If you have a mortgage on your condo, you will typically be required to purchase an HO-6 condo insurance policy. If you do not have a mortgage, you are not required to have an HO6 condo policy; however, we highly recommend it.
Even if your condo association has no coverage requirements, we still highly encourage you to purchase coverage for your unit. It is the best money you’ll ever spend on your condo.
The home is often one of the most important and valuable assets a person owns—not to mention something many people spend years working to build up.
Make sure you insure your property with an appropriate HO-6 Condo Insurance Policy.
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Article Source: https://insideinsuranceagency.com/is-condo-insurance-required/
