If you’re buying a condo in 2025, understanding your condo insurance is more important than ever. With premiums and condo fees rising nationwide, it’s crucial to know what an HO-6 policy covers , and where your condo association’s master policy stops.
Condo insurance is designed to protect your personal space, belongings, and liability. And if you need help finding coverage, Fidelity Direct Mortgage partners with trusted insurers to match you with the right policy for your new home.
Why Condo Insurance Is Changing in 2025
The condo insurance landscape is evolving. Here’s what’s driving the shifts in coverage and cost this year:
1. Rising Rebuilding Costs
Material and labor expenses remain high, meaning repairs or rebuilds cost more — which increases coverage needs and premiums.
2. Reduced Master Policy Coverage
Many condo associations have adjusted their master policies, limiting what’s covered inside individual units. Owners now shoulder more responsibility for interior damage.
3. Stricter Lender Requirements
Some lenders require proof of sufficient personal dwelling coverage before approving condo loans, making it vital to understand your policy’s limits.
4. Regional Weather Risks
Severe weather and water damage claims are on the rise, leading to higher premiums in certain regions — especially for coastal or flood-prone areas.
What a 2025 Condo Insurance Policy Covers
A modern HO-6 condo insurance policy includes several important types of protection:
Interior Coverage
Protects your unit’s structure — walls, floors, ceilings, and built-ins — from covered damages.
Personal Property Coverage
Covers your belongings like furniture, clothing, and electronics against risks such as fire, theft, or certain water damage.
Additional Living Expenses
Pays for temporary housing and extra costs if your unit becomes unlivable due to a covered event.
Personal Liability Protection
Helps with legal fees and medical costs if someone is injured in your condo and you’re found responsible.
Medical Payments to Others
Provides coverage for medical expenses if a guest is injured in your condo, regardless of fault.
Loss Assessment Coverage
Covers your share if the condo association issues a special assessment for major repairs or a lawsuit.
Smart Tips for 2025 Condo Buyers
Before finalizing your purchase, make sure you:
✅ Compare master and personal policies. Know where one ends and the other begins.
✅ Review coverage limits annually. Rising rebuild costs mean your policy may need updating.
✅ Check deductible options. A higher deductible can lower your premium.
✅ Bundle policies. Combine condo and auto insurance for potential savings.
💡 Pro Tip: Always ask your lender or insurance agent to review your condo association’s master policy before closing — it can save you from coverage gaps later.
Protect Your Investment with Confidence
Buying a condo is an exciting milestone — but the right condo insurance policy ensures your investment is secure no matter what 2025 brings.
If you’d like personalized guidance or help connecting with an insurance partner, Fidelity Direct Mortgage is here to help you find the right coverage for your home and peace of mind.
👉 Contact Fidelity Direct Mortgage Today to learn more about condo insurance options in 2025.
Ellen Wilson
703-864-3773
[email protected]
NMLS #591525
Licensed Mortgage Professional
Fidelity Direct Mortgage
8133 Leesburg Pike Suite 700
Vienna, VA 22182
