What Is an Ho-6 Policy and What Does It Cover?

An HO-6 policy is designed specifically for your individual condominium unit. It generally covers interior structures like your walls, flooring, and built-in fixtures from perils such as fire, theft, or water damage from a burst pipe inside your unit. The policy also includes personal property coverage for your furniture, electronics, and clothing, protecting these items from the same list of covered events.

Liability protection is another key component, covering you if someone is injured in your unit. It may also include medical payments for minor guest injuries and loss-of-use coverage. This pays for additional living expenses if a covered event makes your condo temporarily uninhabitable, such as a major water leak requiring professional cleanup and repairs.

Standard HO-6 policies have exclusions you should understand. Two major gaps are flood damage and water backup from sewers or drains. These are rarely included and usually require purchasing separate endorsements or policies. Mold coverage is also frequently limited, so significant mold growth following a slow leak might not be fully covered, emphasizing the need for quick action when you discover moisture.

To properly protect your investment, discuss optional coverages with your insurance agent. Adding endorsements for water backup or increasing special limits for valuables can be wise. You may also consider an assessment coverage add-on, which helps pay your share if the condo association levies a special assessment to repair a major common area issue, like a new roof after a storm.

• Water damage from sewer or drain backups.
• Damage caused by floods or surface water.
• Damage from earth movement, which requires a separate endorsement.
• Coverage limits for high-value items like jewelry or art.
• Assessments charged by the condo association for a shared loss.
• Mold remediation, which is often limited or excluded.

For any significant water intrusion, involving restoration pros early is crucial. They have the equipment to properly dry walls, flooring, and hidden cavities, which helps prevent mold and structural decay. In many climates, high heat and humidity can complicate drying efforts. Professionals ensure the job is done thoroughly to meet insurance standards.

These professionals can also provide detailed documentation and moisture maps that are useful for your insurance claim. They handle the physical cleanup, from water extraction and antimicrobial treatment to repairs like drywall replacement. This allows you to focus on working with your insurer. Their expertise helps ensure your home is returned to a safe, dry condition.