CONDO INSURANCE IN FLORIDA

Condo insurance in Florida, commonly referred to as HO6 insurance, is designed to fill the coverage gaps left by the homeowners association's (HOA) policy, which typically covers only the building's exterior and common areas. For condo owners, this insurance is crucial as it protects the interior of the unit, personal belongings, liability, and may cover additional living expenses if the home becomes uninhabitable due to a covered peril. While not mandated by state law, many condo associations require owners to carry a certain level of insurance. The cost of condo insurance in Florida can vary widely, influenced by factors such as the condo's location, structure, safety features, and the amount of coverage purchased. Discounts may be available for features that mitigate wind damage or for installing fire protective devices. It's essential for condo owners to understand what their HOA policy covers and to ensure their personal condo insurance fills the necessary gaps, providing peace of mind and financial protection against potential losses.