Gulf Coast Condo Special Assessments and Insurance Premiums and HO-6 Policies
Posted by Meredith Folger Amon on
Condo Special Assessments and Insurance Premiums and HO-6 Policies
Some condo HOAs include the master insurance policy within the monthly HOA dues. Other HOA's bill the insurance premiums separately. In this case, the HOA assesses for insurance each year as a re-accuring special assesssment. The insurance assessment amount may be more or less in the future.
Do condo homeowners on the Gulf Coast need more than just a master insurance policy? In addition to the master insurance policy, homeowners also want to obtain an HO-6 insurance policy.
As a Gulf Coast home buyer, you want to protect your investment in a condo with the best coverage available. That's where condo insurance, or HO-6 insurance, comes in. This type of insurance is…
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