Lauren Bunting Broker MD & DE

Insurance Policies For Your Condominium

Thursday, October 14, 2021, Lauren Bunting

Condominium associations provide master policy insurance coverage, but a master policy usually covers only the building’s exterior and common areas. To have coverage for what is inside your condo unit, an H06 insurance policy is usually recommended and, in most cases, required, especially if there is a mortgage on the property. 

Generally, there are three different kinds of condo association policies:

  • All-in and all-inclusive: All of the condo's exterior and interior surfaces, including fixtures, installations and additions are covered. You will still need a policy to cover your personal property.

  • Special entity: This is similar to the all-inclusive policy, except that fixtures, improvements and additions are not covered. This type of coverage also requires additional personal property coverage.

  • Bare walls-in and wall studs-in: This type of policy offers the least amount of coverage where only the bare structure is insured. You will need to have a policy that protects your condo’s interior, including your personal property. 

The H06 insurance policy protects your individual condo and covers damage to interior walls, floors and ceilings caused by: theft, vandalism, smoke damage, frozen pipes, fire, some weather events, and damage caused by surrounding condo owners’ units such as a leak from an above unit. It will usually cover water leaks if they're sudden or accidental, however, if a water leak occurs because of gradual damage you could reasonably be expected to be aware of, it may not be covered.

An H06 policy usually protects you against a liability claim if someone is injured in your unit, and coverages generally range from $100,000 to $500,000. H06 policies also cover your personal belongings, which are generally defined as anything you can take with you if you move. Make a list of your personal belongings and be sure to value your possessions properly for what it would cost to replace them now. 

Lauren Bunting is an Associate Broker with Atlantic Shores Sotheby’s International Realty in Ocean City, Maryland.

Lauren Bunting is a Broker with Keller Williams Realty of Delmarva in Ocean City, Maryland.

Go Back

Thank you so much for all of your hard work. We are so excited to move into the perfect house for us, and couldn't have done it without your guidance.

Megan and Brandon Cater

My friend was right, you are the hardest working realtor, bar none. I honestly don't think that I would have gotten through this house selling process without you.

Brenda Burbage

Lauren made first time homebuying extremely approachable, and took the time to educate me on everything involved in the process.

Amanda Hanke and Keri Swigert

Thank you for all of your hard work and dedication that made this purchase possible. You advocate for your clients and I highly regard you for it. You made it possible for me and my family to achieve our goal of homeownership.

Tom Harutyunyan

Thank you so much for the very wonderful, professional job you did with selling our property. You will always be special to me.

Penny Carley

We want to say a sincere "Thank You" for all you've done for us! We know at times the road seemed never ending. Thank you for always staying positive even through our ups and downs of this process. We appreciate all you do!

Mike and Patty Locke

Lauren's extensive knowledge of the local real estate market proved to be invaluable during the purchase of our first home.

Allison Shockley and Patrick Molloy

Lauren is very easy to work with. She has helped me sell and buy homes in the area and has always been hard working and professional.

Jennifer K. Leggour

Lauren went through tremendous lengths to look out for us every step of the way all the way to the very end. If you are in need of a real estate agent who will treat your transaction as if it were their own and provide you with nothing less than A+ service you will be in good hands with Lauren.

Shireen and Mark Ambush

We were referred to Lauren by a good friend, and we couldn’t have been placed in better hands. Lauren went above and beyond in every way, throughout the entire process.

Liz Young

Lauren Bunting was our realtor when we recently sold two homes- one in Maryland and the other one in Delaware. To say we were very satisfied with all she did for us is an understatement!

Janet and Bruce Lathbury

MLS Disclaimer

Contact Me
Realtor logo   Equal Housing Opportunity logo