condo coverage that suits your style

/
Condo insurance

Condo insurance quote

Summary of condo insurance

Allstate® condo insurance offers coverage designed for condo owners and their unique needs. Protect your personal property, structural improvements inside your unit, and essentials with policies that include liability coverage, guest medical protection, and additional living expenses if your unit becomes uninhabitable. You’ll also find options for loss assessment, electronic data recovery and green improvement reimbursement. With available discounts and 24/7 claims support, Allstate makes it simple to safeguard your home with confidence.

What is condo insurance?

A condo insurance policy covers any damage to your unit's structure and your personal belongings caused by certain perils, which include:

Theft
Fire and smoke
Vandalism
Sudden and accidental water damage from your plumbing, water heater, heating or air conditioning system, or household appliances.

Why do you need condo insurance?

While most condo association policies do cover parts of the building's structure, they generally do not include your personal belongings like furniture, clothes and electronics. Allstate condo insurance helps fill in the gaps in most condo association policies including the costs to repair or replace those belongings if they're damaged by a covered peril, such as theft, fire or smoke.

Many lenders require you to purchase condo insurance, often referred to as walls-in coverage or an HO-6 policy.

How much does condo insurance cost?

Depending upon the type of coverage and limits you choose, Allstate offers condo insurance coverage for as little as $2/day¹. Get a quick quote online to find a policy tailored to meet your needs and budget.

How do I compare condo insurance quotes?

By changing these three factors, you can compare between multiple rates to see what works for your budget and coverage needs:

Choose your coverage
Take a look at the types of coverage included in the standard policy and consider what other optional coverages you want to add.
Consider your limits
Be sure to think about your personal finances when selecting a limit, which is the maximum amount the insurer will pay for a covered claim.
Select your deductibles
Some condo insurance coverages come with a deductible, which is the amount you’ll pay out of pocket toward a claim. When choosing your deductible, be sure to think about how much you could comfortably afford to pay in the event of a claim.

Start protecting your condo today

Get a fast and easy quote online today and see how easy it is to protect what matters most.

get a quote

⚑

What does condo insurance cover?

To make sure you get the right protection to fit your needs, Allstate offers several standard types of coverage that help protect you, your condo unit and your belongings.

Here’s a look at some of the coverages provided by a standard Allstate condo insurance policy:

Personal property coverage

This helps pay to repair or replace the possessions inside your condo or townhome, like furniture, electronics and clothes, if they're damaged by a covered peril. When you purchase your policy, you may be able to choose between two types of personal property coverage:

Actual cash value, which helps reimburse you for your belongings' depreciated value based on factors such as their age or condition.
Reimbursement provision, which pays you for the depreciated value of your belongings, and then, after you've replaced an item, sends a second reimbursement check for the remaining amount needed to purchase the new item.

Liability coverage

If someone sues you after being injured in your condo unit or you're responsible for repairs after you accidentally damage another person's property, condo liability insurance may help pay for your expenses.

Guest medical coverage

If a visitor is injured while on your property, guest medical coverage helps pay for X-rays, ambulance rides and other reasonable and necessary medical expenses, even if you are not at fault.

Additional living expenses

If you need to relocate, pay for increased housing or food expenses, additional living expenses coverage can reimburse you after a covered claim.

Building property protection

If your condo association’s master policy covers only belongings considered personal property, building property protection can help. This could include costs to repair or replace cabinetry or appliances in a covered claim.

When you purchase a condo insurance policy, you can select deductibles and coverage limits based on your needs.

How much condo insurance coverage is needed?

