50K
Loss assessment limit
25+
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How condo insurance actually works in Florida
Florida condo insurance is a two-policy puzzle. The HOA’s master policy is what your monthly maintenance pays for and covers everything from the outside of the building up to the bare drywall of each unit. Your individual HO-6 covers everything from the drywall inward — and that is more than most owners realize. Cabinets, countertops, floors, light fixtures, ceiling fans, your toilet, your shower, your AC compressor (if it serves only your unit), all built-in appliances, and every stick of furniture you own.
Dwelling / Walls-In
Pays to repair or replace the interior of your unit — cabinets, floors, drywall, fixtures, built-ins. We look at your unit’s upgrade history (kitchen and bath remodels add up fast) and the type of master policy your HOA carries (all-in vs. bare-walls) before setting this limit.
Personal Property
Furniture, electronics, clothing, art, dishes. We default to replacement cost. For high-rise condos in Palm Beach, Boca, Miami, or the Keys we often schedule jewelry, watches, and artwork as separate items so theft sub-limits do not apply.
Loss Assessment
When the master policy has a deductible (often 3–5% of the building, which can be six or seven figures), the HOA assesses every unit owner. Loss assessment coverage pays your share — up to $50K with most carriers in Florida. This is the single most overlooked piece of condo insurance.
Coverage details that matter
Personal Liability
A guest slips on your tile, water leaks from your unit into the one below, your kid throws a ball through a neighbor’s window. We default to $300K minimum, often $500K for waterfront units.
Loss of Use
After a hurricane closes a high-rise for inspection or after a unit fire forces you out, this pays for temporary housing, restaurants above your normal grocery spend, and storage.
Water Backup & Sewer
Most master policies exclude water backup through floor drains and shower drains. The unit owner is on the hook. We add this endorsement on most HO-6 policies — it costs under $75 a year and pays for tens of thousands in cleanup and floor replacement.
Read your master policy declarations page before you quote
Florida master policies fall into three flavors: bare-walls (covers structure only, no flooring/fixtures), single-entity (covers original-installation fixtures but no upgrades), and all-in (covers original fixtures including upgrades). Which one your building has changes your HO-6 dwelling limit by tens of thousands of dollars. We read your master policy for you and right-size your HO-6 so you are not over- or under-insured.
- Bare-walls master → highest HO-6 dwelling limit needed
- Single-entity master → moderate dwelling limit, original-spec only
- All-in master → lower dwelling limit, mostly for upgrades
- Always note the master deductible — that’s your loss assessment exposure
Hurricane assessment exposure in coastal Florida condos
After a major hurricane, oceanfront and intracoastal condos in Palm Beach, Broward, Miami-Dade, the Keys, and Sarasota frequently see master policy claims well into the seven figures. The master’s 3–5% wind deductible alone can be $2M–$10M on a single building. That deductible is spread across every unit. Your loss assessment coverage is the only thing standing between you and a $25K–$80K special assessment letter from your HOA.
- Coastal high-rises commonly assess $25K+ per unit after a hurricane
- We default to $50K loss assessment on coastal condos
- Master deductible language matters — we explain what you owe
- Some carriers offer $100K loss assessment endorsements
Frequently asked questions
Is HO-6 condo insurance required in Florida?
State law does not require it, but virtually every Florida HOA does, and every mortgage lender does. The HO-6 protects you from things the master policy never will: damage you cause, theft of your stuff, loss assessment after a hurricane, and the cost of all your interior improvements.
What does the condo association’s master policy cover?
Generally the building structure, roof, exterior walls, hallways, elevators, pools, and common areas. Whether it covers anything inside your unit depends on whether the HOA carries a bare-walls, single-entity, or all-in master policy. We read your master declarations page before quoting so we match your HO-6 to your real exposure.
Why is loss assessment so important in Florida?
After hurricanes Irma, Ian, Idalia, and Milton, Florida HOAs have repeatedly issued five-figure special assessments to unit owners to cover master policy deductibles and uninsured losses. Loss assessment coverage on your HO-6 pays that bill — up to $50K standard, more on some carriers. Skipping it is the single biggest mistake we see.
How much condo insurance do I need on the inside of my unit?
Start with what it would cost to rebuild your interior from bare drywall: cabinets, countertops, flooring, light fixtures, paint, doors, all built-in appliances. For a basic 1,200 sqft unit, that’s typically $30K–$50K. A renovated kitchen and bath can push it past $100K. We model it room by room.
Does my condo insurance cover hurricane damage?
Yes for the interior of your unit and your personal property, subject to the wind deductible (usually 2–5%). Damage to the building shell is the master policy’s problem. We coordinate the two so that after a storm you know exactly who pays for what.
What if I rent my condo out on Airbnb or long-term?
A standard HO-6 typically excludes commercial rental use. If you rent on Airbnb, Vrbo, or to long-term tenants, you need either a landlord (DP-3) policy or a hybrid short-term rental endorsement. We have multiple Florida carriers that write this specifically and will not deny a claim because of a rental misclassification.
Can I bundle my condo and auto?
Yes. Multi-policy discounts on the auto side are usually 10–20%, and most condo carriers give a small discount when you bundle. For most clients that’s $300–$500 a year saved combined.
Florida condo insurance built around your master policy
Send us your association’s master declarations and we will size an HO-6 that fills every gap — without selling you coverage you do not need.