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Condo Insurance Calculator

Free condo insurance calculator and cost estimator: enter your HO-6 quote to see monthly premium impact on total housing cost. No signup required.

By True Condo Cost editorial team · Editorial standards

Use this condo insurance calculator to estimate how much HO-6 coverage adds to your monthly condo payment.

Enter an agent quote for the specific building—premiums vary by location, master policy deductibles, and association claim history.

Your numbers

What this means

Plan on $0.00 monthly for HO-6 coverage. Rising master policy costs in your building may also flow into HOA dues.

Assumptions and limitations

  • Premium is user-entered from quotes; we do not estimate regional rates.

Frequently asked questions

What does HO-6 cover?
Typically interior finishes, personal property, liability, and sometimes loss assessment when the master policy falls short.
Is insurance included in HOA?
The building master policy usually is; your unit policy is an extra owner cost.

Run these next

Most buyers model HOA, insurance, and assessments in separate passes.

Condo insurance calculator: how much is HO-6?

This condo insurance calculator converts your HO-6 annual quote into a monthly budget line. When searchers ask how much condo insurance costs, they usually mean the unit policy premium—not the master building policy funded through HOA dues.

There is no live quote engine here. Enter the annual premium from your agent for the specific building. Inland HO-6 policies often land in the low hundreds per year; coastal wind, wildfire interface, and high master deductibles can run much higher.

How to get a condo insurance estimate

Request an HO-6 quote using the master policy declarations from the resale packet. Your agent needs the building's walls-in definition, deductible structure, and your planned dwelling limits.

If you only have a rough range, enter a low and high annual premium in separate runs to bracket monthly cost. Replace guesses with a building-specific quote before you waive contingencies.

  • Ask whether the master policy is all-in, single entity, or bare walls
  • Note wind, water, and named-storm deductibles on the certificate
  • Quote loss assessment coverage if the master deductible is large
  • Use the condo replacement cost estimator for dwelling limit sizing

HO-6 vs the master policy

The master policy covers the building shell and common elements. Your HO-6 covers interior finishes, belongings, liability, and often optional loss assessment coverage when the association levies a charge tied to a master deductible event.

Read whether the master policy is all-in (includes unit interiors to the walls) or bare walls (you insure everything inside the studs). That definition changes how much HO-6 dwelling coverage you need and what gaps show up after a water or smoke claim.

  • Master policy: structure, hallways, shared amenities—paid via HOA budget
  • HO-6: cabinets, flooring, personal property, liability—your direct premium
  • Flood and earthquake: usually separate policies, not automatic on either policy
  • Loss assessment rider: pays your share of certain association charges

What affects your HO-6 premium

Carriers price HO-6 policies on building age, construction type, prior claims in the association, coastal or wildfire exposure, and how large the master policy deductible is. A building with a $50,000 water deductible can push owners toward higher loss assessment limits even when the unit premium looks modest.

Interior finish quality matters for dwelling limits. After a renovation, update your coverage—purchase price and rebuild cost are not the same number for insurance purposes.

  • Building claim history and insurance market (especially Florida and California)
  • Master policy deductible size and named-storm terms on coastal stock
  • Your chosen dwelling limit for interior finishes
  • Personal property limit and liability coverage
  • Optional loss assessment and water backup riders

How much condo insurance do I need?

Enough to rebuild your unit’s interior finishes, replace belongings, and cover liability. Many buyers align dwelling coverage with a rebuild estimate from their agent or the insurer’s replacement cost tool—not with the condo’s market value.

If the master policy is bare walls, you carry more interior risk. If reserves are thin or the building carries a high deductible, consider loss assessment coverage on the HO-6 policy. Confirm lender minimums before closing.

Sample inputs (Condo Insurance)

Inputs: $1,680 annual HO-6 premium → $140/month budget line. If you quote $2,400/year after a coastal wind deductible review, monthly insurance rises to $200—a $60/month swing that affects DTI like a partial HOA increase.

Before you rely on the Condo Insurance

It is not a live quote engine and does not read master policy declarations.

It does not model loss assessment coverage limits—use the loss assessment calculator after you have declarations.

Last updated: June 2026

When to use this calculator

  • You received an HO-6 quote higher than expected
  • The master policy has a large deductible that affects your unit coverage
  • You are budgeting monthly insurance separate from HOA dues

Inputs you need

  • HO-6 premium quote or estimate for the specific building
  • Optional loss assessment coverage limit if you know it
  • Master policy deductible context from the resale packet

How to interpret the result

  • Add HO-6 to HOA and mortgage for all-in payment—master premiums paid through dues are separate
  • Compare quotes for two buildings at the same price; insurance can differ by age and location
  • If the premium consumes your margin, revisit price range or reserve-heavy buildings

What this calculator does not know

  • Live tax bills, insurance quotes, or HOA budgets from any database
  • Lender approval, HOA questionnaire results, or project eligibility
  • Future HOA increases unless you change the inputs yourself
  • Master policy premiums paid through HOA dues
  • Flood or earthquake policies unless you add them separately

Documents to verify before relying on the estimate

  • Master insurance declarations and renewal summary
  • HO-6 quote with dwelling and loss assessment limits
  • Minutes from insurance committee after last renewal
  • Flood or wind requirements for the building

Educational estimates only. Confirm figures with association documents, county tax offices, and licensed professionals before you make an offer.

Also review Florida, California, and your target state guide for master policy context.

Frequently asked questions

How much is condo insurance?
HO-6 unit policies often run from a few hundred dollars per year inland to $1,000–$2,000+ annually in coastal or high-risk buildings, but your quote depends on the specific association. Enter an agent quote in this calculator— we do not pull live premiums.
How much does HO6 condo insurance cost?
HO-6 is the standard unit policy for condominiums. Cost depends on dwelling limits, building location, and master policy terms. Get a building-specific quote, divide the annual premium by twelve, and enter it here for monthly budgeting.
How do I get a condo insurance estimate?
Request an HO-6 quote from an agent using the master policy declarations from the resale packet. Enter that annual premium in this calculator to see the monthly line item alongside mortgage and HOA.
How much condo insurance do I need?
Enough dwelling coverage to rebuild interior finishes, personal property limits for your belongings, liability protection, and often loss assessment coverage when the master policy carries a large deductible. Match limits to a rebuild estimate, not purchase price.
How much does condo insurance cost per month?
Divide your annual HO-6 premium by twelve for the monthly line in your budget. Remember master building insurance is usually inside HOA dues—a separate cost from your HO-6 bill.
Why is my HO-6 premium high?
Building age, coastal exposure, master policy deductibles, and prior claims in the association can all raise unit premiums. Get quotes for the specific building before you offer.
Is condo insurance included in HOA fees?
The master policy is funded through HOA dues. Your HO-6 unit policy is a separate expense you pay directly to your insurer.

Sources to verify before buying

Use this checklist during due diligence. Calculators help you plan; these documents tell you what a specific building actually costs.

  • HOA budget and audited financials (or reviewed statements if the association is small)
  • Reserve study with percent-funded and component schedules — often prepared under CAI / APRA standards
  • Master insurance declarations: carrier, deductible, wind/hail sublimits, and coinsurance
  • Board minutes covering the last two insurance renewals and any assessment votes
  • Written special assessment notices and payment plans
  • County assessor or municipal property tax estimator for the parcel (not a neighbor’s bill)
  • HO-6 quote aligned to master policy gaps — confirm with your state Department of Insurance licensed agent
  • Lender condo questionnaire or Fannie Mae / Freddie Mac project review status for warrantability

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