Condominium Building Insurance.
Coverage guidance for condominium associations, shared building structures, and common areas.
About Condominium Building Insurance
Condominium associations face unique insurance responsibilities, from the shared building structure to common areas to liability for residents and guests. We help condo associations and HOAs understand their coverage options.
Common Risk Exposures
Building Structure
Damage to the shared building structure from covered causes of loss.
Common Area Liability
Claims from residents and guests in shared spaces like lobbies and hallways.
Equipment Failure
Breakdown of shared mechanical and electrical systems.
Master Policy Gaps
Understanding what the master policy covers versus what unit owners need.
Relevant Insurance Coverage
Coverage options commonly considered for condominium building insurance.
Commercial Building Insurance
Help protect the shared building structure.
General Liability Insurance
Help protect the association from certain liability claims.
Equipment Breakdown
Help protect shared mechanical systems.
Commercial Flood Insurance
Help protect against flood-related losses.
Business Income
May help with lost assessment income after a covered loss.
Things to Think About
Master Policy Type
We help you understand bare walls versus single-entity master policy approaches.
Deductible Assessment
Some policies include coverage for deductibles assessed to unit owners.
Director and Officer Liability
Board members may benefit from D&O coverage for certain decisions.
What type of property?
Select the property type that best describes your building.
Condominium Building Insurance Questions, Answered
A master policy typically covers the shared building structure and common areas. The extent of coverage depends on whether it's a bare walls or single-entity policy. We help you understand the difference.
Yes. Unit owners typically need HO-6 policies to cover their unit interior, personal property, and personal liability. The master policy does not cover these.
Loss assessment coverage may help unit owners when the association assesses them for a shared loss that exceeds the master policy limits.
Ready to Explore Your Options?
Start with a few details about your property and let our team help with the rest.
Coverage Disclaimer: This page is for informational purposes only and does not describe any specific insurance policy. Coverage, availability, eligibility, features, discounts, and limits vary by product and jurisdiction and are subject to policy terms, conditions, limitations, and exclusions. Actual terms, limits, exclusions, eligibility, and availability depend on the selected policy and insurer. Contact Texas Commercial Property Insurance to discuss your specific situation and available options.