Illinois Condo Insurance
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- Illinois Condo Insurance
From the banks of Lake Michigan in Chicago to Champaign’s bustling campus, Illinois condo insurance is a necessity for condo owners across the state. It’s called an HO6 or a walls-in policy due to the protection it provides for everything inside the four walls of your condo unit — including the walls themselves.
If you own a condo in the Land of Lincoln, the condo association’s master policy isn’t the save-all policy you think it is. It protects the general common areas from covered perils, but its coverage doesn’t extend to owners’ units.
But condo insurance in Illinois offers the protection you need and Clovered can get you the perfect policy at the price you’re willing to pay. We partner with many of the state’s top insurers to give you multiple options in a single place. All you need to do is answer a few quick questions and we can have you on your way with a brand new policy in minutes.
What Insurance Do I Need for a Condo in Illinois?
There’s only one type of condo insurance in Illinois that’s required and it’s an HO6 policy. It’s deemed this term because it shares many similarities with other home insurance policies and, except for the physical structure, protects the same things.
☘ Since it’s a walls-in policy, meaning only what’s inside the four walls of a condo are typically covered, an HO6 begins with coverage for personal belongings. This helps to protect items you keep inside your home, such as clothing, computers, furniture and TVs. Since condo owners don’t own the property outside their unit, belongings that are permanently kept outdoors may not be covered.
Loss of Use
☘ If a peril occurs that damages or destroys your condo, causing you to temporarily move out, loss of use can help to cover monthly rent at an equivalent home, storage fees, pet boarding and many other expenses you wouldn’t have incurred had you been living in your unit. Since your neighbors may not be as careful as you, loss of use is pivotal in protecting your wellbeing.
Personal Liability
☘ If an accident occurs to a guest in your condo unit and you’re deemed liable, personal liability coverage can step in and help pay for medical bills and legal expenses for major incidents like dog bites, broken bones or even accidental death. For condo owners, personal liability is typically the highest amount of coverage you’ll maintain.
Medical Payments
☘ MedPay, as it’s often called, is similar to personal liability in that it covers injuries that occur on your property. But with medical payments coverage, only medical bills for minor injuries will be paid — no matter whether you’re at fault or not.
Loss Assessment
☘ If the condo’s master HOA policy maximums don’t pay for significant damages or incidents, each owner will have to pay a special assessment. This add-on protects policyholders from paying significant special assessment fees handed down by the condo complex.
Building Property Protection
☘ Condo insurance is a walls-in policy, so you don’t have to protect the building’s structure. But building property protection protects the walls and interior of your condo unit if they’re damaged or destroyed by a covered peril, which is important since you may have many neighbors.
What Does the Average Condo Insurance Cost in Illinois?
Although the average cost of condo insurance in Illinois is about $200, which is well below the national average, there are a multitude of factors that play an equally important part of condo insurance cost in Illinois.
You can expect to pay a lot more if your condo is in the middle of downtown Chicago, on the first floor near a body of water or in an older building where the HOA master policy doesn’t go as far. Adversely, you may pay even less if you live in a small town.
How to Get the Best Condo Insurance in Illinois for Cheap
Getting the best condo insurance in Illinois for the cheapest price possible usually means comparing multiple quotes from multiple carriers. But our online quoting tool does the hard work for you by compiling quotes from the state’s leading carriers and providing a policy that has the coverage you need and the price you want to pay.

Protect everything your condo association doesn't with a custom condo insurance policy at an affordable price.
The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.