Tag Archives: HO-6 condo insurance

What The Heck is HO-6 Condo Insurance?

Condo buyers will typically be told shortly after going into contract that their lender requires them to purchase HO-6 insurance. Otherwise known as hazard or individual unit coverage, HO-6 insurance provides personal property and liability coverage for whatever happens within your unit’s walls.

Yes, a portion of your monthly HOA dues does pay for building insurance. But that building policy doesn’t cover anything that might happen inside your unit.

HO-6 coverage costs anywhere between $400-$600 annually, and will end up being part of your closing costs. The provider will typically need to know what year the building was constructed; the number of stories and units in the property; unit square footage and roof type. Your agent can get you started by giving you all these details so you know what to respond when asked by the insurance agent.

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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Marina
Mission

Home Buyer Boot Camp 2016


Hosted by Inside San Francisco Real Estate Blogger-Realtor Eileen Bermingham


We’ll cover:

How to secure financing

What’s happening in the market

How to win the property you want

What happens after you go in contract.


Saturday, October 8th

10:00am – Noon

4040 24th St @ Noe


RSVP by 10/1 to Eileen at

415.823.4656

ebermingham@zephyrsf.com