What is the Difference between a Condominium Association Master Insurance Policy and a Unit Owner Condo Insurance Policy? South Boston MA

Services for Real Estate Pros with AJ Marchionne Insurance Agency Inc

What is the Difference between a Condominium Association Master Insurance Policy and a Unit Owner Condo Insurance Policy (HO-6), South Boston MA?

Unless you have studied insurance for a living, it can be difficult to understand the difference between a Condo Association Master Insurance Policy and a Unit Owners Condo Insurance Policy (HO-6). Since there are a number of differences, I explain the basics.


Condo Master Insurance





The Condo Association Master Insurance Policy is purchased by the condo association. You pay for the cost for this insurance indirectly. It's usually built into your condo fees.

The Condo's Master Insurance Policy has 2 basic sections, Property and Liability. The property section provides insurance coverage for the building, common areas and in some cases each unit (but not your individual contents). To explain this simply: If you flip the building up-side-down whatever doesn't fall out is covered by the Condo Association Master Insurance Policy.

When you do business with AJ Marchionne Insurance Agency Inc, we take care of this so you do not have to worry about it.

The Condo Association's Master Insurance Policy provides liability insurance to cover the association against law suits. If someone was to get hurt on your premises and sue the association your insurance company will pay for the injuries and all of the legal expenses.


UNIT OWNERS INSURANCE POLICY (HO-6) - This is the personal policy that you as a unit owner should purchase.


These insurance policies are relatively inexpensive and sometime start as low as $150 per year. Your Unit Owner Condo Insurance (HO-6) provides coverage for your contents (clothing, furniture, TV's, computers, dishes & bedding against fire, theft, hurricanes and broken pipes, etc). The Unit Owner's Insurance (HO-6) also provides coverage for any portion of your unit (building) that is not insured under the Condo Association Master Insurance Policy.  

Similar to the Condo Association Master Insurance Policy the Unit Owner's Insurance (HO-6) also includes liability coverage for law suits brought against you as an individual. For example: you have guests visiting and one of them slips, falls and hurts themselves in your unit and sues you personally. This type of law suit will be covered under your Unit Owner's Insurance Policy (HO-6). 


You can contact us for a free review your Condo Association's Master Insurance and the Unit Owners Condo Insurance (HO-6) to make sure there are no coverage gaps that could cost you $$. Don't wait until it is too late and find out the hard way. Know the facts upfront when you initially buy your insurance. As a service we will attend one of your condo association meetings, give a brief explanation of the Master Insurance and how it works in conjunction with the Unit Owner Condo Insurance (HO-6) and answer any questions you may have.

Let AJ Marchionne Insurance Agency Inc take care of all your insurance ranging from Condo Association Master Insurance, Unit Owner Condo Insurance (HO-6), auto insurance, life/mortgage insurance, health insurance & business insurance, etc.

Master Insurance Quote

If you have questions or want to make sure your insurance is done correctly at the best price contact AJ Marchionne Insurance Agency Inc in Quincy, MA at 617-471-5010. We have been in business for over 60 years!


View Larger Map


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Lending / Financial
Massachusetts Suffolk County South Boston
condominium association master insurance policy
unit owners condo insurance policy ho6

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


AJ Marchionne

Condo Association Insurance Boston, MA
Ask me a question
Spam prevention