Condo Insurance Calculator

Calculate HO-6 condo insurance coverage needs based on your master policy type, personal property, and loss assessment exposure.

Financial Disclaimer

This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.

Inputs

Condo Unit Value

Personal Property Value

Master Policy Type

Liability Coverage

Deductible

Loss Assessment Coverage

Tab to move between fields

Results

Monthly Premium

$34.69

≈ 7 cups of coffee

Annual Premium$416.25

Interior/Walls-In Coverage$120,000.00

Personal Property Coverage$40,000.00

Loss Assessment Coverage$25,000.00

Loss of Use Coverage$48,000.00

Total Coverage$185,000.00

How to Use This Calculator

Enter the estimated replacement cost of your personal belongings.
Input your desired liability limit.
Set the condo association's master policy type (bare walls-in, single entity, or all-in).
Review the recommended HO-6 coverage amount for your unit improvements and contents.
Ensure your coverage fills the gap between the master policy and your unit's value.

How the result changes with Condo Unit Value

Condo Unit Value	Monthly Premium
$245,000.00	$30.56
$732,500.00	$67.13
$1,317,500.00	$111.00
$1,805,000.00	$147.56

What each input means

Condo Unit Value: Market value of your condo unit.
Personal Property Value: Total value of your furniture, electronics, clothing, and belongings.
Master Policy Type: 0 = Bare walls-in (you cover interior), 1 = All-in (HOA covers fixtures).
Liability Coverage: Personal liability coverage limit.
Deductible: Your condo insurance deductible.
Loss Assessment Coverage: Coverage for HOA special assessments after a shared loss (e.g., building damage).

How this is calculated

Worked example, using the default values

Identify Input Parameters
4 parameters
Condo Unit Value = 300000, Personal Property Value = 40000, Master Policy Type = 0, Liability Coverage = 300000 = 6 input(s) provided
Calculate Monthly Premium
Monthly Premium
34.69 = $34.69
Calculate Annual Premium
Annual Premium
416.25 = $416.25
Calculate Interior/Walls-In Coverage
Interior/Walls-In Coverage
120000 = $120,000