These are some of the key factors to help you choose the right amount of coverage:

The location of your condo
Coverage provided by your association's policy
Enough coverage to pay for the cost of repairing or replacing finishes, fixtures, and interior elements of your unit
Confirmation that your policy covers the costs for replacement as opposed to just the market value
Adding a personal property policy can help make sure that designer designer furniture, artwork or other high-value items would be covered in the event of a loss

Condo insurance discounts

Allstate makes it easy to reduce the cost of condo insurance with discounts including:

Multi-policy discount
Save up to 21% when you bundle condo and auto.
Welcome & loyalty discount
Save up to 10%² for switching to Allstate and keep saving just for staying. Switch your existing condo insurance to Allstate, then save every year after that.
Protective device discount
Save up to 12%³ when you have safety devices installed, including theft or fire alarms.
Easy Pay Plan^®
Set up automatic payments and get a discount.
Responsible payer discount
Save for making your premium payments on time.

Common types of condo insurance bundles

Bundled savings vary by state and are not available in every state.

Save up to 21%* when you bundle Allstate condo and auto insurance policies.
bundle with auto
Condo + Motorcycle
Combine your condo and motorcycle policies to protect more at a lower premium.
bundle with motorcycle
Condo + Scheduled Personal Property

Add extra protection for jewelry, antiques and other high-value items.
learn more

Condo and townhome insurance FAQs

Is condo insurance required?

Many lenders may require you to purchase condo insurance. This policy is sometimes called "walls-in" coverage or HO-6 insurance. It helps cover the interior walls, fixtures and personal property within your condo. Allstate's condo insurance meets HO-6 requirements.

What is co-op insurance?

Co-op insurance is very specific in that it helps protect only your personal belongings and the inside of your unit. It also offers liability protection for bodily injury or property damage to others.

What’s typically not covered by condo insurance?

While condo insurance protects you from accidental and sudden losses, there are some losses that aren't covered:

Appliance breakdowns
Most condo insurance doesn’t cover basic maintenance repairs. For example, if your water heater cracks, your coverage most likely will not help to replace the water heater (but it may help pay for damage to your floors). That's why it's a good idea to have all your heating, cooling and plumbing systems regularly serviced.
Floods, earthquakes and water backup
Floods, earthquakes and water (sewer) backups are excluded from most condo insurance policies. If you want to purchase additional insurance to cover these events, talk to your Allstate agent or call 1-800-ALLSTATE.
Certain valuables
In general, condo insurance policies cover your personal belongings up to a certain value. But some collectibles or valuables, like expensive jewelry, furs and silverware may require additional protection to cover their full value.

What is an HO-6 policy?

An HO-6 policy is insurance for those who own a condo or co-op unit. It covers your unit and everything inside it, as well as provides liability coverage, loss of use coverage and more.

What does a condo association's (HOA) insurance cover?

A condo association's insurance usually contains liability coverage and property damage protection to help cover the structure of the building and common areas, such as shared hallways, pools and clubhouses. The association's coverage typically comes into play if someone is injured in a common area or that area is damaged by a covered risk, such as a fire. Associations' policies (often referred to as master policies) can vary when it comes to any protection for the inside of your unit. Some may help protect your condo's bare walls, floors and ceiling, while others may include coverage for original fixtures, such as cabinets and bathroom fixtures. In addition to varying by association, coverage provided by the master policy can also depend on your state's laws.

It's important to read your association's bylaws to learn what type of coverage it includes for your unit so you can tailor your own condo insurance policy to fit your needs. What you are required to insure is described in the governing documents of your condo association.

Are townhomes with an association insured the same way as condos?

Despite the differences between the two styles of homes, the way they’re insured is generally the same. There isn’t a specific “townhouse insurance policy,” since your condo policy will usually cover either type of home. However, you may need to request governing documents to determine whether your townhome should be covered under a condo or home insurance policy. As a unit owner, you should have your individual policy, while the condo or homeowners association should have a master policy covering shared elements of the property, such as a roof, walls and walkways.

What if I’m renting a condo?

If you are renting a condo unit or a townhouse, you likely don't need to have a condo insurance policy. Your landlord should have a condo insurance policy that would help to repair or rebuild the unit after a covered peril, such as a fire. However, you may want to consider having a renters insurance policy to help protect your personal belongings.

Stories & tips
for everyday life