Welcome to Koba Capital insurance brokers, We're here to help you
Facebook Linkedin Youtube Yelp
koba capital
(212) 204 8625

Info@kobacapital.com

Mon - Sat
09:00 AM - 05:00 PM

Friday till 01:00 PM

70-50 Austin St, Suite 111A

Queens, NY 11375

CONTACT US
Call

Condo Insurance

Condo insurance provides essential protection for condominium owners by covering what condo association master policies do not. It safeguards the interior of your unit, your personal belongings, and your liability. This ensures you are financially secure against unexpected risks. With tailored condo insurance from Koba Capital, you protect your investment, your lifestyle, and your long-term peace of mind.

What Is Condo Insurance?

Also known as HO-6 insurance, is a specialized form of property insurance designed for condominium owners. Unlike homeowners insurance, which covers the entire building, this insurance focuses on protecting the parts of your unit and belongings that are not included under your condo association’s master policy. This often includes coverage for interior walls, flooring, fixtures, personal property, and liability.
 
Because condo association policies vary, having condo insurance ensures that you have complete protection for your home, your lifestyle, and your financial security. Without it, you may face unexpected expenses if damage or liability occurs inside your unit.
Who Is Condo Insurance For?
Condo insurance is designed for individuals and families who own a condominium unit. This is regardless of whether it is used as a primary residence, vacation property, or investment rental.
 
Condo owners often assume their association’s master policy provides full protection, but this is rarely the case. Master policies typically cover common areas like hallways, lobbies, elevators, and the exterior of the building. However, the responsibility for the interior of your unit, including upgrades, finishes, and personal belongings, falls on you. This insurance policy fills this coverage gap, ensuring you remain fully protected.

What Does Condo Insurance Cover?

Condo insurance offers a wide range of protections tailored to the unique needs of condo owners. At Koba Capital, our condo insurance policies include the following key coverages:
Dwelling (Interior Unit) Coverage
Condo insurance protects the interior structure of your unit, including walls, floors, ceilings, cabinets, and built-in fixtures. If fire, vandalism, or other covered perils damage these areas, your policy helps pay for repairs or replacement. This is especially important if you have upgraded finishes, such as custom flooring or high-end countertops.
Personal Property Coverage
Your furniture, electronics, clothing, and other belongings are covered under condo insurance. Whether your items are damaged inside your unit or stolen while you travel, personal property coverage ensures you are reimbursed for their value. Some policies even allow you to choose replacement cost coverage, which pays the cost of replacing items without deducting depreciation.
Loss of Use Coverage
If a covered event makes your condo uninhabitable, this coverage helps pay for temporary living expenses. That includes hotel stays, meals, and transportation while your unit is being repaired. This protection ensures that your quality of life remains stable even during these times.
Personal Liability Coverage
If someone is injured in your condo or if you accidentally cause damage to another unit, personal liability coverage protects you against lawsuits and legal expenses. It covers legal defense fees, medical bills, and settlements, shielding your finances from unexpected claims.
Medical Payments Coverage
Condo insurance includes coverage for medical bills if a guest gets injured in your unit, regardless of fault. This coverage allows small incidents to be resolved quickly, without escalating into larger disputes.
Loss Assessment Coverage
In some cases, condo associations may issue special assessments to cover damages to shared areas not fully protected under the master policy. Loss assessment coverage helps pay your share of these costs, protecting you from unexpected financial responsibility.

Protect Yourself With Condo Insurance

Owning a condo offers convenience, community living, and long-term financial value, but it also comes with unique risks. Without condo insurance, you could face thousands of dollars in expenses for repairs, personal property replacement, or legal defense after an accident.
 
Condo insurance acts as your safety net, ensuring that both your home and your financial stability remain secure. From protecting your interior unit and belongings to safeguarding you from liability, it allows you to enjoy the benefits of condo ownership with confidence and peace of mind.

FAQs

Yes. The master policy typically covers the building’s exterior and shared spaces, but does not cover the interior of your unit, your belongings, or your liability.
Yes. Condo insurance protects improvements such as upgraded flooring, countertops, and built-in appliances, ensuring that your investment in customization remains secure.
It depends on the cause. Damage from sudden events like burst pipes is usually covered, but flooding may require a separate policy.
Condo insurance is generally affordable compared to homeowners’ insurance. The costs vary depending on the value of your belongings, coverage limits, and location.
Yes. If you rent out your condo, specific policy options are available to cover your property and protect you from liability related to tenants.

Why Choose Koba Capital?

At Koba Capital, we understand the unique challenges condo owners face when navigating master policies and personal insurance needs. Our team reviews your condo association’s policy to identify coverage gaps and ensure your unit and belongings are fully protected.
 
We partner with top insurance carriers to provide competitive rates and flexible policy options tailored to your lifestyle. Our agents explain your coverage in clear, simple terms, helping you make informed decisions with confidence. And when you need support, our responsive claims team is here to guide you every step of the way.
 
With Koba Capital, condo insurance is not just about coverage. It is about protecting your home, your investment, and your peace of mind.
 
Koba Capital provides expert guidance, personalized policies, and responsive support, giving you confidence in your coverage. Contact us today to speak with an experienced agent and secure the right condo insurance policy for your needs.
Call Now ( 646 ) 543-KOBA