Do you need condo insurance in Florida but are worried about the cost and where you’ll get that insurance policy? At Fearnow, we are still serving the Florida insurance market, and you can get condo insurance from us. When it comes to the cost of your policy, Condo insurance averages about $1,500 per year or $126 a month in the state of Florida. Of course, the amount varies greatly depending on what’s covered in your policy and your coverage limitations. Let’s take a look at what condo insurance covers and what you might expect to pay for the insurance policy.

What Condo Insurance Covers

Condo insurance is often referred to as H6 insurance, and it is different from a homeowners policy or a renters policy. This is because the condo owner owns the condo but not the entire building or the land the building occupies. For this reason, condo insurance typically covers:

Personal Property

This coverage protects your personal property. This includes your clothes, digital devices, jewelry, collections, dishes, artwork, furniture and appliances as well as anything else that you’ve purchased and brought into your condo.


Condo liability coverage covers injuries and damage to your belongings. This could be accidental damage that you cause or another member of your household causes, and it could cover accidents that result in someone getting injured and needing medical care. It also contains medical coverage payments for anyone who is visiting your condo and gets injured.

Condo Unit Coverage

Your condo’s unit coverage will depend on what’s covered in the condo association’s master policy. This is because the condo association is responsible for insuring the public areas and any area that isn’t an owned unit. This could include the outside structure of your unit but not the interior walls, flooring, pipes and cabinets.

Loss of Use of the Condo

Some condo insurance policies cover the costs associated with a loss of the unit. If the unit was damaged by a covered event and is not usable until repairs are made, this coverage helps pay for temporary lodging and meals.

Understanding the Factors that Affect the Cost of Condo Insurance in Florida

There are several factors that can affect the cost of your condo insurance, including:

  • What’s Covered Under the Condo Master Policy – Before you purchase condo insurance for yourself, it’s a good idea to review your condo building’s master policy. At their most basic, they cover the common areas and certain amenities that are located inside the building and on the grounds. However, some condo building insurance policies cover more than just the basics.
  • The Age of the Condo Building – Newer buildings have more safety and security measures installed. They’re also less prone to experience things like facade failures, electrical problems and plumbing, HVAC and roof issues. This often means that it’s less expensive to get a condo insurance policy in a newer building than in an older building.
  • Your Claims History – If you’ve had a lot of claims in the past, insurance companies assume that you’ll have a lot of claims in the future, therefore, your premiums will often be higher than someone who has never filed a claim or filed very few claims over the last several years.
  • The Specifics of Your Condo Policy – the amount of coverage that you need and the specifics of your policy can affect the cost. For example, if you need high coverage limits, your policy would be more expensive than someone who owned less stuff.

The Average Cost of Condo Insurance in Florida

Florida’s condo insurance is higher than the national average of $759. In fact, it typically ranges from $794 to around $1,500 per year. It’s important to note that the cost of your condo insurance policy will depend on the insurance carrier and the coverage limitations.

Typical Coverage Dollar Limitations for Condo (H6) Insurance

  • Personal Property – Your personal property insurance coverage should cover the cost of replacing all of your belongings. Since this can vary greatly from owner to owner, it’s important to get a customized dollar amount that meets your needs.
  • Liability – Usually ranges from $100,000 to $500,000.
  • Loss of Use – Pays about 20 percent of the combined policy limitations for loss of use of the dwelling.
  • Dwelling Coverage – Dwelling coverage is another part of the condo insurance policy that must be customized. The amount will depend on what’s covered in your master policy.

Condo Insurance with Fearnow in Florida

If you need an affordable condo insurance policy, our agents at Fearnow, serving Florida, can help. We have the ability to look through hundreds of condo insurance policies from various carriers in order to find the right one for your needs and budget. We also offer auto insurance, umbrella insurance and flood insurance.

To get a quote for a condo insurance policy in Florida, call us at 813-689-8878.