Condo Insurance in Mount Prospect & Beyond
Protection for the Space You Call Home
Condo insurance (HO-6) is designed to cover what your condo association’s master policy doesn’t — usually everything from the drywall inward, including upgrades like cabinets, flooring, and fixtures. It also protects your belongings, provides personal liability coverage, and may include loss assessment for damage to shared areas. Many Chicagoland condo owners face gaps they didn’t realize existed, especially when water damage or fire impacts multiple units. We help you understand exactly where the master policy stops and where your coverage needs to begin so your home stays protected.
What’s Included in Condo Insurance
Interior Unit Coverage (“Walls In”)
HO-6 policies typically cover your unit’s interior — drywall, paint, flooring, cabinets, appliances, and improvements. This ensures you can rebuild the inside of your home after a covered loss, even if your HOA only carries a “bare walls” master policy.
Personal Property
Your belongings — from furniture to electronics to clothing — are protected against perils such as fire, theft, and water damage. We also help you review limits for valuables and choose endorsements for jewelry or collections if needed.
Personal Liability
If someone is injured inside your unit or you accidentally cause damage to another unit, liability coverage helps protect your finances. This is essential for condo living where neighbors share walls and common spaces.
Loss Assessment
If your association charges unit owners to cover damage to shared areas after a claim, loss assessment can help pay your share. It’s a valuable protection many condo owners overlook.
Water & Common Area Damage
Water leaks, broken pipes, or fire may affect multiple units. Your condo policy can help cover interior damages you’re responsible for, and we help ensure those gaps are fully addressed.
Review of HOA Bylaws
We’ll review your HOA’s insurance requirements and bylaws to identify exactly what you must insure. This takes guesswork out of the process and ensures proper alignment with the master policy.
What to Expect From Our Team
We start by reviewing your condo association’s master policy to determine what’s covered — and what isn’t. Then we tailor your HO-6 policy to fit your unit’s interior, improvements, and personal belongings. We help account for typical Illinois condo risks like water intrusion, winter pipe issues, smoke damage, and theft. As an independent agency, we compare options across insurers to find coverage that fits your needs and budget, with a local team ready to help if a claim ever arises.
Understanding Your Condo Coverage
Below is a comparison to help clarify what’s typically covered by the association versus the unit owner.
| Coverage Type | What It Covers | Why It Matters |
|---|---|---|
| Building Structure | Exterior & common areas | Interior unit “walls in,” upgrades, fixtures |
| Personal Property | Not covered | Fully covered up to limits selected |
| Liability | Association liability only | Your personal liability for injuries/damages |
| Loss Assessment | Limited | Helps cover your portion of shared-area claims |
| Water/Smoke Between Units | May be excluded | Often covered for your interior responsibilities |
Not sure where your coverage should begin? Contact us for a clear, personalized review.
Common Questions About Condo Insurance
What insurance do I need for my condo?
Most owners need an HO-6 policy that includes interior building coverage, personal property, liability protection, and loss assessment. We determine your needs by reviewing your HOA’s master policy.
Does condo insurance cover building damage or just my unit?
Your HOA’s master policy covers the building and common areas. Your condo policy covers your unit’s interior and belongings. If the master policy is “bare walls,” your condo policy will handle everything inside your walls.
What if a leak starts in another unit but damages mine?
Condo insurance typically covers damage you’re responsible for within your unit. We help structure the policy so these common situations are addressed properly.
Do I need extra coverage for upgrades?
Yes, especially if your unit has upgraded floors, cabinets, or fixtures. We can insure improvements at their current replacement value.
Will condo insurance cover assessments from the association?
Many HO-6 policies include loss assessment coverage. This can help pay your share of damage to hallways, roofs, or shared systems.
Protect Your Condo With Confidence
We serve condo owners across Mount Prospect & Beyond with HO-6 coverage tailored to local buildings and association requirements. Request a quote or let us review your master policy to ensure every gap is filled.
