Flood Insurance
NFIP and private flood compared side by side, including whether Citizens now requires you to carry it.
Flood Insurance
Southwest Florida
Condo Insurance in Bonita Springs, Naples, Fort Myers and Estero
Your association's master policy typically does not cover everything inside your unit. An HO-6 policy may cover your interior finishes and personal belongings, and loss assessment coverage may help with your share of certain association costs. We can help you review how an HO-6 policy fits with your association's master policy.
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What happens next
- 1 We compare your details with carriers that offer condo unit-owner coverage.
- 2 We come back with your options, usually the same business day.
- 3 You decide. No obligation, and we do not sell your information.
Loss assessment coverage
Loss assessment coverage for Florida condo owners
When the association's insurance does not cover a loss in full, the association may bill the shortfall to unit owners as a special assessment. Loss assessment coverage on an HO-6 policy may help pay your share of certain assessments, subject to the policy's limits and terms.
Assessments after a major storm can be large, and some may be many times a base loss assessment limit. Higher limits may be available from some carriers.
Loss assessment coverage typically applies only to assessments that result from a covered peril. It typically does not apply to assessments for deferred maintenance, reserve shortfalls, failed inspections or uninsured perils such as flood. Policy terms vary by carrier, so review them before you buy.
Example: loss assessment limits
A base limit
$2,000
An example of a base loss assessment limit.
A higher limit
$5,000
Higher limits may be available. Cost varies by carrier.
A base limit may be lower than some assessments. Higher limits may be available, depending on the carrier, and can provide more room if your association passes a master policy deductible on to unit owners. We can show you the loss assessment options from the carriers we work with.
What an HO-6 may cover
What an HO-6 typically covers, and what it leaves out
Standard coverage
- Interior finishes, cabinets, flooring and fixtures, as described in the policy
- Your belongings, which may be covered at home and away, subject to policy limits
- Personal liability: May apply to certain accidents inside your unit
- Additional living expenses: May apply if a covered loss makes your unit unlivable
- Loss assessment: May help with your share of certain association costs, subject to policy limits
Optional Coverages
- Increased loss assessment: Some carriers offer higher limits
- Water backup: May cover water that backs up through drains or sewers, if added to your policy
- Replacement cost on contents: May reimburse replacement cost without depreciation deductions, subject to policy terms
- Ordinance or law: May help with added rebuilding costs required by updated building codes
- Scheduled valuables: May provide expanded protection for items such as jewelry, fine art and collectibles, subject to limits
Common Exclusions
- Flood and storm surge: Typically require a separate flood insurance policy
- Master policy scope: Items the association is responsible for insuring
- Wear and maintenance: Gradual wear and tear and deferred maintenance
- Uncovered assessments: Assessments that do not result from a covered peril, such as reserve shortfalls
If the association carries a master flood policy, it may cover the building structure, but it typically does not cover your personal belongings. Policies may limit coverage for units left unoccupied for an extended period, and may require water shutoff or other precautions. Check your policy for its terms.
Flood insuranceThis is a general overview, not a policy. Coverage depends on your policy's terms, limits, exclusions and the carrier.
Non-renewed, or told your building is uninsurable? If one carrier steps away, other options may still exist. The market for individual HO-6 policies uses different underwriting criteria than the market for association master policies, so a problem at the association level does not automatically make your unit uninsurable. We can review options from admitted carriers, surplus lines carriers, and Citizens if you are eligible. Talk it through with us on (239) 495-0805.
Possible discounts
Discounts worth asking about
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Impact windows & shutters Some carriers may offer credits for impact-rated windows, doors and shutters.
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Policy bundling Some carriers may offer a discount when you bundle your condo and auto policies.
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Monitored alarms & sensors Some carriers may offer credits for central-station fire or burglar alarms and automatic water shutoff devices.
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Claims-free history A clean claims history may qualify you for a discount with some carriers.
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55+ communities Some carriers may offer a credit for units in age-restricted communities.
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Higher deductible Choosing a higher deductible may lower your premium, but it also increases what you pay out of pocket on a claim.
Before you start
What to have handy
- The unit address, including the unit number and floor
- The year the building was built
- How the unit is used: primary, seasonal or rented
- Your current declarations page, if you have one
Don't have everything? Start anyway. We can discuss what else is needed and help you request building details from your association.
Start your quoteCommon questions
Condo insurance, answered
What does an HO-6 condo policy cover?
An HO-6 policy may cover interior parts of your unit that the association's master policy does not, such as flooring, wall and ceiling coverings, cabinets, countertops, electrical fixtures and appliances. It may also cover your personal belongings, personal liability, additional living expenses if a covered loss makes your unit unlivable, and loss assessment coverage for your share of certain association costs. Coverage depends on your policy's terms, limits and exclusions.
Isn't the building already insured by the association?
The structure usually is, but not everything inside your unit. An association's master policy typically insures the building as originally built, and it typically does not cover items such as flooring, wall coverings, cabinets, appliances, water heaters and your personal belongings. What the master policy covers varies by association, so we suggest reviewing your association's policy along with your HO-6 options.
Is condo insurance required in Florida?
Requirements vary. A mortgage lender often requires an HO-6 policy, and some association governing documents require one as well. Ask your lender and your association what they require.
How much is condo insurance in Naples?
Pricing depends on the building and the unit more than on a ZIP code. Factors like year built, floor height, master policy scope, occupancy and selected limits may mean two units in the same building price differently. A quote based on your details is more useful than a citywide average.
What is loss assessment coverage?
It may pay your share when the association assesses unit owners for a covered property loss, such as hurricane damage, that exceeds the master policy limits or deductible. Base limits can be lower than some assessments, and higher limits may be available depending on the carrier. We can show you the options from the carriers we work with.
Do I need flood insurance for a condo?
It depends on your building, its flood zone and your lender. If the association carries a master flood policy, it may cover the building structure, but it typically does not cover your personal belongings. Flood coverage for contents is available from the NFIP and some private carriers, and mortgage lenders may require flood insurance for units in high-risk flood zones.
What happens if I rent my condo out?
Rental use may require a different policy form or endorsement. Owner-occupied policies generally do not cover rental or business use, so renting your unit, whether on a long-term lease or short-term basis (like Airbnb or VRBO), may require a different policy or an endorsement. Some carriers do not offer coverage for short-term rentals. Tell us how the unit is used, including any rental use, and we can help you review the options.
My condo is paid off. Do I still need a policy?
Once the loan is paid off, a lender no longer requires coverage, but your condo association may. Without an HO-6 policy, the interior of your unit, your personal belongings, your liability and your share of certain association assessments are generally not insured. Whether to carry coverage is your decision, and we can show you what is available.
Ready to compare condo quotes?
Send us the unit details, and the association's master policy if you have it. We can review the two together and compare options from the carriers we work with that insure condo units.
Other coverage we offer
Homeowners Insurance
Homeowners coverage for your property. We compare carriers for standard homes, and we may be able to find options for older roofs, non-renewals, and homes looking for an alternative to Citizens.
Homeowners InsuranceUmbrella & Liability Insurance
Extra liability coverage that may help if a covered claim or lawsuit exceeds your underlying home or auto limits. Standalone personal liability policies may also be an option with some carriers. Limits and eligibility vary by carrier.
Umbrella & Liability