A Condo Unit Owners, or HO-6 policy as it is commonly referred to, covers the insured against damage to their condominium or cooperative against unforeseeable circumstances such as water damage from leaks, fire, lightning, hurricanes, and even theft of personal belongings. The policy provides coverage for the areas that the insured is responsible for such as the condominium interior walls and flooring, as well as any additions and alterations within the unit. The policy covers damage to your unit at replacement cost and can include coverage for other items such as personal belongings, and liability coverage in case someone is hurt on your property. There is also coverage for any additional living expenses that you may incur while you cannot live in your unit due to damage from an insured loss. This policy does not cover damage caused by flood, earthquake or routine wear and tear.
Coverage is easily customizable with the different coverage limits and deductibles that SafePoint offers, as well as many endorsements options.