Condo and townhome insurance, also called HO-6 insurance, is a type of insurance policy designed to protect the unique needs of condo and townhome owners. These policies typically provide coverage for the interior of the unit, personal property, liability protection, and additional living expenses in case the unit becomes uninhabitable due to a covered loss.The cost of condo and townhome insurance depends on various factors, including your location, coverage level, and deductible amount, with typical rates varying significantly by state and coverage level. Condo insurance is generally cheaper than homeowners insurance due to the difference in coverage. Condo insurance (HO-6) doesn't cover the building, unlike homeowners insurance (HO-3), which increases the cost of coverage.
